ANNEXON INC (ANNX) Technical Analysis
NASDAQ:ANNX • US03589W1027
Current stock price
ANNX Technical Rating and Analysis
Taking everything into account, ANNX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ANNX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, ANNX did better than 95% of all other stocks. We also observe that the gains produced by ANNX over the past year are nicely spread over this period.
- ANNX is one of the better performing stocks in the Biotechnology industry, it outperforms 86% of 516 stocks in the same industry.
- ANNX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ANNX is lagging the market slightly.
- ANNX has an average volume of 2697190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ANNX has a been trading in the 5.46 - 6.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ANNX Weekly and Daily overview Charts
ANNX Setup Rating and Analysis
Besides having an excellent technical rating, ANNX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 5.65, a Stop Loss order could be placed below this zone.
More info and screens
ANNX Support and Resistance Analysis
3.14
5 important support areas can be observed.
- A support zone ranging from 5.53 to 5.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.22 from a trend line in the daily time frame.
- A support zone ranging from 4.95 to 4.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.80 from a horizontal line in the daily time frame.
- Support @3.17 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.47 to 6.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
ANNX Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ANNX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ANNX is neutral. |
| ChartMill Relative Strength | 95.26 | POSITIVE | ANNX has a high relative strength, it outperformed 95.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ANNX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ANNX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ANNX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.67 | NEUTRAL | The RSI value for ANNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ANNX has a negative trend. |
| Stochastics (14,3) | 11.89 | OVERSOLD | The low Stochastics value suggests ANNX may be oversold. |
| Average True Range in percent/ATR (20) | 5.77 | HIGH VOLATILITY | The high ATR as a percentage value for ANNX suggests high volalility. |
| Average Directional Index/ADX (14) | 18.82 | NEGATIVE | The low ADX value for ANNX suggests a weak or negative trend. |
ANNX Chart- and CandleStick Pattern Analysis
ANNX Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.05 | 5.72 | 0.34 (5.60%) | 17.86% |
| An entry @6.05. This is a Buy Stop order right above the 10 day moving average. | An exit @5.71. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.34 points, which is 5.60%. | For a 1.00% total portfolio risk, you can invest 17.86% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ANNX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ANNX Technicals: Chart, Performance Metrics, Trend & Indicators
5.75
-0.12 (-2.04%)
ANNEXON INC / ANNX TA FAQ
What is the technical rating for ANNX stock?
ChartMill assigns a technical rating of 10 / 10 to ANNX.
What is the current trend direction of ANNEXON INC (ANNX) stock?
The current trend direction for ANNEXON INC (ANNX) is Bullish.
What is the RSI signal for ANNX stock?
ANNEXON INC (ANNX) has an RSI value of 46.6743. This indicates that the stock is currently neutral.
What is the MACD signal for ANNEXON INC (ANNX) stock?
The MACD indicator for ANNEXON INC (ANNX) has a value of -0.0634455, indicating a bearish trend.
What are the support and resistance levels for ANNEXON INC (ANNX) stock?
ANNEXON INC (ANNX) has a support level at 5.65 and a resistance level at 6.47. Check the full technical report for our detailed analysis of ANNX support and resistance levels.