Taking everything into account, AXSM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AXSM is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, AXSM did better than 89% of all other stocks.
- AXSM is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 74% of 191 stocks in the same industry.
- AXSM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- AXSM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, AXSM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 186.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 185.97, a Stop Loss order could be placed below this zone.
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97.30
3 important support areas can be observed.
- A support zone ranging from 180.83 to 185.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @162.57 from a trend line in the daily time frame.
- Support @98.28 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 186.22 to 189.11. 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 | UP | POSITIVE | The long term trend for AXSM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXSM is up. |
| ChartMill Relative Strength | 89.27 | POSITIVE | AXSM has a high relative strength, it outperformed 89.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AXSM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AXSM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AXSM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.3 | NEUTRAL | The RSI value for AXSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.23 | NEGATIVE | The MACD value suggests AXSM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.89 | NEUTRAL | The Stochastics value for AXSM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for AXSM suggests some volalility. |
| Average Directional Index/ADX (14) | 36.14 | POSITIVE | The high ADX value value for AXSM suggests a strong trend. |
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 |
|---|---|---|---|
| 189.12 | 180.82 | 8.30 (4.39%) | 22.79% |
| An entry @189.12. This is a Buy Stop order right above the resistance zone. | An exit @180.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.30 points, which is 4.39%. | When investing 22.79% 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.
186.21
+1.91 (+1.04%)
AXSOME THERAPEUTICS INC / AXSM FAQ
What is the technical rating for AXSM stock?
ChartMill assigns a technical rating of 10 / 10 to AXSM.
Can you provide the trend direction for AXSOME THERAPEUTICS INC?
The current trend direction for AXSOME THERAPEUTICS INC (AXSM) is Bullish.
What is the RSI signal for AXSOME THERAPEUTICS INC (AXSM) stock?
AXSOME THERAPEUTICS INC (AXSM) has an RSI value of 61.2979. This indicates that the stock is currently neutral.
What is the MACD signal for AXSM stock?
The MACD indicator for AXSOME THERAPEUTICS INC (AXSM) has a value of -1.23307, indicating a bearish trend.
Can you provide the short term momentum for AXSOME THERAPEUTICS INC?
The short term momentum for AXSOME THERAPEUTICS INC (AXSM) is positive.