Anixter International Technical Analysis (NYSE:AXE)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Anixter International stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the AXE stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Anixter International. The technical analysis form of Anixter International stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Anixter International Moving Average
Moving averages help predict the price direction of AXE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $77.42 is below the price of $78.7.
Anixter International Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Anixter International. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Anixter International bollinger bands.
Anixter International 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 Anixter International MACD indicator is below 0 indicating a bearish trend.
Anixter International Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 65.22 is the RSI value of AXE stock.