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Axis Corporation
Buy, Hold or Sell?

Let's analyse Axis together

PenkeI guess you are interested in Axis Corporation. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Axis Corporation. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Axis (30 sec.)










What can you expect buying and holding a share of Axis? (30 sec.)

How much money do you get?

How much money do you get?
NT$0.00
When do you have the money?
1 year
How often do you get paid?
69.2%

What is your share worth?

Current worth
NT$25.85
Expected worth in 1 year
NT$28.95
How sure are you?
84.6%

+ What do you gain per year?

Total Gains per Share
NT$3.10
Return On Investment
3.8%

For what price can you sell your share?

Current Price per Share
NT$80.80
Expected price per share
NT$67.00 - NT$88.90
How sure are you?
50%

1. Valuation of Axis (5 min.)




Live pricePrice per Share (EOD)

NT$80.80

Intrinsic Value Per Share

NT$-24.05 - NT$-30.73

Total Value Per Share

NT$1.80 - NT$-4.89

2. Growth of Axis (5 min.)




Is Axis growing?

Current yearPrevious yearGrowGrow %
How rich?$37.7m$33.4m$2.3m6.6%

How much money is Axis making?

Current yearPrevious yearGrowGrow %
Making money$2.2m$1.2m$982.5k44.3%
Net Profit Margin19.3%10.8%--

How much money comes from the company's main activities?

3. Financial Health of Axis (5 min.)




4. Comparing to competitors in the Electrical Equipment & Parts industry (5 min.)




  Industry Rankings (Electrical Equipment & Parts)  


Richest
#351 / 464

Most Revenue
#365 / 464

Most Profit
#241 / 464

What can you expect buying and holding a share of Axis? (5 min.)

Welcome investor! Axis's management wants to use your money to grow the business. In return you get a share of Axis.

What can you expect buying and holding a share of Axis?

First you should know what it really means to hold a share of Axis. And how you can make/lose money.

Speculation

The Price per Share of Axis is NT$80.80. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Axis.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Axis, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is NT$25.85. Based on the TTM, the Book Value Change Per Share is NT$0.78 per quarter. Based on the YOY, the Book Value Change Per Share is NT$0.35 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is NT$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Axis.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 NT$% of Price per ShareNT$% of Price per ShareNT$% of Price per ShareNT$% of Price per ShareNT$% of Price per Share
Usd Eps0.060.1%0.050.1%0.030.0%0.040.0%0.040.0%
Usd Book Value Change Per Share0.070.1%0.020.0%0.010.0%0.060.1%0.060.1%
Usd Dividend Per Share0.000.0%0.000.0%0.110.1%0.070.1%0.070.1%
Usd Total Gains Per Share0.070.1%0.020.0%0.120.2%0.130.2%0.130.2%
Usd Price Per Share1.47-1.38-1.37-1.31-1.31-
Price to Earnings Ratio6.27-8.43-2.91-7.07-7.07-
Price-to-Total Gains Ratio20.60-18.83--6.44-8.11-8.11-
Price to Book Ratio1.82-1.80-1.92-1.86-1.86-
Price-to-Total Gains Ratio20.60-18.83--6.44-8.11-8.11-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.52904
Number of shares395
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.07
Usd Book Value Change Per Share0.020.06
Usd Total Gains Per Share0.020.13
Gains per Quarter (395 shares)9.5951.90
Gains per Year (395 shares)38.35207.59
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10382810998198
207766219197406
30115104328295614
40153142437393822
501921805464921030
602302186565901238
702682567656881446
803072948747871654
903453329838851862
10038437010939832070

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%11.01.00.091.7%12.01.00.092.3%12.01.00.092.3%12.01.00.092.3%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%10.03.00.076.9%10.03.00.076.9%10.03.00.076.9%
Dividend per Share0.00.04.00.0%8.00.04.066.7%9.00.04.069.2%9.00.04.069.2%9.00.04.069.2%
Total Gains per Share3.01.00.075.0%10.02.00.083.3%11.02.00.084.6%11.02.00.084.6%11.02.00.084.6%

Fundamentals of Axis

About Axis Corporation

Axis Corporation engages in the manufacture and sale of transformers in Taiwan. The company offers plate type transformers and coils, such as toroidal coil and high frequency transformers and coils; sealed infusion products; and various inductors and coils. Its products are used in commercial business machines; game machines; plotters; charging systems for electric vehicles and hybrid vehicles/car audio; medical precision equipment and lighting power supplies; lighting and communications/industrial equipment; and transformers for power systems, etc. The company was formerly known as Gomore Corp. and changed its name to Axis Corporation in 1994. Axis Corporation was founded in 1986 and is headquartered in Taoyuan City, Taiwan.

