AXON ENTERPRISE INC (AXON) Stock Technical Analysis
NASDAQ:AXON - Nasdaq - US05464C1018 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to AXON. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AXON is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, AXON did better than 96% of all other stocks. We also observe that the gains produced by AXON over the past year are nicely spread over this period.
AXON is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 98% of 503 stocks in the same industry.
AXON is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month AXON has a been trading in the 746.90 - 830.21 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Besides having an excellent technical rating, AXON also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 787.20, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
534.51
803.43
When analyzing the support we can see 3 important areas.
- A support zone ranging from 774.54 to 793.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @573.19 from a trend line in the weekly time frame.
- Support @539.91 from a trend line in the daily 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 | UP | POSITIVE | The long term trend for AXON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXON is up. |
| ChartMill Relative Strength | 96.97 | POSITIVE | AXON has a high relative strength, it outperformed 96.97% 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) | UP | POSITIVE | The current price of AXON is above the rising 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) | 57.8 | NEUTRAL | The RSI value for AXON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.42 | NEGATIVE | The MACD value suggests AXON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.06 | NEUTRAL | The Stochastics value for AXON is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for AXON suggests some volalility. |
| Average Directional Index/ADX (14) | 17.31 | NEGATIVE | The low ADX value for AXON suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 830.22 | 777.30 | 52.92 (6.37%) | 15.69% |
| An entry @830.22. This is a Buy Stop order right above the 10 day high. | An exit @777.30. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 52.92 points, which is 6.37%. | When investing 15.69% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
795.48
+20.93 (+2.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg2.7%
1 Week-1.05%
2 Weeks3.2%
1 Month1.98%
3 Month60.01%
6 Month32.35%
12 Month166.6%
2 Year327.84%
3 Year621.92%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)23.83
ATR(20)%3%
ATR Inc5.73%
Range Today17.89
ADR(20)23.29
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.97
Mansfield3.34
10 Day High830.21
10 Day Low756.72
20 Day High830.21
20 Day Low746.9
52 Week High830.21
52 Week Low279.02
CS1 End787.2
CR1 StartN/A
Volume & EV
DER(3)-0.14%
DER(5)-0.06%
Volume268.60K
Volume Incr19.24%
Vol(5)676.31K
Vol(50)591.21K