NASDAQ:AAXJ - Nasdaq - US4642881829 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to AAXJ. Although AAXJ has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
AAXJ has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 75.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 74.97, a Stop Loss order could be placed below this zone.
68.89
We found 3 important support areas.
When analyzing the resistance we notice 2 important areas.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
76.87 | 72.60 | 4.27 (5.55%) | 18.00% |
An entry @76.87. This is a Buy Stop order right above the resistance zone. | An exit @72.60. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.27 points, which is 5.55%. | For a 1.00% total portfolio risk, you can invest 18.00% of your capital in this trade. |
75.86
+0.23 (+0.3%)