Fundamental data was last updated by Penke on 2024-03-08 11:21:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Axis Corporation.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Axis earns for each NT$1 of revenue.

  • Above 10% is considered healthy but always compare Axis to the Electrical Equipment & Parts industry mean.
  • A Net Profit Margin of 24.2% means that NT$0.24 for each NT$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Axis Corporation:

  • The MRQ is 24.2%. The company is making a huge profit. +2
  • The TTM is 19.3%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ24.2%TTM19.3%+4.8%
TTM19.3%YOY10.8%+8.6%
TTM19.3%5Y16.5%+2.9%
5Y16.5%10Y16.5%0.0%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ24.2%3.8%+20.4%
TTM19.3%3.7%+15.6%
YOY10.8%3.3%+7.5%
5Y16.5%3.2%+13.3%
10Y16.5%3.4%+13.1%
1.1.2. Return on Assets

Shows how efficient Axis is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Axis to the Electrical Equipment & Parts industry mean.
  • 3.5% Return on Assets means that Axis generated NT$0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Axis Corporation:

  • The MRQ is 3.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.0%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.5%TTM3.0%+0.4%
TTM3.0%YOY1.9%+1.2%
TTM3.0%5Y2.7%+0.3%
5Y2.7%10Y2.7%0.0%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ3.5%0.9%+2.6%
TTM3.0%1.0%+2.0%
YOY1.9%0.8%+1.1%
5Y2.7%0.9%+1.8%
10Y2.7%1.1%+1.6%
1.1.3. Return on Equity

Shows how efficient Axis is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Axis to the Electrical Equipment & Parts industry mean.
  • 7.2% Return on Equity means Axis generated NT$0.07 for each NT$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Axis Corporation:

  • The MRQ is 7.2%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 6.2%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ7.2%TTM6.2%+1.0%
TTM6.2%YOY3.4%+2.8%
TTM6.2%5Y5.1%+1.1%
5Y5.1%10Y5.1%0.0%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ7.2%2.0%+5.2%
TTM6.2%1.9%+4.3%
YOY3.4%1.7%+1.7%
5Y5.1%1.8%+3.3%
10Y5.1%2.0%+3.1%

1.2. Operating Efficiency of Axis Corporation.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Axis is operating .

  • Measures how much profit Axis makes for each NT$1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Axis to the Electrical Equipment & Parts industry mean.
  • An Operating Margin of 0.0% means the company generated NT$0.00  for each NT$1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Axis Corporation:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM9.8%-9.8%
TTM9.8%YOY10.8%-1.0%
TTM9.8%5Y11.6%-1.8%
5Y11.6%10Y11.6%0.0%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.7%-6.7%
TTM9.8%3.4%+6.4%
YOY10.8%4.3%+6.5%
5Y11.6%4.9%+6.7%
10Y11.6%3.7%+7.9%
1.2.2. Operating Ratio

Measures how efficient Axis is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • An Operation Ratio of 1.56 means that the operating costs are NT$1.56 for each NT$1 in net sales.

Let's take a look of the Operating Ratio trends of Axis Corporation:

  • The MRQ is 1.558. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.539. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.558TTM1.539+0.019
TTM1.539YOY1.580-0.041
TTM1.5395Y1.549-0.010
5Y1.54910Y1.5490.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5581.657-0.099
TTM1.5391.679-0.140
YOY1.5801.676-0.096
5Y1.5491.631-0.082
10Y1.5491.348+0.201

1.3. Liquidity of Axis Corporation.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Axis is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • A Current Ratio of 1.81 means the company has NT$1.81 in assets for each NT$1 in short-term debts.

