Overall AXON gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. AXON was also a bad performer in the overall market in the last year.
The technical rating of AXON is bad and it also does not present a quality setup 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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519.04
We found 4 important support areas.
- A support zone ranging from 575.33 to 584.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 563.44 to 563.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @545.63 from a trend line in the weekly time frame.
- A support zone ranging from 524.28 to 527.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 631.70 to 631.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @665.22 from a trend line in the daily time frame.
- Resistance @733.85 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 | UP | POSITIVE | The short term trend for AXON is up. |
| ChartMill Relative Strength | 34.88 | NEUTRAL | AXON is not amongst the best or worst performers 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 | MIXED | The current price of AXON is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.32 | NEUTRAL | The RSI value for AXON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 7.09 | POSITIVE | The MACD value suggests AXON has a positive trend. |
| Stochastics (14,3) | 80.95 | OVERBOUGHT | The high Stochastics value suggests AXON may be overbought. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for AXON suggests some volalility. |
| Average Directional Index/ADX (14) | 21.36 | NEUTRAL | The ADX value for AXON suggests a possible start of a new trend. |
631.69
+18.71 (+3.05%)
AXON ENTERPRISE INC / AXON FAQ
Can you provide the ChartMill technical rating for AXON ENTERPRISE INC?
ChartMill assigns a technical rating of 2 / 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 64.3206. 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 positive.
Can you provide the support and resistance levels for AXON ENTERPRISE INC?
AXON ENTERPRISE INC (AXON) has a support level at 584.66 and a resistance level at 631.7. Check the full technical report for our detailed analysis of AXON support and resistance levels.