AXA Equitable Holdings Inc. Stock Forecast
Red day on Thursday for AXA Equitable Holdings Inc.
(Updated on Apr 25, 2024)
The AXA Equitable Holdings Inc. stock price fell by -2.47% on the last day (Thursday, 25th Apr 2024) from $38.07 to $37.13. During the last trading day the stock fluctuated 2.97% from a day low at $37.00 to a day high of $38.10. The price has risen in 6 of the last 10 days and is up by 0.19% over the past 2 weeks. Volume has increased on the last day by 1 million 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, 3 million shares were bought and sold for approximately $116.47 million.
The stock lies in the middle of a strong 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 15.43% during the next 3 months and, with a 90% probability hold a price between $41.65 and $44.04 at the end of this 3-month period.
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EQH Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -2.47%. 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. The AXA Equitable Holdings Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $36.85 and $36.48. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for AXA Equitable Holdings Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $33.93 and $33.76. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AXA Equitable Holdings Inc. finds support just below today's level at $33.93. If this is broken, then the next support from accumulated volume will be at $33.76 and $33.70.
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 $1.10 (2.97%) between high and low. For the last week, the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: $35.62 (-4.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (EQH) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect AXA Equitable Holdings Inc. to open at $37.41, and during the day (based on 14 day Average True Range), to move between $36.39 and $37.87, which gives a possible trading interval of +/-$0.739 (+/-1.99%) up or down from last closing price. If AXA Equitable Holdings Inc. takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.59 (1.24%) than the support at $33.93 (8.62%), 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.
Earnings coming up
AXA Equitable Holdings Inc. will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.31. We will update the financials statements for AXA Equitable Holdings Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.40% in the first trading day after earnings release.
Is AXA Equitable Holdings Inc. stock A Buy?
AXA Equitable Holdings Inc. 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 a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.629 Hold/Accumulate Unchanged
Predicted Opening Price for AXA Equitable Holdings Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $37.41 ( 0.754%) | $37.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EQH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.51 | 3.72 % | |
| R2 | 38.09 | 2.58 % | ||
| R1 | 37.83 | 1.89 % | ||
| Current price: | 37.13 | |||
| Support | S1 | 36.99 | -0.378 % | |
| S2 | 36.73 | -1.08 % | ||
| S3 | 36.31 | -2.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.07 | 2.53 % | |
| R2 | 37.79 | 1.78 % | ||
| R1 | 37.59 | 1.24 % | ||
| Current price | 37.13 | |||
| Support | S1 | 33.93 | -8.62% | |
| S2 | 33.76 | -9.08% | ||
| S3 | 33.70 | -9.24% |
EQH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Feb 23, 2024 | Mar 04, 2024 | $0.220 | 0.658% |
| 2 | Nov 15, 2023 | Nov 24, 2023 | Dec 04, 2023 | $0.220 | 0.682% |
| 3 | Jul 28, 2023 | Aug 04, 2023 | Aug 14, 2023 | $0.220 | 0.783% |
| 4 | May 24, 2023 | Jun 02, 2023 | Aug 14, 2023 | $0.220 | 0.783% |
| 5 | Feb 15, 2023 | Feb 27, 2023 | Mar 06, 2023 | $0.200 | 0.633% |
FAQ
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