The USD 20.24 support area, currently tested, might facilitate a technical rebound. The company’s fundamentals could validate this scenario.
From a fundamental viewpoint, the company seems undervalued relatively to its peers with an EV/Sales ratio of 0.65.
In the recent months, the earnings estimates for the next year are regularly upward revised by analysts.
After several weeks of horizontal fluctuations within the mid-term range USD 20.24 / 22.6, the stock is coming back close to the lower limit of the range.
Moving averages are flat and technical indicators illustrate the oversold situation. The USD 20.24 area could cause a positive reaction for the coming trading sessions and allow a technical rebound towards the USD 22.6 mid-term resistance.
Thanks to the technical pattern and American Axle strong fundamentals, active investors can open long positions above USD 20.2. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goal will be fixed at USD 22.6 in a first time.
However, a bearish trend would regain the upper hand if the security crosses USD 20.2.
American Axle & Manufacturing Holdings, Inc. is an automotive and mobility supplier. The Company designs, engineers and manufactures driveline and metal forming technologies to support electric, hybrid and internal combustion vehicles. The Company operates through two segments: Driveline and Metal Forming. Driveline products consist primarily of front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles (SUVs), crossover utility vehicles (CUVs), passenger cars and commercial vehicles. Its Metal Forming products consist primarily of engine, transmission, driveline and safety-critical components for traditional internal combustion engine and electric vehicle architectures including light vehicles, commercial vehicles, and off-highway vehicles, as well as products for industrial markets.
AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. 
