AXS Forecast and Technical Stock Analysis
Hold candidate since 2019-12-09 PDF
Axis Capital Holdings Limited gained 0.87% in the last trading day ( Monday, 9th Dec 2019 ), rising from $58.65 to $59.16 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.32% from a day low at $58.44 to a day high of $59.21. The price has risen in 7 of the last 10 days and is up by 1.68% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 333 326 more shares were traded than the day before. In total, 752 608 shares bought and sold for approximately $44.52 million.
- 30 day high of the AXS stock price was $60.27 and low was $57.57.
- 90 day high was $67.51 and low was $57.57.
- 52 week high for Axis Capital Holdings Limited - $67.51 and low - $48.27.
Axis Capital Holdings Limited lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $60.09 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -12.83% during the next 3 months and, with 90% probability hold a price between $48.04 and $52.38 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday December 03, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Axis Capital Holdings Limited holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $59.54. On a fall, the stock will find some support from the short-term average at $58.56. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 53 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Axis Capital Holdings Limited finds support from accumulated volume at $58.67.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.77 (1.32%) between high and low. For the last week, the stock has had daily average volatility of 1.11%.
Our recommended stop-loss: $55.94 (-5.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
1.11 %Average volatility
Very Low Low Medium High Very High
Axis Capital Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate candidate.
|AXS $59.16 ($0.51 0.87%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!