All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
In the current situation of AXA Equitable there is just one buy setup eligible:
AXA Equitable stock is in an uptrend since in late March that so far has marked an amazing 119% gain. Price marked a local bottom in this uptrend at $18.06 in early July, and since then it bounced off a 18.77%. Breaking out above $24.19 - it's last top - will be a good entry point if AXA Equitable resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $21.77
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$24.19||$21.77||10%|
"To sell or not to sell", if you are holding AXA Equitable stock?. Just as when we have to buy shares, choosing when is appropiate to sell is not a random decision, and we must adhere our own trading strategy. We like very simple strategies to guide us on when is a good moment to sell a stock. Be aware that these strategies should not be used for selling short AXA Equitable stock
A golden rule is that you should not hold an investment that results in higher than expected losses upon purchase. The moment to sell shares must always be determined by the stop-loss (automatic or manual)
In the current situation of AXA Equitable there is not any eligible sell setup, so AXA Equitable stock holders with operations in profit can keep their positions
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
In the last 30 days, just one brokerage rating was published for AXA Equitable
|Aug 5th, 2020|
AXA Equitable shares started an uptrend in late March, and grew an amazing 118.88%. The chart shows higher peaks and higher troughs, and along the way gave some buying opportunities for those who wanted to invest. Latest pullback was in early July, when price bounced at $18.06. Currently, it moves in a consolidation between its last top ($24.19) and its last bottom ($18.06)
Moving averages are indicators for traders to measure market momentum. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days
Market investors use supports and resistances to find price points on a chart that tend to act as obstacles, preventing the price of an asset to move up or down. A support level is a level where the price may stop as it falls. This means that the price is more likely to "rebound" this level rather than break through it. However, if the price breaks down this level, it is likely to continue declining until approaching another support level. On the contrary, resistance levels are where the price may find resistance as it rises. In the same manner, this means that the price is more likely to "bounce off" at this level, and if it finally ruptures this level, it will rally easily until it approaches the next resistance
The current resistance levels are:
The current supports are:
This is an indicator that was created in the 1980s by John Bollinger. It is composed of three bands that are superimposed on the price evolution chart:
Price levels above or below the Bollinger Bands tell us that the price has followed a strong trend that has led to extreme highs or lows. In this case, the price is over the upper band, meaning a short-term correction (at least) until it is below the band
The Relative Strength Index is an oscillator-type indicator that gauges price action to identify when the share or financial asset is oversold or overbought. Like other oscillation indicators, the RSI fluctuates in a range between 0% and 100%. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in the late 1970s
The RSI dropped below the overbought level of 70 in early June after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Friday was 61.33. AXA Equitable shares collapsed a 6.94% since RSI lost the overbought zone
Equitable Holdings, Inc. (EQH) reported adjusted EPS for the fiscal 2nd-quarter that enhanced Market expectations. Quarterly EPS was $1.00 per share from an estimated $0.89. This quarterly report represents an earnings surprise of 12.36%. Forecasted revenue for this quarter was $3.2 billion but AXA Equitable poorly missed by 179.31%, reporting $-25,300,000,000.00.
By comparison, the EPS for the same quarter last year was $1.14, so reported EPS means a loss of -12.28%. Looking at revenue, figures dropped a -232.25% compared to $1.9B same quarter a year ago.
AXA Equitable is hosting the quarterly earnings call next November. Forecasted per-share earnings of %s for this quarter is $1.10. Earnings reporting day has a more than usual risk for stock traders as the information published can soar and sink the price with exceptionally low volume and not respecting your buy or stop-loss orders. It's always good to review company's website to confirm time and details about the earnings call and the earnings report.