Axis Capital Holdings Limited Stock Forecast
Axis Capital Holdings Limited stock price ended at $62.18 on Monday, after losing 0.464%.
(Updated on Apr 22, 2024)
The Axis Capital Holdings Limited stock price fell by -0.464% on the last day (Monday, 22nd Apr 2024) from $62.47 to $62.18. During the last trading day the stock fluctuated 1.26% from a day low at $62.14 to a day high of $62.92. The price has fallen in 6 of the last 10 days and is down by -4.91% for this period. Volume has increased on the last day by 463 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 903 thousand shares were bought and sold for approximately $56.14 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.16% during the next 3 months and, with a 90% probability hold a price between $66.11 and $72.61 at the end of this 3-month period.
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AXS Signals & Forecast
There are few to no technical positive signals at the moment. The Axis Capital Holdings Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $62.96. On a fall, the stock will find some support from the short-term average at $61.60. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -5.10%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Axis Capital Holdings Limited stock
Axis Capital Holdings Limited finds support from accumulated volume at $60.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.780 between high and low, or 1.26%. For the last week, the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AXS) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Axis Capital Holdings Limited to open at $62.41, and during the day (based on 14 day Average True Range), to move between $60.99 and $63.37, which gives a possible trading interval of +/-$1.19 (+/-1.91%) up or down from last closing price. If Axis Capital Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $63.62 (2.32%) than the support at $60.71 (2.36%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Axis Capital Holdings Limited stock A Buy?
The Axis Capital Holdings Limited stock holds several negative signals and despite the positive trend, we believe Axis Capital Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.636 Sell Candidate Unchanged
Predicted Opening Price for Axis Capital Holdings Limited of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $62.41 ( 0.375%) | $62.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AXS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.19 | 1.63 % | |
| R2 | 62.90 | 1.15 % | ||
| R1 | 62.71 | 0.85 % | ||
| Current price: | 62.18 | |||
| Support | S1 | 62.12 | -0.104 % | |
| S2 | 61.93 | -0.400 % | ||
| S3 | 61.63 | -0.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.37 | 5.13 % | |
| R2 | 65.02 | 4.57 % | ||
| R1 | 63.62 | 2.32 % | ||
| Current price | 62.18 | |||
| Support | S1 | 60.71 | -2.36% | |
| S2 | 58.48 | -5.95% | ||
| S3 | 57.16 | -8.07% |
AXS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 01, 2024 | Apr 18, 2024 | $0.440 | 0.716% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Jan 18, 2024 | $0.440 | 0.796% |
| 3 | Sep 20, 2023 | Sep 29, 2023 | Oct 18, 2023 | $0.440 | 0.752% |
| 4 | May 03, 2023 | Jun 29, 2023 | Jul 18, 2023 | $0.440 | 0.82% |
| 5 | Feb 22, 2023 | Mar 30, 2023 | Apr 18, 2023 | $0.440 | 0.773% |
FAQ
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