Valued at $4.7 billion, Axos Financial Inc. (AX) is the holding company for Axos Bank, which provides financing for single and multifamily residential properties, small and medium businesses, and selected specialty finance receivables. Since Trend Seeker signaled a buy on May 2, the stock has gained 23.2%, observes Jim Van Meerten, analyst at Barchart.
I originally sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. AX checks those boxes.
Axos shares hit a new year-to-date high on July 7, touching $84.65 in intraday trading. However, shares remain just off their 52-week high of $88.46 set in November 2024.
Overall, Axos has an 88% technical “Buy” signal. It has a Weighted Alpha of +38.85. Axos is trading above its 20-, 50- and 100-day moving averages. The stock has made 11 new highs and gained 17.3% in the last month. The Relative Strength Index is at 76.4%. Technical support is at $82.09.
That said, it looks like Wall Street analysts have very mixed feelings. The Wall Street analysts tracked by Barchart issued three “Strong Buy,” two “Moderate Buys,” and one “Hold” opinion on the stock. Value Line gives the stock its above-average rating. But CFRA’s MarketScope rates the stock a “Hold.” MorningStar thinks the stock is 10% overvalued.
