Abraxas Petro Corp (AXAS) Technical Analysis
NASDAQ:AXAS
Current stock price
AXAS Technical Rating and Analysis
Overall AXAS gets a technical rating of 0 out of 10. AXAS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 96% of all other stocks performed better in the past year than AXAS.
- AXAS is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 91% of 209 stocks in the same industry do better.
- AXAS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month AXAS has a been trading in the 1.84 - 3.36 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
AXAS Weekly and Daily overview Charts
AXAS Setup Rating and Analysis
The technical rating of AXAS is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
AXAS Support and Resistance Analysis
1.82
We can see 3 important resistance areas.
- Resistance @3.05 from a trend line in the weekly time frame.
- Resistance @3.16 from a trend line in the weekly time frame.
- Resistance @3.45 from a trend line in the daily time frame.
AXAS 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 | DOWN | NEGATIVE | The long term trend for AXAS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AXAS is down. |
| ChartMill Relative Strength | 4.53 | NEGATIVE | AXAS has a low relative strength, it was outperformed by 95.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AXAS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AXAS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AXAS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.29 | NEUTRAL | The RSI value for AXAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests AXAS has a negative trend. |
| Stochastics (14,3) | 4.69 | OVERSOLD | The low Stochastics value suggests AXAS may be oversold. |
| Average True Range in percent/ATR (20) | 11.86 | HIGH VOLATILITY | The high ATR as a percentage value for AXAS suggests high volalility. |
AXAS Chart- and CandleStick Pattern Analysis
AXAS Technicals: Chart, Performance Metrics, Trend & Indicators
1.84
-0.1 (-5.15%)
Abraxas Petro Corp / AXAS TA FAQ
What is the technical rating for AXAS stock?
ChartMill assigns a technical rating of 0 / 10 to AXAS.
Can you provide the trend direction for Abraxas Petro Corp?
The current trend direction for Abraxas Petro Corp (AXAS) is Bearish.
Can you provide the RSI signal for Abraxas Petro Corp?
Abraxas Petro Corp (AXAS) has an RSI value of 30.2885. This indicates that the stock is currently neutral.
What is the MACD signal for Abraxas Petro Corp (AXAS) stock?
The MACD indicator for Abraxas Petro Corp (AXAS) has a value of -0.0592559, indicating a bearish trend.
What is the buy/sell signal for Abraxas Petro Corp (AXAS) stock?
The buy/sell signal for Abraxas Petro Corp (AXAS) is sell as both the short term and long term trends are negative.