AXON ENTERPRISE INC (AXON) Stock Technical Analysis
NASDAQ:AXON - US05464C1018 - Common Stock
766.24 USD
+2.73 (+0.36%)
766.24 USD
0 (0%)
Overall AXON gets a technical rating of 8 out of 10. In the last year, AXON was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month AXON has a been trading in the 722.07 - 885.91 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that AXON is one of the better performing stocks in the market, outperforming 93% 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 68 other stocks in this industry. AXON outperforms 77% of them.
AXON is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AXON is lagging the market slightly.
Besides having an excellent technical rating, AXON also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 729.61, a Stop Loss order could be placed below this zone.
More info and screens
608.00
787.70
We found 3 important support areas.
- A support zone ranging from 723.75 to 729.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @705.21 from a horizontal line in the daily time frame.
- Support @614.14 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 767.09 to 779.90. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for AXON is neutral. |
| ChartMill Relative Strength | 93.3 | POSITIVE | AXON has a high relative strength, it outperformed 93.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AXON is below the rising 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) | 48.65 | NEUTRAL | The RSI value for AXON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.41 | NEGATIVE | The MACD value suggests AXON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.27 | NEUTRAL | The Stochastics value for AXON is a neutral value. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for AXON suggests some volalility. |
| Average Directional Index/ADX (14) | 17.91 | 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 |
|---|---|---|---|
| 779.91 | 731.73 | 48.18 (6.18%) | 16.19% |
| An entry @779.91. This is a Buy Stop order right above the resistance zone. | An exit @731.73. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 48.18 points, which is 6.18%. | For a 1.00% total portfolio risk, you can invest 16.19% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AXON. Please evaluate whether better entry and exit points can be found.
- 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.
766.24
+2.73 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg0.36%
1 Week1.59%
2 Weeks-9.05%
1 Month4.25%
3 Month4.77%
6 Month49.3%
12 Month106.7%
2 Year259.89%
3 Year556.7%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)40.05
ATR(20)%4.49%
ATR Inc-47.71%
Range Today26.64
ADR(20)30.62
ADR(20)%4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.3
Mansfield1.49
10 Day High844.15
10 Day Low731.74
20 Day High885.92
20 Day Low722.07
52 Week High885.92
52 Week Low346.71
CS1 End729.61
CR1 Start767.09
Volume & EV
DER(3)1.56%
DER(5)0.33%
Volume395.88K
Volume Incr-32.59%
Vol(5)534.39K
Vol(50)661.66K