Let's take a look of the Current Ratio trends of Axis Corporation:

  • The MRQ is 1.811. The company is able to pay all its short-term debts. +1
  • The TTM is 1.882. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.811TTM1.882-0.071
TTM1.882YOY1.969-0.087
TTM1.8825Y1.994-0.112
5Y1.99410Y1.9940.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8111.908-0.097
TTM1.8821.887-0.005
YOY1.9691.909+0.060
5Y1.9941.9940.000
10Y1.9941.645+0.349
1.3.2. Quick Ratio

Measures if Axis is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Axis to the Electrical Equipment & Parts industry mean.
  • A Quick Ratio of 1.18 means the company can pay off NT$1.18 for each NT$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Axis Corporation:

  • The MRQ is 1.179. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.044. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.179TTM1.044+0.135
TTM1.044YOY1.196-0.152
TTM1.0445Y1.183-0.139
5Y1.18310Y1.1830.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1790.887+0.292
TTM1.0440.895+0.149
YOY1.1960.962+0.234
5Y1.1830.985+0.198
10Y1.1830.985+0.198

1.4. Solvency of Axis Corporation.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Axis assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Axis to Electrical Equipment & Parts industry mean.
  • A Debt to Asset Ratio of 0.52 means that Axis assets are financed with 52.3% credit (debt) and the remaining percentage (100% - 52.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Axis Corporation:

  • The MRQ is 0.523. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.503. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.523TTM0.503+0.020
TTM0.503YOY0.479+0.025
TTM0.5035Y0.476+0.027
5Y0.47610Y0.4760.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5230.436+0.087
TTM0.5030.447+0.056
YOY0.4790.438+0.041
5Y0.4760.443+0.033
10Y0.4760.433+0.043
1.4.2. Debt to Equity Ratio

Measures if Axis is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Axis to the Electrical Equipment & Parts industry mean.
  • A Debt to Equity ratio of 109.8% means that company has NT$1.10 debt for each NT$1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Axis Corporation:

  • The MRQ is 1.098. The company is able to pay all its debts with equity. +1
  • The TTM is 1.018. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.098TTM1.018+0.081
TTM1.018YOY0.929+0.089
TTM1.0185Y0.920+0.097
5Y0.92010Y0.9200.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0980.766+0.332
TTM1.0180.812+0.206
YOY0.9290.799+0.130
5Y0.9200.819+0.101
10Y0.9200.837+0.083

2. Market Valuation of Axis Corporation

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every NT$1 in earnings Axis generates.

  • Above 15 is considered overpriced but always compare Axis to the Electrical Equipment & Parts industry mean.
  • A PE ratio of 6.27 means the investor is paying NT$6.27 for every NT$1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Axis Corporation:

  • The EOD is 10.788. Based on the earnings, the company is underpriced. +1
  • The MRQ is 6.269. Based on the earnings, the company is cheap. +2
  • The TTM is 8.430. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD10.788MRQ6.269+4.520
MRQ6.269TTM8.430-2.162
TTM8.430YOY2.910+5.521
TTM8.4305Y7.072+1.358
5Y7.07210Y7.0720.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD10.78815.343-4.555
MRQ6.26913.372-7.103
TTM8.43014.274-5.844
YOY2.91016.091-13.181
5Y7.07217.732-10.660
10Y7.07223.147-16.075
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Axis Corporation:

  • The EOD is -58.183. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -33.808. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 24.537. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD-58.183MRQ-33.808-24.375
MRQ-33.808TTM24.537-58.345
TTM24.537YOY-24.700+49.237
TTM24.5375Y-5.397+29.934
5Y-5.39710Y-5.3970.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD-58.1834.318-62.501
MRQ-33.8084.034-37.842
TTM24.5372.128+22.409
YOY-24.700-2.178-22.522
5Y-5.397-0.110-5.287
10Y-5.3970.056-5.453
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Axis is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • A PB ratio of 1.82 means the investor is paying NT$1.82 for each NT$1 in book value.

