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$AJAX (Ajax) Price Analysis
Buy, Hold or Sell?

Let's analyze Ajax together

Penke

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

  • 📈 Technical Analysis (TA) – Ajax’s Price Targets

I'm going to help you getting a better view of Ajax. 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.

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Technical Analysis of Ajax
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 Ajax. The general trend of Ajax is BEARISH with 42.9% 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 Ajax'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 (-42.9%) Bearish trend (42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. Ajax Price Targets

1.1 sr

Score

Let's take a look at the sr of Ajax.

  • The price is currently trading around a support level. This can be considered as a potential entry level.
Ajax Daily sr Chart
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2. Trend Indicators

2.1 Moving Averages

Score

Let's take a look at the Moving Averages of Ajax.

  • The SHORT shows a strengthening upward trend.
  • Price action is supported by the SHORT.
  • The SHORT is leading the MEDIUM, indicating positive trend alignment.
  • The SHORT is lagging behind the INTER, indicating weaker trend alignment.
  • The SHORT is lagging behind the LONG, indicating weaker trend alignment.
  • The MEDIUM shows weakening trend behaviour.
  • Price action is supported by the MEDIUM.
  • The MEDIUM is lagging behind the INTER, indicating weaker trend alignment.
  • The MEDIUM is lagging behind the LONG, indicating weaker trend alignment.
  • The INTER shows weakening trend behaviour.
  • Price action is trading under pressure relative to the INTER.
  • The INTER is lagging behind the LONG, indicating weaker trend alignment.
  • The LONG shows weakening trend behaviour.
  • Price action is trading under pressure relative to the LONG.

Directionalities and relatives.

Moving AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

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

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

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Ajax.

  • Momentum is leaning bullish. Buying pressure currently dominates selling pressure, suggesting growing optimism and increased willingness to accumulate Ajax.
  • Overall momentum is positive. Market conditions reflect constructive sentiment, with buyers gradually gaining influence and supporting a favorable environment for Ajax.
  • Momentum is weakening. Bearish pressure is increasing as confidence fades and market participants shift toward defensive positioning.
Ajax Daily Moving Average Convergence/Divergence (MACD) ChartAjax Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

Score

Let's take a look at the Directional Movement Index (DMI) of Ajax.

  • Directional bias favors buyers. Buying pressure currently dominates selling pressure, reflecting constructive sentiment and growing confidence among market participants.
  • Directional bias leans bullish while trend strength is beginning to build, often seen during early stages of trend development.
Ajax Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Score

Let's take a look at the Parabolic SAR of Ajax.

  • Price action is supported by the prevailing trend structure, which is commonly interpreted as a bullish market signal.
Ajax Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Score

Let's take a look at the Relative Strength Index (RSI) of Ajax. The current phase is Correction in bear market.

  • Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Momentum is weakening as selling pressure becomes more pronounced.
Ajax Daily Relative Strength Index (RSI) ChartAjax Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Score

Let's take a look at the Stochastic Oscillator of Ajax. The current phase is Continuation in bear market.

  • Momentum favors sellers, indicating reduced buying interest and growing downside pressure.
  • Momentum is leaning bearish, with selling pressure outweighing buying interest and signaling increased short-term caution for Ajax.
  • Momentum is weakening as selling pressure increases and short-term sentiment deteriorates.
Ajax Daily Stochastic Oscillator ChartAjax Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Score

Let's take a look at the Commodity Channel Index (CCI) of Ajax.

Ajax Daily Commodity Channel Index (CCI) ChartAjax Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Ajax.

  • Momentum is leaning positive, indicating constructive market conditions and increasing upside participation.
Ajax Daily Chande Momentum Oscillator (CMO) ChartAjax Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Score

Let's take a look at the Williams %R of Ajax.

  • Momentum appears balanced, with neither buyers nor sellers showing a clear advantage in the current market environment.
Ajax Daily Williams %R ChartAjax Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Score

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

Ajax Daily Bollinger Bands Chart
4.2 Average True Range (ATR)

Score

Let's take a look at the Average True Range (ATR) of Ajax.

Ajax Daily Average True Range (ATR) ChartAjax Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Score

Let's take a look at the On-Balance Volume (OBV) of Ajax.

Ajax Daily On-Balance Volume (OBV) ChartAjax Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Score

Let's take a look at the Money Flow Index (MFI) of Ajax.

  • Money flow favors buyers, indicating constructive participation and supportive market conditions.
Ajax Daily Money Flow Index (MFI) ChartAjax Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Ajax.

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

6.3. Candlestick Patterns

Ajax Daily Candlestick Chart
DateCandlestick Pattern
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