Buy signal in week 6, earnings due today
AXA stock adds 0.2% in earnings week as the buy signal loses steam near its highs
Buy signal in week 6, earnings due today
Our view last week
AXA shares stay glued to their all-time highs, a level already tested twice in the past ten weeks: this week's technical analysis shows the stock has just carved a double bottom in the 42 area with a 4% rebound, but this week it added only 0.1% and volume is thinning out. The buy signal, five weeks old, keeps fading, while earnings land this very week, on July 30, raising the stakes. The trade is still up 5.48%, with the stop already moved to breakeven.
This week's summary
AXA stock keeps stringing together 4 higher lows, from the 43 area toward 45: our weekly technical analysis flags a push that's losing shine though, with the MACD deteriorating and buyer dominance fading. Earnings, due today, raise the stakes for the session. The trade is still up 5.74% since entry.
IQS Phase
62
ordinary
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#36 / 61
EU-UK stocks in progress
Trade P&L %
+5.74%
from signal to date, no stop loss
Rank position
ranks 36th among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 44 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.05% · monthly +3.45%
CS belongs to the european sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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