Let's take a look of the Price to Book Ratio trends of Axis Corporation:

  • The EOD is 3.126. Based on the equity, the company is fair priced.
  • The MRQ is 1.816. Based on the equity, the company is underpriced. +1
  • The TTM is 1.799. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.126MRQ1.816+1.310
MRQ1.816TTM1.799+0.017
TTM1.799YOY1.917-0.118
TTM1.7995Y1.856-0.057
5Y1.85610Y1.8560.000
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD3.1261.968+1.158
MRQ1.8162.042-0.226
TTM1.7992.191-0.392
YOY1.9172.277-0.360
5Y1.8562.376-0.520
10Y1.8562.816-0.960
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Axis Corporation compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--2.2790.776+194%0.350+551%1.988+15%1.988+15%
Book Value Per Share--25.84724.560+5%22.946+13%22.559+15%22.559+15%
Current Ratio--1.8111.882-4%1.969-8%1.994-9%1.994-9%
Debt To Asset Ratio--0.5230.503+4%0.479+9%0.476+10%0.476+10%
Debt To Equity Ratio--1.0981.018+8%0.929+18%0.920+19%0.920+19%
Dividend Per Share----0%3.600-100%2.209-100%2.209-100%
Eps--1.8721.520+23%0.846+121%1.181+59%1.181+59%
Free Cash Flow Per Share---0.3471.231-128%1.073-132%0.984-135%0.984-135%
Free Cash Flow To Equity Per Share---0.3471.411-125%0.778-145%0.530-165%0.530-165%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---30.734--------
Intrinsic Value_10Y_min---24.050--------
Intrinsic Value_1Y_max--2.971--------
Intrinsic Value_1Y_min--2.922--------
Intrinsic Value_3Y_max--4.316--------
Intrinsic Value_3Y_min--4.213--------
Intrinsic Value_5Y_max--0.101--------
Intrinsic Value_5Y_min--0.490--------
Market Cap3765360800.000+42%2187916950.0002058599175.000+6%2039376262.500+7%1946846392.308+12%1946846392.308+12%
Net Profit Margin--0.2420.193+25%0.108+124%0.165+47%0.165+47%
Operating Margin---0.098-100%0.108-100%0.116-100%0.116-100%
Operating Ratio--1.5581.539+1%1.580-1%1.549+1%1.549+1%
Pb Ratio3.126+42%1.8161.799+1%1.917-5%1.856-2%1.856-2%
Pe Ratio10.788+42%6.2698.430-26%2.910+115%7.072-11%7.072-11%
Price Per Share80.800+42%46.95044.175+6%43.763+7%41.777+12%41.777+12%
Price To Free Cash Flow Ratio-58.183-72%-33.80824.537-238%-24.700-27%-5.397-84%-5.397-84%
Price To Total Gains Ratio35.449+42%20.59818.827+9%-6.442+131%8.114+154%8.114+154%
Quick Ratio--1.1791.044+13%1.196-1%1.1830%1.1830%
Return On Assets--0.0350.030+14%0.019+83%0.027+28%0.027+28%
Return On Equity--0.0720.062+17%0.034+113%0.051+41%0.051+41%
Total Gains Per Share--2.2790.776+194%3.950-42%4.198-46%4.198-46%
Usd Book Value--37700943.90035823890.725+5%33469481.250+13%32904849.715+15%32904849.715+15%
Usd Book Value Change Per Share--0.0710.024+194%0.011+551%0.062+15%0.062+15%
Usd Book Value Per Share--0.8090.769+5%0.718+13%0.706+15%0.706+15%
Usd Dividend Per Share----0%0.113-100%0.069-100%0.069-100%
Usd Eps--0.0590.048+23%0.026+121%0.037+59%0.037+59%
Usd Free Cash Flow---506402.7001795391.475-128%1564733.950-132%1434570.492-135%1434570.492-135%
Usd Free Cash Flow Per Share---0.0110.039-128%0.034-132%0.031-135%0.031-135%
Usd Free Cash Flow To Equity Per Share---0.0110.044-125%0.024-145%0.017-165%0.017-165%
Usd Market Cap117855793.040+42%68481800.53564434154.178+6%63832477.016+7%60936292.079+12%60936292.079+12%
Usd Price Per Share2.529+42%1.4701.383+6%1.370+7%1.308+12%1.308+12%
Usd Profit--2731144.1002216392.125+23%1233869.475+121%1722730.331+59%1722730.331+59%
Usd Revenue--11300145.10011569027.750-2%11670111.100-3%10763574.015+5%10763574.015+5%
Usd Total Gains Per Share--0.0710.024+194%0.124-42%0.131-46%0.131-46%
 EOD+5 -3MRQTTM+20 -13YOY+18 -175Y+19 -1610Y+19 -16

