AXSOME THERAPEUTICS INC (AXSM) Stock Technical Analysis
USA - NASDAQ:AXSM - US05464T1043 - Common Stock
We assign a technical rating of 10 out of 10 to AXSM. 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.
Besides having an excellent technical rating, AXSM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
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93.18
We found 4 important support areas.
- A support zone ranging from 125.74 to 127.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @105.33 from a trend line in the daily time frame.
- Support @102.99 from a horizontal line in the daily time frame.
- Support @94.12 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 140.87 to 140.87. 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 | 90.2 | POSITIVE | AXSM has a high relative strength, it outperformed 90.2% 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) | 70.13 | OVERBOUGHT | The high RSI value suggests AXSM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests AXSM has a positive trend. |
| Stochastics (14,3) | 83.44 | OVERBOUGHT | The high Stochastics value suggests AXSM may be overbought. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for AXSM suggests some volalility. |
| Average Directional Index/ADX (14) | 30.79 | 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 |
|---|---|---|---|
| 140.88 | 123.49 | 17.39 (12.34%) | 8.10% |
| An entry @140.88. This is a Buy Stop order right above the resistance zone. | An exit @123.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 17.39 points, which is 12.34%. | When investing 8.10% 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.
140.86
+1.25 (+0.9%)
AXSOME THERAPEUTICS INC / AXSM FAQ
What is the technical rating for AXSM stock?
ChartMill assigns a technical rating of 10 / 10 to AXSM.
What is the current trend direction of AXSOME THERAPEUTICS INC (AXSM) stock?
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 70.1279. This indicates that the stock is currently overbought.
Can you provide the short term momentum for AXSOME THERAPEUTICS INC?
The short term momentum for AXSOME THERAPEUTICS INC (AXSM) is positive.
What are the support and resistance levels for AXSOME THERAPEUTICS INC (AXSM) stock?
AXSOME THERAPEUTICS INC (AXSM) has a support level at 127.05 and a resistance level at 140.87. Check the full technical report for our detailed analysis of AXSM support and resistance levels.