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. Both in the recent history as in the last year, AXON has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that AXON is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, AXON also shows a nice and consistent pattern of rising prices.
AXON is part of the Aerospace & Defense industry. There are 65 other stocks in this industry. AXON outperforms 89% of them.
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 714.00 - 806.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although AXON has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
385.41
786.14
We found 5 important support areas.
- A support zone ranging from 723.74 to 726.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @555.64 from a trend line in the weekly time frame.
- Support @542.65 from a trend line in the daily time frame.
- Support @496.65 from a horizontal line in the daily time frame.
- Support @389.30 from a trend line in the weekly 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 | 97.71 | POSITIVE | AXON has a high relative strength, it outperformed 97.71% 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) | 66.45 | NEUTRAL | The RSI value for AXON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.87 | NEGATIVE | The MACD value suggests AXON has a negative trend. |
| Stochastics (14,3) | 65.78 | NEUTRAL | The Stochastics value for AXON is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for AXON suggests some volalility. |
| Average Directional Index/ADX (14) | 26.34 | POSITIVE | The high ADX value value for AXON 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)
778.36
+15.7 (+2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg2.06%
1 Week-0.21%
2 Weeks3.64%
1 Month7.39%
3 Month39.93%
6 Month20.69%
12 Month166.26%
2 Year298.91%
3 Year735.42%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)22.06
ATR(20)%2.54%
ATR Inc90.78%
Range Today35.88
ADR(20)19.46
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.71
Mansfield4.24
10 Day High806.64
10 Day Low729.14
20 Day High806.64
20 Day Low714
52 Week High806.64
52 Week Low279.02
CS1 End726.12
CR1 StartN/A
Volume & EV
DER(3)-0.62%
DER(5)-1.21%
Volume487.70K
Volume Incr-15.83%
Vol(5)550.58K
Vol(50)615.49K