AXT INC (AXTI) Stock Technical Analysis
NASDAQ:AXTI - Nasdaq - US00246W1036 - Common Stock - Currency: USD
Overall AXTI gets a technical rating of 5 out of 10. In the past year, AXTI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, AXTI is a bad performer in the overall market: 78% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
AXTI is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 44% of 110 stocks in the same industry.
AXTI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AXTI is lagging the market.
In the last month AXTI has a been trading in the 1.38 - 2.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AXTI 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
1.40
2.19
2 important support areas can be observed.
- Support @1.66 from a trend line in the daily time frame.
- Support @1.41 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.17 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for AXTI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXTI is up. |
| ChartMill Relative Strength | 22.46 | NEGATIVE | AXTI has a low relative strength, it was outperformed by 77.54% 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) | DOWN | MIXED | The current price of AXTI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.87 | NEUTRAL | The RSI value for AXTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests AXTI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.73 | NEUTRAL | The Stochastics value for AXTI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.94 | HIGH VOLATILITY | The high ATR as a percentage value for AXTI suggests high volalility. |
| Average Directional Index/ADX (14) | 44.97 | POSITIVE | The high ADX value value for AXTI 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)
2.08
-0.08 (-3.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-3.7%
1 Week13.66%
2 Weeks32.48%
1 Month39.6%
3 Month23.81%
6 Month-4.59%
12 Month-42.22%
2 Year-39.53%
3 Year-64.51%
5 Year-56.3%
10 Year-17.46%
15 Year-53.88%
Volatility
ATR(14)0.18
ATR(20)%7.94%
ATR Inc-3.95%
Range Today0.12
ADR(20)0.16
ADR(20)%7.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.46
Mansfield-0.88
10 Day High2.7
10 Day Low1.55
20 Day High2.7
20 Day Low1.38
52 Week High4.03
52 Week Low1.13
CS1 End1.66
CR1 Start2.17
Volume & EV
DER(3)-6.15%
DER(5)-3.24%
Volume435.70K
Volume Incr580.3%
Vol(5)1.80M
Vol(50)438.60K