Axonics Inc (AXNX) Stock Technical Analysis
NASDAQ:AXNX - Nasdaq - US05465P1012 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to AXNX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AXNX is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
AXNX is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 73% of 187 stocks in the same industry.
A new 52 week high is currently being made by AXNX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
When comparing the performance of all stocks over the past year, AXNX turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
In the last month AXNX has a been trading in a tight range between 69.95 and 71.05.
Volume is considerably higher in the last couple of days.
Although AXNX 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
65.81
71.70
We found 3 important support areas.
- A support zone ranging from 69.65 to 70.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 67.76 to 67.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 66.47 to 66.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 70.99 to 70.99. 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 AXNX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXNX is up. |
| ChartMill Relative Strength | 65.53 | NEUTRAL | AXNX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AXNX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AXNX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AXNX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.35 | OVERBOUGHT | The high RSI value suggests AXNX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AXNX has a positive trend. |
| Stochastics (14,3) | 74.17 | NEUTRAL | The Stochastics value for AXNX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.29 | LOW VOLATILITY | The low ATR as a percentage value for AXNX suggests low volalility. |
| Average Directional Index/ADX (14) | 26.53 | POSITIVE | The high ADX value value for AXNX 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)
70.98
+0.53 (+0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.75%
1 Week0.75%
2 Weeks0.97%
1 Month0.97%
3 Month3.12%
6 Month5.08%
12 Month26.1%
2 Year3.65%
3 Year30.45%
5 Year191.02%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%0.29%
ATR Inc86.29%
Range Today0.68
ADR(20)0.2
ADR(20)%0.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.53
Mansfield-0.75
10 Day High71.05
10 Day Low70.28
20 Day High71.05
20 Day Low69.95
52 Week High71.05
52 Week Low55.09
CS1 End70.48
CR1 Start70.99
Volume & EV
DER(3)2.37%
DER(5)1.46%
Volume4.23M
Volume Incr171.96%
Vol(5)1.11M
Vol(50)503.42K