AXT INC (AXTI) Stock Technical Analysis
NASDAQ:AXTI - Nasdaq - US00246W1036 - Common Stock - Currency: USD
Taking everything into account, AXTI scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, AXTI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
AXTI is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. AXTI outperforms 72% of them.
In the last month AXTI has a been trading in the 1.80 - 2.62 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that AXTI is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
Although AXTI has an excellent technical rating, the quality of the presented setup is not ideal 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
2.17
2.58
2 important support areas can be observed.
- Support @2.25 from a trend line in the daily time frame.
- A support zone ranging from 2.19 to 2.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.52 to 2.55. 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 AXTI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXTI is up. |
| ChartMill Relative Strength | 88.48 | POSITIVE | AXTI has a high relative strength, it outperformed 88.48% 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) | 61.88 | NEUTRAL | The RSI value for AXTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AXTI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.2 | NEUTRAL | The Stochastics value for AXTI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.45 | HIGH VOLATILITY | The high ATR as a percentage value for AXTI suggests high volalility. |
| Average Directional Index/ADX (14) | 37.16 | 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)
2.44
-0.06 (-2.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.4%
1 Week10.91%
2 Weeks14.02%
1 Month27.75%
3 Month105.04%
6 Month7.96%
12 Month-27.16%
2 Year-21.54%
3 Year-72.18%
5 Year-49.06%
10 Year3.83%
15 Year-58.57%
Volatility
ATR(14)0.18
ATR(20)%7.45%
ATR Inc-13.68%
Range Today0.13
ADR(20)0.17
ADR(20)%6.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.48
Mansfield0.89
10 Day High2.62
10 Day Low2.1
20 Day High2.62
20 Day Low1.8
52 Week High3.77
52 Week Low1.13
CS1 End2.25
CR1 Start2.52
Volume & EV
DER(3)1.29%
DER(5)2.57%
Volume542.80K
Volume Incr-33.59%
Vol(5)528.96K
Vol(50)512.45K