AXSOME THERAPEUTICS INC (AXSM) Stock Technical Analysis
USA - NASDAQ:AXSM - US05464T1043 - Common Stock
117.49 USD
+1.54 (+1.33%)
117 USD
-0.49 (-0.42%)
We assign a technical rating of 7 out of 10 to AXSM. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month AXSM has a been trading in the 112.90 - 130.00 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that AXSM is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
AXSM is an average performer in the Pharmaceuticals industry, it outperforms 66% of 196 stocks in the same industry.
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.
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 support zone below the current price at 115.67, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AXSM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
92.84
130.58
5 important support areas can be observed.
- A support zone ranging from 112.80 to 115.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @106.27 from a trend line in the daily time frame.
- Support @102.99 from a horizontal line in the daily time frame.
- A support zone ranging from 100.39 to 100.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @93.78 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 123.82 to 125.17. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 128.67 to 129.29. This zone is formed by a combination of multiple trend lines 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 AXSM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AXSM is neutral. |
| ChartMill Relative Strength | 81.54 | POSITIVE | AXSM has a high relative strength, it outperformed 81.54% 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 | 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) | 50.02 | NEUTRAL | The RSI value for AXSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.28 | NEGATIVE | The MACD value suggests AXSM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.06 | NEUTRAL | The Stochastics value for AXSM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for AXSM suggests some volalility. |
| Average Directional Index/ADX (14) | 27.75 | POSITIVE | The high ADX value value for AXSM suggests a strong 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 |
|---|---|---|---|
| 119.09 | 112.89 | 6.20 (5.20%) | 19.22% |
| An entry @119.09. This is a Buy Stop order right above the 10 day moving average. | An exit @112.89. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.20 points, which is 5.20%. | For a 1.00% total portfolio risk, you can invest 19.22% of your capital in this trade. |
- 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.
117.49
+1.54 (+1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.33%
1 Week0.61%
2 Weeks-9.13%
1 Month-0.86%
3 Month13.67%
6 Month-0.88%
12 Month31.07%
2 Year68.11%
3 Year163.31%
5 Year64.9%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.85
ATR(20)%3.13%
ATR Inc-16.68%
Range Today2.88
ADR(20)3.68
ADR(20)%3.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.54
Mansfield-0.03
10 Day High130
10 Day Low112.9
20 Day High130
20 Day Low112.9
52 Week High139.13
52 Week Low75.56
CS1 End115.67
CR1 Start123.82
Volume & EV
DER(3)3.4%
DER(5)2.42%
Volume526.00K
Volume Incr-0.62%
Vol(5)597.62K
Vol(50)604.28K