ARROW EXPLORATION CORP (AXL.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:AXL - CA04274P1053 - Common Stock
We assign a technical rating of 7 out of 10 to AXL. In the last year, AXL was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 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.
- In the last month AXL has a been trading in the 0.23 - 0.33 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, AXL outperforms 47% of them, which is more or less in line with the market.
- AXL is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, AXL did better than 52% of them.
- AXL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AXL is lagging the market.
- Volume is considerably higher in the last couple of days.
Although AXL has an excellent technical rating, it does not present a decent entry opportunity 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
0.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.25 to 0.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.20 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.32 to 0.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.36 from a trend line in the weekly time frame.
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 AXL.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXL.CA is up. |
| ChartMill Relative Strength | 47.79 | NEUTRAL | AXL.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AXL.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AXL.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AXL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.5 | NEUTRAL | The RSI value for AXL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AXL.CA has a positive trend. |
| Stochastics (14,3) | 64.52 | NEUTRAL | The Stochastics value for AXL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.02 | HIGH VOLATILITY | The high ATR as a percentage value for AXL.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 44.24 | POSITIVE | The high ADX value value for AXL.CA suggests a strong trend. |
TSX-V:AXL (1/28/2026, 7:00:00 PM)
0.31
+0.02 (+6.9%)
ARROW EXPLORATION CORP / AXL.CA FAQ
Can you provide the ChartMill technical rating for ARROW EXPLORATION CORP?
ChartMill assigns a technical rating of 7 / 10 to AXL.CA.
What is the trend direction for AXL stock?
The current trend direction for ARROW EXPLORATION CORP (AXL.CA) is Bearish.
What is the RSI signal for AXL stock?
ARROW EXPLORATION CORP (AXL.CA) has an RSI value of 64.5007. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ARROW EXPLORATION CORP?
The short term momentum for ARROW EXPLORATION CORP (AXL.CA) is positive.
Can you provide the support and resistance levels for ARROW EXPLORATION CORP?
ARROW EXPLORATION CORP (AXL.CA) has a support level at 0.25 and a resistance level at 0.32. Check the full technical report for our detailed analysis of AXL.CA support and resistance levels.