AXSOME THERAPEUTICS INC (AXSM) Stock Technical Analysis
NASDAQ:AXSM - Nasdaq - US05464T1043 - Common Stock - Currency: USD
Overall AXSM gets a technical rating of 5 out of 10. Although AXSM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, we notice that AXSM is one of the better performing stocks in the market, outperforming 71% of all stocks. On top of that, AXSM also shows a nice and consistent pattern of rising prices.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
AXSM is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, AXSM did better than 66% of them.
AXSM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AXSM is lagging the market.
In the last month AXSM has a been trading in the 96.09 - 114.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AXSM has an average technical rating and it also does not offer a high 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.
More info and screens
90.27
113.47
We found 3 important support areas.
- A support zone ranging from 100.39 to 101.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @98.06 from a horizontal line in the weekly time frame.
- Support @91.18 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 105.90 to 107.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 110.66 to 112.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for AXSM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AXSM is neutral. |
| ChartMill Relative Strength | 71.96 | POSITIVE | AXSM has a high relative strength, it outperformed 71.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AXSM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AXSM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AXSM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.46 | NEUTRAL | The RSI value for AXSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests AXSM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.36 | NEUTRAL | The Stochastics value for AXSM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.01 | MEDIUM VOLATILITY | The ATR as a percentage value for AXSM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.73 | NEUTRAL | The ADX value for AXSM suggests a possible start of a new 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)
103.59
-2.95 (-2.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-2.77%
1 Week6.13%
2 Weeks-2.86%
1 Month-0.89%
3 Month-1.13%
6 Month0.74%
12 Month28.22%
2 Year31.86%
3 Year66.99%
5 Year45.33%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.31
ATR(20)%4.01%
ATR Inc127.44%
Range Today4.58
ADR(20)4.24
ADR(20)%4.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.96
Mansfield-0.31
10 Day High110.19
10 Day Low96.09
20 Day High114.66
20 Day Low96.09
52 Week High139.13
52 Week Low75.56
CS1 End101.14
CR1 Start106.78
Volume & EV
DER(3)-4.84%
DER(5)-2.88%
Volume921.01K
Volume Incr23.83%
Vol(5)774.40K
Vol(50)659.62K