AXOGEN INC (AXGN) Technical Analysis
NASDAQ:AXGN • US05463X1063
Current stock price
AXGN Technical Rating and Analysis
Taking everything into account, AXGN scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AXGN is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, AXGN did better than 91% of all other stocks. We also observe that the gains produced by AXGN over the past year are nicely spread over this period.
- AXGN is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 97% of 188 stocks in the same industry.
- AXGN is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AXGN is leading the market.
- In the last month AXGN has a been trading in the 27.54 - 34.55 range, which is quite wide. It is currently trading near the high of this range.
- AXGN has an average volume of 1024250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AXGN Weekly and Daily overview Charts
AXGN Setup Rating and Analysis
Although AXGN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
AXGN Support and Resistance Analysis
29.06
When analyzing the support we can see 3 important areas.
- A support zone ranging from 30.58 to 31.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.82 from a trend line in the daily time frame.
- Support @29.35 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.31 to 35.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
AXGN 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 AXGN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXGN is up. |
| ChartMill Relative Strength | 91.52 | POSITIVE | AXGN has a high relative strength, it outperformed 91.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AXGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AXGN is above 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) | 60.65 | NEUTRAL | The RSI value for AXGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests AXGN has a positive trend. |
| Stochastics (14,3) | 85.49 | OVERBOUGHT | The high Stochastics value suggests AXGN may be overbought. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for AXGN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.96 | NEGATIVE | The low ADX value for AXGN suggests a weak or negative trend. |
AXGN Chart- and CandleStick Pattern Analysis
AXGN Technicals: Chart, Performance Metrics, Trend & Indicators
34.44
+0.86 (+2.56%)
AXOGEN INC / AXGN TA FAQ
What is the technical rating for AXGN stock?
ChartMill assigns a technical rating of 10 / 10 to AXGN.
What is the trend direction for AXGN stock?
The current trend direction for AXOGEN INC (AXGN) is Bullish.
Can you provide the RSI signal for AXOGEN INC?
AXOGEN INC (AXGN) has an RSI value of 60.6491. This indicates that the stock is currently neutral.
What is the MACD signal for AXGN stock?
The MACD indicator for AXOGEN INC (AXGN) has a value of 0.31864, indicating a bearish trend.
Can you provide the support and resistance levels for AXOGEN INC?
AXOGEN INC (AXGN) has a support level at 31.04 and a resistance level at 35.31. Check the full technical report for our detailed analysis of AXGN support and resistance levels.