AXON ENTERPRISE INC (AXON) Stock Technical Analysis
NASDAQ:AXON • US05464C1018
Taking everything into account, AXON scores 0 out of 10 in our technical rating. AXON scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, AXON is a bad performer in the overall market: 83% of all stocks are doing better.
- AXON is part of the Aerospace & Defense industry. There are 73 other stocks in this industry, of which 80% are performing better than AXON.
- AXON is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month AXON has a been trading in the 396.41 - 622.39 range, which is quite wide. It is currently trading near the lows of this range.
AXON has a poor technical rating and the quality of the setup is also 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.
More info and screens
410.05
We found 1 important support area.
- Support @414.19 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @441.13 from a horizontal line in the daily time frame.
- Resistance @581.39 from a trend line in the daily time frame.
- Resistance @591.16 from a trend line in the weekly time frame.
- Resistance @611.37 from a trend line in the daily time frame.
- Resistance @781.90 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for AXON is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AXON is down. |
| ChartMill Relative Strength | 17.01 | NEGATIVE | AXON has a low relative strength, it was outperformed by 82.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AXON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AXON is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AXON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.28 | NEUTRAL | The RSI value for AXON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.51 | POSITIVE | The MACD value suggests AXON has a positive trend. |
| Stochastics (14,3) | 33.42 | NEUTRAL | The Stochastics value for AXON is a neutral value. |
| Average True Range in percent/ATR (20) | 6.17 | HIGH VOLATILITY | The high ATR as a percentage value for AXON suggests high volalility. |
| Average Directional Index/ADX (14) | 38.98 | POSITIVE | The high ADX value value for AXON suggests a strong trend. |
433.91
-7.21 (-1.63%)
AXON ENTERPRISE INC / AXON FAQ
Can you provide the ChartMill technical rating for AXON ENTERPRISE INC?
ChartMill assigns a technical rating of 0 / 10 to AXON.
What is the current trend direction of AXON ENTERPRISE INC (AXON) stock?
The current trend direction for AXON ENTERPRISE INC (AXON) is Bearish.
What is the RSI signal for AXON ENTERPRISE INC (AXON) stock?
AXON ENTERPRISE INC (AXON) has an RSI value of 33.2796. This indicates that the stock is currently neutral.
Can you provide the short term momentum for AXON ENTERPRISE INC?
The short term momentum for AXON ENTERPRISE INC (AXON) is negative.
Can you provide the support and resistance levels for AXON ENTERPRISE INC?
AXON ENTERPRISE INC (AXON) has a support level at 414.19 and a resistance level at 441.13. Check the full technical report for our detailed analysis of AXON support and resistance levels.