AXON ENTERPRISE INC (AXON) Stock Technical Analysis
USA - NASDAQ:AXON - US05464C1018 - Common Stock
Overall AXON gets a technical rating of 7 out of 10. Although AXON has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
AXON has an excellent technical rating, but the quality of the setup is only medium 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.
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651.75
3 important support areas can be observed.
- A support zone ranging from 727.82 to 731.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 670.67 to 672.65. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @658.33 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @759.45 from a horizontal line in the daily time frame.
- A resistance zone ranging from 774.54 to 781.90. 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 AXON is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXON is up. |
| ChartMill Relative Strength | 87.44 | POSITIVE | AXON has a high relative strength, it outperformed 87.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AXON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AXON is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AXON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.46 | NEUTRAL | The RSI value for AXON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 7.03 | POSITIVE | The MACD value suggests AXON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.67 | OVERBOUGHT | The high Stochastics value suggests AXON may be overbought. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for AXON suggests some volalility. |
| Average Directional Index/ADX (14) | 18.08 | NEGATIVE | The low ADX value for AXON suggests a weak or negative trend. |
732.23
-6.65 (-0.9%)
AXON ENTERPRISE INC / AXON FAQ
Can you provide the ChartMill technical rating for AXON ENTERPRISE INC?
ChartMill assigns a technical rating of 7 / 10 to AXON.
Can you provide the trend direction for AXON ENTERPRISE INC?
The current trend direction for AXON ENTERPRISE INC (AXON) is Bearish.
Can you provide the RSI signal for AXON ENTERPRISE INC?
AXON ENTERPRISE INC (AXON) has an RSI value of 52.4566. This indicates that the stock is currently neutral.
What is the MACD signal for AXON stock?
The MACD indicator for AXON ENTERPRISE INC (AXON) has a value of 7.02708, indicating a bullish trend.
What is the support and resistance level for AXON stock?
AXON ENTERPRISE INC (AXON) has a support level at 731.43 and a resistance level at 759.45. Check the full technical report for our detailed analysis of AXON support and resistance levels.