AXOGEN INC (AXGN) Stock Technical Analysis
NASDAQ:AXGN • US05463X1063
We assign a technical rating of 7 out of 10 to AXGN. In the last year, AXGN was one of the better performers, but we do observe some doubts in the very recent evolution.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- When comparing the yearly performance of all stocks, we notice that AXGN is one of the better performing stocks in the market, outperforming 87% of all stocks.
- AXGN is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 90% of 185 stocks in the same industry.
- AXGN 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 AXGN is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- In the last month AXGN has a been trading in the 29.00 - 36.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, AXGN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 35.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.89, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
22.68
We found 2 important support areas.
- A support zone ranging from 31.22 to 31.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.91 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.21 to 35.39. 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 | UP | POSITIVE | The long term trend for AXGN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AXGN is down. |
| ChartMill Relative Strength | 87.13 | POSITIVE | AXGN has a high relative strength, it outperformed 87.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AXGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AXGN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AXGN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.93 | NEUTRAL | The RSI value for AXGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests AXGN has a negative trend. |
| Stochastics (14,3) | 41.7 | NEUTRAL | The Stochastics value for AXGN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.89 | HIGH VOLATILITY | The high ATR as a percentage value for AXGN suggests high volalility. |
| Average Directional Index/ADX (14) | 19.84 | NEGATIVE | The low ADX value for AXGN suggests a weak or negative 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 |
|---|---|---|---|
| 33.71 | 31.21 | 2.50 (7.43%) | 13.46% |
| An entry @33.71. This is a Buy Stop order right above the 10 day moving average. | An exit @31.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.50 points, which is 7.43%. | When investing 13.46% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of AXGN. 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.
31.9
+0.68 (+2.18%)
AXOGEN INC / AXGN FAQ
What is the technical rating for AXGN stock?
ChartMill assigns a technical rating of 7 / 10 to AXGN.
What is the trend direction for AXGN stock?
The current trend direction for AXOGEN INC (AXGN) is Bullish.
What is the RSI signal for AXGN stock?
AXOGEN INC (AXGN) has an RSI value of 42.9266. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AXOGEN INC?
The MACD indicator for AXOGEN INC (AXGN) has a value of -0.413466, indicating a bearish trend.
What is the short term momentum for AXOGEN INC (AXGN) stock?
The short term momentum for AXOGEN INC (AXGN) is negative.