3.2. Fundamental Score

Let's check the fundamental score of Axis Corporation based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1510.788
Price to Book Ratio (EOD)Between0-13.126
Net Profit Margin (MRQ)Greater than00.242
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.179
Current Ratio (MRQ)Greater than11.811
Debt to Asset Ratio (MRQ)Less than10.523
Debt to Equity Ratio (MRQ)Less than11.098
Return on Equity (MRQ)Greater than0.150.072
Return on Assets (MRQ)Greater than0.050.035
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Axis Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5063.024
Ma 20Greater thanMa 5077.915
Ma 50Greater thanMa 10071.108
Ma 100Greater thanMa 20066.189
OpenGreater thanClose80.800
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in TWD. All numbers in thousands.

Summary
Total Assets2,527,524
Total Liabilities1,323,021
Total Stockholder Equity1,204,503
 As reported
Total Liabilities 1,323,021
Total Stockholder Equity+ 1,204,503
Total Assets = 2,527,524

Assets

Total Assets2,527,524
Total Current Assets2,175,238
Long-term Assets352,286
Total Current Assets
Cash And Cash Equivalents 548,705
Short-term Investments 1,122,141
Net Receivables 294,389
Inventory 181,298
Other Current Assets 1,430
Total Current Assets  (as reported)2,175,238
Total Current Assets  (calculated)2,147,963
+/- 27,275
Long-term Assets
Property Plant Equipment 152,240
Long-term Assets Other 2,836
Long-term Assets  (as reported)352,286
Long-term Assets  (calculated)155,076
+/- 197,210

Liabilities & Shareholders' Equity

Total Current Liabilities1,201,111
Long-term Liabilities121,910
Total Stockholder Equity1,204,503
Total Current Liabilities
Short Long Term Debt 867,848
Accounts payable 121,015
Other Current Liabilities 12,700
Total Current Liabilities  (as reported)1,201,111
Total Current Liabilities  (calculated)1,001,563
+/- 199,548
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt1,935
Long-term Liabilities Other 2,708
Long-term Liabilities  (as reported)121,910
Long-term Liabilities  (calculated)4,643
+/- 117,267
Total Stockholder Equity
Retained Earnings 349,230
Total Stockholder Equity (as reported)1,204,503
Total Stockholder Equity (calculated)349,230
+/- 855,273
Other
Capital Stock469,007
Common Stock Shares Outstanding 46,601
Net Debt 319,143
Net Invested Capital 2,072,351
Net Working Capital 974,127
Property Plant and Equipment Gross 152,240



