Axis Capital Holdings Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Axis Capital Holdings Limited
(Updated on Apr 19, 2024)
The Axis Capital Holdings Limited stock price gained 1.63% on the last trading day (Friday, 19th Apr 2024), rising from $61.47 to $62.47. During the last trading day the stock fluctuated 2.11% from a day low at $61.58 to a day high of $62.88. The price has fallen in 6 of the last 10 days and is down by -4.66% for this period. Volume fell on the last day by -276 thousand shares and in total, 440 thousand shares were bought and sold for approximately $27.50 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 9.97% during the next 3 months and, with a 90% probability hold a price between $66.98 and $73.12 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AXS Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $62.92. On a fall, the stock will find some support from the short-term average at $61.59. 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 -4.66%. 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).
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 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 $1.30 (2.11%) between high and low. For the last week, the stock has had daily average volatility of 1.90%.
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 Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Axis Capital Holdings Limited to open at $62.31, and during the day (based on 14 day Average True Range), to move between $61.25 and $63.69, which gives a possible trading interval of +/-$1.22 (+/-1.96%) 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 3.91% 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 (1.84%) than the support at $60.71 (2.82%), 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: -3.177 Sell Candidate Unchanged
Predicted Opening Price for Axis Capital Holdings Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $62.31 ( 0.256%) | $62.47 |
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 | 63.61 | 1.82 % | |
| R2 | 63.11 | 1.03 % | ||
| R1 | 62.81 | 0.539 % | ||
| Current price: | 62.47 | |||
| Support | S1 | 61.81 | -1.05 % | |
| S2 | 61.51 | -1.54 % | ||
| S3 | 61.01 | -2.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.37 | 4.64 % | |
| R2 | 65.02 | 4.08 % | ||
| R1 | 63.62 | 1.84 % | ||
| Current price | 62.47 | |||
| Support | S1 | 60.71 | -2.82% | |
| S2 | 58.48 | -6.39% | ||
| S3 | 57.16 | -8.50% |
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
Click here for our free guide on how to buy Axis Capital Holdings Limited Stock.
