Londinia Opportunities Analyses - 04/25/2024 (GMT) AXALTA COATING SYSTEMS - 1H
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USD
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15 min delayed data - NYSE Stocks
| Type: | Stocks |
| Ticker: | AXTA |
| ISIN: | BMG0750C1082 |
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 31.02 USD
My targets
29.41 USD (-3.83%)
28.05 USD (-8.27%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AXALTA COATING SYSTEMS as long as the price remains well below 31.02 USD. The sellers' bearish objective is set at 29.41 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 28.05 USD. In case of crossing, the next objective would be the support located at 25.42 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.2
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Additional analysis
Quotes
AXALTA COATING SYSTEMS rating 30.58 USD. On the day, this instrument lost -1.70% with the lowest point at 30.41 USD and the highest point at 30.94 USD. The deviation from the price is +0.56% for the low point and -1.16% for the high point.30.41
30.94
30.58
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AXALTA COATING SYSTEMS in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.42 | 28.05 | 30.55 | 30.58 | 31.02 | 31.36 | 32.11 |
| Change (%) | -16.87% | -8.27% | -0.10% | - | +1.44% | +2.55% | +5.00% |
| Change | -5.16 | -2.53 | -0.03 | - | +0.44 | +0.78 | +1.53 |
| Level | Major | Major | Major | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.35 | 30.59 | 30.85 | 31.09 | 31.35 | 31.59 | 31.85 |
| Camarilla | 30.97 | 31.02 | 31.06 | 31.11 | 31.16 | 31.20 | 31.25 |
| Woodie | 30.36 | 30.60 | 30.86 | 31.10 | 31.36 | 31.60 | 31.86 |
| Fibonacci | 30.59 | 30.78 | 30.90 | 31.09 | 31.28 | 31.40 | 31.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.27 | 29.41 | 30.14 | 31.28 | 32.01 | 33.15 | 33.88 |
| Camarilla | 30.36 | 30.53 | 30.70 | 30.87 | 31.04 | 31.21 | 31.38 |
| Woodie | 28.07 | 29.31 | 29.94 | 31.18 | 31.81 | 33.05 | 33.68 |
| Fibonacci | 29.41 | 30.12 | 30.57 | 31.28 | 31.99 | 32.44 | 33.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.64 | 31.44 | 32.92 | 33.72 | 35.20 | 36.00 | 37.48 |
| Camarilla | 33.76 | 33.97 | 34.18 | 34.39 | 34.60 | 34.81 | 35.02 |
| Woodie | 30.97 | 31.61 | 33.25 | 33.89 | 35.53 | 36.17 | 37.81 |
| Fibonacci | 31.44 | 32.31 | 32.85 | 33.72 | 34.59 | 35.13 | 36.00 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.60 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | -18.79 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 30.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 31.34 | |
| Elder Ray (13): | -0.46 | |
| Super Trend (3,10): | 31.44 | |
| Zig ZAG (10): | 30.53 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 28.00 | |
| TEMA (21): | 30.91 | |
| Williams %R (14): | -86.96 | |
| Chande Momentum Oscillator (20): | -0.62 | |
| Repulse (5,40,3): | -1.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.30 |
| MA7: | 31.22 | |
| MA20: | 32.36 | |
| MA50: | 32.59 | |
| MA100: | 32.72 | |
| MAexp7: | 30.83 | |
| MAexp20: | 31.07 | |
| MAexp50: | 31.37 | |
| MAexp100: | 31.84 | |
| Price / MA7: | -2.05% | |
| Price / MA20: | -5.50% | |
| Price / MA50: | -6.17% | |
| Price / MA100: | -6.54% | |
| Price / MAexp7: | -0.81% | |
| Price / MAexp20: | -1.58% | |
| Price / MAexp50: | -2.52% | |
| Price / MAexp100: | -3.96% |
Quotes :
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15 min delayed data
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Actions NYSE
News
The last news published on AXALTA COATING SYSTEMS at the time of the generation of this analysis was as follows:
- Axalta Irus Mix and Voltatex® 7345 A ECO Wire Enamel Win Silver 2024 Edison Awards™; Low Carbon Footprint Sustainable Coating System with Hyperdur® Primer and Chromadyne® Colorcoat Takes Bronze
- Axalta Named a 2023 General Motors Supplier of the Year
- Axalta Schedules First-Quarter 2024 Earnings Conference Call
- Robert McLaughlin to Retire from Axalta Board of Directors
- Axalta Releases Fourth Quarter and Full Year 2023 Results