Balance Sheet

Currency in TWD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-30
> Total Assets 
1,545,978
1,604,996
1,832,838
1,934,347
1,923,310
1,970,718
2,063,166
2,021,976
2,156,258
2,215,374
2,185,924
2,308,629
2,527,524
2,527,5242,308,6292,185,9242,215,3742,156,2582,021,9762,063,1661,970,7181,923,3101,934,3471,832,8381,604,9961,545,978
   > Total Current Assets 
1,255,002
1,318,837
1,540,906
1,642,109
1,632,051
1,641,522
1,733,950
1,682,511
1,808,955
1,870,708
1,837,750
1,964,071
2,175,238
2,175,2381,964,0711,837,7501,870,7081,808,9551,682,5111,733,9501,641,5221,632,0511,642,1091,540,9061,318,8371,255,002
       Cash And Cash Equivalents 
448,340
484,691
417,834
371,073
211,252
215,970
425,808
407,933
734,793
547,338
614,384
835,357
548,705
548,705835,357614,384547,338734,793407,933425,808215,970211,252371,073417,834484,691448,340
       Short-term Investments 
431,519
440,617
710,562
891,864
974,114
915,956
787,469
742,589
512,267
775,496
730,923
603,901
1,122,141
1,122,141603,901730,923775,496512,267742,589787,469915,956974,114891,864710,562440,617431,519
       Net Receivables 
230,719
244,329
236,187
216,594
244,956
288,180
290,000
288,177
295,816
306,396
254,260
286,327
294,389
294,389286,327254,260306,396295,816288,177290,000288,180244,956216,594236,187244,329230,719
       Inventory 
113,802
122,923
146,986
139,357
176,926
198,085
201,933
214,570
240,210
218,860
212,475
213,870
181,298
181,298213,870212,475218,860240,210214,570201,933198,085176,926139,357146,986122,923113,802
       Other Current Assets 
5,070
58,719
58,896
1,605
1,551
1,330
1,835
1,791
1,705
1,575
1,794
1,617
1,430
1,4301,6171,7941,5751,7051,7911,8351,3301,5511,60558,89658,7195,070
   > Long-term Assets 
290,976
286,159
291,932
292,238
291,259
329,196
329,216
339,465
347,303
344,666
348,174
344,558
352,286
352,286344,558348,174344,666347,303339,465329,216329,196291,259292,238291,932286,159290,976
       Property Plant Equipment 
144,901
142,724
143,777
140,363
138,185
140,059
141,448
141,974
145,657
143,575
145,755
145,925
152,240
152,240145,925145,755143,575145,657141,974141,448140,059138,185140,363143,777142,724144,901
       Other Assets 
104,784
105,621
110,574
114,491
115,707
118,327
116,804
126,536
130,512
130,010
131,336
127,678
0
0127,678131,336130,010130,512126,536116,804118,327115,707114,491110,574105,621104,784
> Total Liabilities 
639,984
659,990
830,565
971,130
928,632
891,560
887,351
1,059,644
1,096,313
1,094,412
1,031,541
1,210,344
1,323,021
1,323,0211,210,3441,031,5411,094,4121,096,3131,059,644887,351891,560928,632971,130830,565659,990639,984
   > Total Current Liabilities 
549,393
570,935
736,587
876,128
834,018
796,365
788,706
953,931
976,987
976,247
917,109
1,092,930
1,201,111
1,201,1111,092,930917,109976,247976,987953,931788,706796,365834,018876,128736,587570,935549,393
       Short Long Term Debt 
263,976
254,154
402,299
452,417
491,491
462,674
502,801
442,212
607,212
567,770
567,811
642,118
867,848
867,848642,118567,811567,770607,212442,212502,801462,674491,491452,417402,299254,154263,976
       Accounts payable 
170,342
181,622
192,831
166,025
176,298
149,917
112,780
131,467
137,473
161,991
136,568
122,856
121,015
121,015122,856136,568161,991137,473131,467112,780149,917176,298166,025192,831181,622170,342
       Other Current Liabilities 
86,843
82,697
96,354
210,310
118,817
101,927
102,897
309,399
157,937
166,041
144,597
245,627
12,700
12,700245,627144,597166,041157,937309,399102,897101,927118,817210,31096,35482,69786,843
   > Long-term Liabilities 
90,591
89,055
93,978
95,002
94,614
95,195
98,645
105,713
119,326
118,165
114,432
117,414
121,910
121,910117,414114,432118,165119,326105,71398,64595,19594,61495,00293,97889,05590,591
       Capital Lease Obligations Min Short Term Debt
4,302
3,785
3,268
2,750
2,230
5,561
5,046
4,531
4,014
3,496
2,977
2,456
1,935
1,9352,4562,9773,4964,0144,5315,0465,5612,2302,7503,2683,7854,302
       Other Liabilities 
88,357
87,338
92,459
93,670
93,470
91,588
95,553
103,136
117,266
116,753
113,551
116,858
0
0116,858113,551116,753117,266103,13695,55391,58893,47093,67092,45987,33888,357
> Total Stockholder Equity
905,994
945,006
1,002,273
963,217
994,678
1,079,158
1,175,815
962,332
1,059,945
1,120,962
1,154,383
1,098,285
1,204,503
1,204,5031,098,2851,154,3831,120,9621,059,945962,3321,175,8151,079,158994,678963,2171,002,273945,006905,994
   Common Stock
469,007
469,007
469,007
469,007
469,007
469,007
469,007
469,007
469,007
469,007
469,007
469,007
0
0469,007469,007469,007469,007469,007469,007469,007469,007469,007469,007469,007469,007
   Retained Earnings 
446,587
485,113
543,886
512,681
544,498
592,716
673,011
455,459
534,419
608,552
642,596
590,605
349,230
349,230590,605642,596608,552534,419455,459673,011592,716544,498512,681543,886485,113446,587
   Accumulated Other Comprehensive Income 0000000000000
   Capital Surplus 0000000000000
   Treasury Stock0000000000000



