By Mill Chart
Last update: Jun 5, 2024
Exploring Growth Potential: AXON ENTERPRISE INC (NASDAQ:AXON) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and AXON ENTERPRISE INC has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected AXON ENTERPRISE INC on our screen for growth with base formation, suggesting it merits a closer look.
ChartMill assigns a Growth Rating to each stock, ranging from 0 to 10. This rating is determined by analyzing different growth elements, including EPS and revenue growth, spanning both historical and future figures. In the case of NASDAQ:AXON, the assigned 9 reflects its growth potential:
ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NASDAQ:AXON, the assigned 7 for health provides valuable insights:
ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NASDAQ:AXON has earned a 7 out of 10:
Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NASDAQ:AXON this score is currently 7:
Although the technical rating is only medium, AXON does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 288.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 276.21, a Stop Loss order could be placed below this zone.
Our Strong Growth screener lists more Strong Growth stocks and is updated daily.
Check the latest full fundamental report of AXON for a complete fundamental analysis.
For an up to date full technical analysis you can check the technical report of AXON
This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.
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AXON ENTERPRISE INC (NASDAQ:AXON) combines strong earnings momentum with a high technical rating, making it a candidate for growth investors. The stock shows breakout potential with solid support and resistance levels.
AXON ENTERPRISE INC (NASDAQ:AXON) meets key CANSLIM criteria with strong earnings growth, high relative strength, and solid technical momentum. A detailed look at its fundamentals and technicals.