AUGMEDIX INC (AUGX) Stock Technical Analysis
USA - NASDAQ:AUGX - US05105P1075 - Common Stock
Taking everything into account, AUGX scores 6 out of 10 in our technical rating. Although AUGX has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
AUGX has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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We found 2 important support areas.
- A support zone ranging from 2.30 to 2.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.20 to 2.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.36 to 2.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for AUGX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AUGX is up. |
| ChartMill Relative Strength | 90.44 | POSITIVE | AUGX has a high relative strength, it outperformed 90.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AUGX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AUGX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AUGX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 74.05 | OVERBOUGHT | The high RSI value suggests AUGX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AUGX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests AUGX may be overbought. |
| Average True Range in percent/ATR (20) | 0.45 | LOW VOLATILITY | The low ATR as a percentage value for AUGX suggests low volalility. |
| Average Directional Index/ADX (14) | 66.75 | POSITIVE | The high ADX value value for AUGX suggests a strong trend. |
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 |
|---|---|---|---|
| 2.37 | 2.32 | 0.05 (2.11%) | 25.00% |
| An entry @2.37. This is a Buy Stop order right above the resistance zone. | An exit @2.32. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.05 points, which is 2.11%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- 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.
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AUGMEDIX INC / AUGX FAQ
Can you provide the ChartMill technical rating for AUGMEDIX INC?
ChartMill assigns a technical rating of 6 / 10 to AUGX.
What is the trend direction for AUGX stock?
The current trend direction for AUGMEDIX INC (AUGX) is Bearish.
What is the RSI signal for AUGX stock?
AUGMEDIX INC (AUGX) has an RSI value of 74.0539. This indicates that the stock is currently overbought.
What is the short term momentum for AUGX stock?
The short term momentum for AUGMEDIX INC (AUGX) is positive.
Can you provide the buy/sell signal for AUGMEDIX INC?
The buy/sell signal for AUGMEDIX INC (AUGX) is hold as the short term and long term trends are mixed.