AXOGEN INC (AXGN) Stock Technical Analysis
NASDAQ:AXGN - Nasdaq - US05463X1063 - Common Stock - Currency: USD
Taking everything into account, AXGN scores 6 out of 10 in our technical rating. AXGN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
AXGN is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. AXGN outperforms 76% of them.
In the last month AXGN has a been trading in the 10.50 - 13.86 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, AXGN did better than 75% of all other 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AXGN has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
10.05
13.60
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.88 to 11.90. 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 11.16 to 11.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @10.15 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 13.38 to 13.47. 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 | NEUTRAL | NEUTRAL | The long term trend for AXGN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXGN is up. |
| ChartMill Relative Strength | 75.86 | POSITIVE | AXGN has a high relative strength, it outperformed 75.86% 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) | DOWN | NEGATIVE | The current price of AXGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.15 | NEUTRAL | The RSI value for AXGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests AXGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.17 | OVERBOUGHT | The high Stochastics value suggests AXGN may be overbought. |
| Average True Range in percent/ATR (20) | 4.98 | MEDIUM VOLATILITY | The ATR as a percentage value for AXGN suggests some volalility. |
| Average Directional Index/ADX (14) | 31.09 | POSITIVE | The high ADX value value for AXGN suggests a strong 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)
12.99
-0.38 (-2.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.84%
1 Week11.89%
2 Weeks8.07%
1 Month23.71%
3 Month-24.17%
6 Month-28.67%
12 Month60.37%
2 Year50.35%
3 Year39.38%
5 Year14.25%
10 Year278.72%
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%4.98%
ATR Inc18.43%
Range Today0.96
ADR(20)0.65
ADR(20)%4.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.86
Mansfield-1.75
10 Day High13.86
10 Day Low11.25
20 Day High13.86
20 Day Low10.5
52 Week High21
52 Week Low7.34
CS1 End11.9
CR1 Start13.38
Volume & EV
DER(3)0.6%
DER(5)1.49%
Volume3.01M
Volume Incr102.76%
Vol(5)1.70M
Vol(50)793.06K