Axonics Inc (AXNX) Stock Technical Analysis
USA - NASDAQ:AXNX - US05465P1012 - Common Stock
Taking everything into account, AXNX scores 7 out of 10 in our technical rating. 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.
Although AXNX has an excellent technical rating, it does not present a decent entry opportunity 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
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.
We found 1 important resistance 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. |
70.98
+0.53 (+0.75%)
Axonics Inc / AXNX FAQ
What is the ChartMill technical rating of Axonics Inc (AXNX) stock?
ChartMill assigns a technical rating of 7 / 10 to AXNX.
What is the trend direction for AXNX stock?
The current trend direction for Axonics Inc (AXNX) is Bullish.
Can you provide the RSI signal for Axonics Inc?
Axonics Inc (AXNX) has an RSI value of 79.3525. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for Axonics Inc?
The buy/sell signal for Axonics Inc (AXNX) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for Axonics Inc?
Axonics Inc (AXNX) has a support level at 70.48 and a resistance level at 70.99. Check the full technical report for our detailed analysis of AXNX support and resistance levels.