AXON ENTERPRISE INC (AXON) Stock Technical Analysis
NASDAQ:AXON - Nasdaq - US05464C1018 - Common Stock - Currency: USD
Overall AXON gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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 84% of 67 stocks in the same industry.
AXON is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AXON is performing more or less in line with the market.
In the last month AXON has a been trading in the 694.72 - 815.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AXON has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 733.34, a Stop Loss order could be placed below this zone.
More info and screens
400.34
749.89
We found 5 important support areas.
- A support zone ranging from 724.90 to 733.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @705.21 from a horizontal line in the daily time frame.
- Support @596.59 from a trend line in the weekly time frame.
- Support @553.93 from a trend line in the daily time frame.
- Support @404.38 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 | NEUTRAL | NEUTRAL | The short term trend for AXON is neutral. |
| ChartMill Relative Strength | 96.3 | POSITIVE | AXON has a high relative strength, it outperformed 96.3% 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) | UP | POSITIVE | The current price of AXON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.29 | NEUTRAL | The RSI value for AXON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests AXON has a positive trend. |
| Stochastics (14,3) | 82 | 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) | 26.75 | 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)
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 |
|---|---|---|---|
| 762.06 | 724.89 | 37.17 (4.88%) | 20.50% |
| An entry @762.06. This is a Buy Stop order right above the 10 day high. | An exit @724.89. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 37.17 points, which is 4.88%. | When investing 20.50% 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.
742.47
-13.02 (-1.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-1.72%
1 Week1.01%
2 Weeks-1.8%
1 Month-6.66%
3 Month18.2%
6 Month13.84%
12 Month153.96%
2 Year248.73%
3 Year536.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)22.24
ATR(20)%3.56%
ATR Inc-9.75%
Range Today19.41
ADR(20)25.71
ADR(20)%3.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.3
Mansfield1.92
10 Day High762.05
10 Day Low694.72
20 Day High815
20 Day Low694.72
52 Week High830.21
52 Week Low279.02
CS1 End733.34
CR1 StartN/A
Volume & EV
DER(3)1.63%
DER(5)0.68%
Volume457.60K
Volume Incr-26.73%
Vol(5)486.10K
Vol(50)590.98K