Axonics Inc (AXNX) Stock Technical Analysis
NASDAQ:AXNX • US05465P1012
We assign a technical rating of 7 out of 10 to AXNX. Although AXNX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- AXNX is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 81% of 185 stocks in the same industry.
- AXNX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- When compared to the yearly performance of all other stocks, AXNX outperforms 65% of them, which is more or less in line with the market.
- 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 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 technical rating for AXNX stock?
ChartMill assigns a technical rating of 7 / 10 to AXNX.
Can you provide the trend direction for Axonics Inc?
The current trend direction for Axonics Inc (AXNX) is Bullish.
What is the RSI signal for Axonics Inc (AXNX) stock?
Axonics Inc (AXNX) has an RSI value of 79.3525. This indicates that the stock is currently overbought.
What is the short term momentum for AXNX stock?
The short term momentum for Axonics Inc (AXNX) is positive.
What is the support and resistance level for AXNX stock?
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.