Balance Sheet

Currency in TWD. All numbers in thousands.




Cash Flow

Currency in TWD. All numbers in thousands.




Income Statement

Currency in TWD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue1,478,470
Cost of Revenue-984,016
Gross Profit494,454494,454
 
Operating Income (+$)
Gross Profit494,454
Operating Expense-1,284,812
Operating Income193,658-790,358
 
Operating Expense (+$)
Research Development12,543
Selling General Administrative298,144
Selling And Marketing Expenses-
Operating Expense1,284,812310,687
 
Net Interest Income (+$)
Interest Income39,617
Interest Expense-11,048
Other Finance Cost-0
Net Interest Income28,569
 
Pretax Income (+$)
Operating Income193,658
Net Interest Income28,569
Other Non-Operating Income Expenses-
Income Before Tax (EBT)354,107193,658
EBIT - interestExpense = -11,048
283,245
294,293
Interest Expense11,048
Earnings Before Interest and Taxes (EBIT)-365,155
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax354,107
Tax Provision-70,862
Net Income From Continuing Ops283,245283,245
Net Income283,245
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net--28,569
 

Technical Analysis of Axis
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Axis. The general trend of Axis is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Axis's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Axis Corporation.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 88.90.

The bearish price targets are: 73.00 > 68.40 > 67.00.

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Axis Corporation Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Axis Corporation. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Axis Corporation Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Axis Corporation. The current macd is 2.17570621.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Axis price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Axis. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Axis price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Axis Corporation Daily Moving Average Convergence/Divergence (MACD) ChartAxis Corporation Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Axis Corporation. The current adx is 28.94.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Axis shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Axis Corporation Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Axis Corporation. The current sar is 73.00.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Axis Corporation Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Axis Corporation. The current rsi is 63.02. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Axis Corporation Daily Relative Strength Index (RSI) ChartAxis Corporation Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Axis Corporation. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Axis price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
Axis Corporation Daily Stochastic Oscillator ChartAxis Corporation Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Axis Corporation. The current cci is 118.09.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Axis Corporation Daily Commodity Channel Index (CCI) ChartAxis Corporation Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Axis Corporation. The current cmo is 31.43.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Axis Corporation Daily Chande Momentum Oscillator (CMO) ChartAxis Corporation Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Axis Corporation. The current willr is -20.40816327.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Axis is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Axis Corporation Daily Williams %R ChartAxis Corporation Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Axis Corporation.

Axis Corporation Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Axis Corporation. The current atr is 2.6208849.

Axis Corporation Daily Average True Range (ATR) ChartAxis Corporation Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Axis Corporation. The current obv is 11,976,952.

Axis Corporation Daily On-Balance Volume (OBV) ChartAxis Corporation Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Axis Corporation. The current mfi is 74.67.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Axis Corporation Daily Money Flow Index (MFI) ChartAxis Corporation Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Axis Corporation.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-10-31RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-02STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-09RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-13SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-05WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-07MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-13ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-14RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-15ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-25MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-26STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-03ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-10WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-22ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-23ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-26ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-27RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-14CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-27WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-28SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside

6.3. Candlestick Patterns

Axis Corporation Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Axis Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5063.024
Ma 20Greater thanMa 5077.915
Ma 50Greater thanMa 10071.108
Ma 100Greater thanMa 20066.189
OpenGreater thanClose80.800
Total4/5 (80.0%)
Penke

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