AXT INC (AXTI) Stock Technical Analysis
NASDAQ:AXTI • US00246W1036
Overall AXTI gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AXTI is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that AXTI is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by AXTI over the past year are nicely spread over this period.
- AXTI is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry. AXTI outperforms 100% of them.
- A new 52 week high is currently being made by AXTI, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month AXTI has a been trading in the 15.85 - 30.80 range, which is quite wide. It is currently trading near the high of this range.
- AXTI has an average volume of 6730870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although AXTI has an excellent technical rating, it 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
17.48
2 important support areas can be observed.
- Support @18.73 from a trend line in the daily time frame.
- Support @17.66 from a trend line 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 AXTI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXTI is up. |
| ChartMill Relative Strength | 99.96 | POSITIVE | AXTI has a high relative strength, it outperformed 99.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AXTI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AXTI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AXTI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.16 | NEUTRAL | The RSI value for AXTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests AXTI has a positive trend. |
| Stochastics (14,3) | 70.83 | NEUTRAL | The Stochastics value for AXTI is a neutral value. |
| Average True Range in percent/ATR (20) | 10.81 | HIGH VOLATILITY | The high ATR as a percentage value for AXTI suggests high volalility. |
| Average Directional Index/ADX (14) | 30.65 | POSITIVE | The high ADX value value for AXTI suggests a strong trend. |
29.68
+5.87 (+24.65%)
AXT INC / AXTI FAQ
What is the technical rating for AXTI stock?
ChartMill assigns a technical rating of 10 / 10 to AXTI.
Can you provide the trend direction for AXT INC?
The current trend direction for AXT INC (AXTI) is Bullish.
What is the RSI signal for AXT INC (AXTI) stock?
AXT INC (AXTI) has an RSI value of 66.1559. This indicates that the stock is currently neutral.
What is the MACD signal for AXTI stock?
The MACD indicator for AXT INC (AXTI) has a value of 0.345099, indicating a bearish trend.
What is the short term momentum for AXTI stock?
The short term momentum for AXT INC (AXTI) is positive.