AXON ENTERPRISE INC. - Daily - Technical analysis published on 10/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 57.36 USD
My targets
52.91 USD (-0.66%)
50.25 USD (-5.65%)
My analysis
The bearish trend is currently very strong for AXON ENTERPRISE INC.. As long as the price remains below the resistance at 57.36 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 52.91 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 50.25 USD as an objective. Crossing it would then enable sellers to target 46.88 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AXON ENTERPRISE INC. price is 53.26 USD. On the day, this instrument lost -1.77% with the lowest point at 51.52 USD and the highest point at 53.68 USD. The deviation from the price is +3.38% for the low point and -0.78% for the high point.51.52
53.68
53.26
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this AXON ENTERPRISE INC. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 46.88 | 50.25 | 52.91 | 53.26 | 57.36 | 62.29 | 66.16 |
| Change (%) | -11.98% | -5.65% | -0.66% | - | +7.70% | +16.95% | +24.22% |
| Change | -6.38 | -3.01 | -0.35 | - | +4.10 | +9.03 | +12.90 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.62 | 51.79 | 53.00 | 55.17 | 56.38 | 58.55 | 59.76 |
| Camarilla | 53.29 | 53.60 | 53.91 | 54.22 | 54.53 | 54.84 | 55.15 |
| Woodie | 49.15 | 51.55 | 52.53 | 54.93 | 55.91 | 58.31 | 59.29 |
| Fibonacci | 51.79 | 53.08 | 53.88 | 55.17 | 56.46 | 57.26 | 58.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.06 | 53.33 | 55.82 | 60.10 | 62.59 | 66.86 | 69.35 |
| Camarilla | 56.45 | 57.07 | 57.69 | 58.31 | 58.93 | 59.55 | 60.17 |
| Woodie | 48.16 | 52.89 | 54.93 | 59.65 | 61.69 | 66.42 | 68.46 |
| Fibonacci | 53.33 | 55.92 | 57.51 | 60.10 | 62.68 | 64.28 | 66.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.29 | 49.99 | 53.39 | 60.09 | 63.49 | 70.19 | 73.59 |
| Camarilla | 54.00 | 54.93 | 55.85 | 56.78 | 57.71 | 58.63 | 59.56 |
| Woodie | 41.63 | 49.17 | 51.73 | 59.27 | 61.83 | 69.37 | 71.93 |
| Fibonacci | 49.99 | 53.85 | 56.24 | 60.09 | 63.95 | 66.34 | 70.19 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 27.98 | |
| MACD (12,26,9): | -1.7400 | |
| Directional Movement: | -27.76 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 58.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 63.11 | |
| Elder Ray (13): | -6.36 | |
| Super Trend (3,10): | 59.77 | |
| Zig ZAG (10): | 53.26 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 4.76 | |
| TEMA (21): | 56.91 | |
| Williams %R (14): | -88.61 | |
| Chande Momentum Oscillator (20): | -12.93 | |
| Repulse (5,40,3): | -6.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 16.32 |
| MA7: | 57.57 | |
| MA20: | 61.28 | |
| MA50: | 62.34 | |
| MA100: | 64.71 | |
| MAexp7: | 57.08 | |
| MAexp20: | 59.96 | |
| MAexp50: | 61.76 | |
| MAexp100: | 62.21 | |
| Price / MA7: | -7.49% | |
| Price / MA20: | -13.09% | |
| Price / MA50: | -14.57% | |
| Price / MA100: | -17.69% | |
| Price / MAexp7: | -6.69% | |
| Price / MAexp20: | -11.17% | |
| Price / MAexp50: | -13.76% | |
| Price / MAexp100: | -14.39% |
News
The last news published on AXON ENTERPRISE INC. at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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