American Axle & Manufacturing Technical Analysis (NYSE:AXL)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The American Axle & Manufacturing stock price data and volume are plotted in AXL stock charts and these trading charts form the basis of technical analysis.
See American Axle & Manufacturing bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking American Axle & Manufacturing stock analysis using these technical indicators helps identify trading opportunities.
American Axle & Manufacturing Moving Average:
Moving averages help predict the price direction of AXL stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer AXL stock price movement for the moving average to change course.
American Axle & Manufacturing Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of American Axle & Manufacturing stock price relative to previous trades. Currently the stock price of $17.74 is in the upper range of American Axle & Manufacturing bollinger bands.
American Axle & Manufacturing Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The American Axle & Manufacturing MACD indicator is below 0 indicating a bearish trend.
American Axle & Manufacturing Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of AXL stock is 25.37. .