AXOGEN INC (AXGN) Stock Technical Analysis
USA - NASDAQ:AXGN - US05463X1063 - Common Stock
16.97 USD
+0.38 (+2.29%)
16.97 USD
0 (0%)
We assign a technical rating of 8 out of 10 to AXGN. Both in the recent history as in the last year, AXGN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
AXGN is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry. AXGN outperforms 84% of them.
AXGN has an average volume of 1032970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that AXGN is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
AXGN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AXGN is lagging the market.
In the last month AXGN has a been trading in the 15.27 - 18.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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 17.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.99, a Stop Loss order could be placed below this zone.
More info and screens
10.86
18.06
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.91 to 15.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.40 to 15.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @10.97 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.67 to 17.88. 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 | UP | POSITIVE | The short term trend for AXGN is up. |
| ChartMill Relative Strength | 85.41 | POSITIVE | AXGN has a high relative strength, it outperformed 85.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AXGN is above a declining 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) | 54.34 | NEUTRAL | The RSI value for AXGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests AXGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.41 | NEUTRAL | The Stochastics value for AXGN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for AXGN suggests some volalility. |
| Average Directional Index/ADX (14) | 22.23 | NEUTRAL | The ADX value for AXGN suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 17.89 | 15.90 | 1.99 (11.12%) | 8.99% |
| An entry @17.89. This is a Buy Stop order right above the resistance zone. | An exit @15.90. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.99 points, which is 11.12%. | For a 1.00% total portfolio risk, you can invest 8.99% of your capital in this trade. |
- 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.
16.97
+0.38 (+2.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.29%
1 Week8.85%
2 Weeks-1.11%
1 Month-3.58%
3 Month26.93%
6 Month3.48%
12 Month27.5%
2 Year351.33%
3 Year48.6%
5 Year34.58%
10 Year264.95%
15 YearN/A
Volatility
ATR(14)0.79
ATR(20)%4.31%
ATR Inc-29.1%
Range Today0.52
ADR(20)0.71
ADR(20)%4.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.41
Mansfield0.08
10 Day High17.5
10 Day Low15.27
20 Day High18.64
20 Day Low15.27
52 Week High21
52 Week Low9.22
CS1 End15.99
CR1 Start17.67
Volume & EV
DER(3)2.43%
DER(5)0.46%
Volume486.90K
Volume Incr-32.33%
Vol(5)610.58K
Vol(50)1.03M