AXSOME THERAPEUTICS INC. - Daily - Technical analysis published on 08/29/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
33%
39%
28%
My opinion
Bullish above 22.83 USD
My targets
25.22 USD (+0.52%)
27.69 USD (+10.36%)
My analysis
With a bullish background trend, the price of AXSOME THERAPEUTICS INC. is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 22.83 USD. A bullish break in the resistance located at 25.22 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 27.69 USD. PS: if there is a bearish break in the support located at 22.83 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AXSOME THERAPEUTICS INC. rating is 25.09 USD. The price registered an increase of +5.82% on the session and was between 23.10 USD and 25.50 USD. This implies that the price is at +8.61% from its lowest and at -1.61% from its highest.23.10
25.50
25.09
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of AXSOME THERAPEUTICS INC. indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 12.44 | 20.85 | 22.83 | 25.09 | 25.22 | 27.69 |
| Change (%) | -50.42% | -16.90% | -9.01% | - | +0.52% | +10.36% |
| Change | -12.65 | -4.24 | -2.26 | - | +0.13 | +2.60 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.07 | 22.28 | 23.00 | 24.21 | 24.93 | 26.14 | 26.86 |
| Camarilla | 23.18 | 23.36 | 23.53 | 23.71 | 23.89 | 24.06 | 24.24 |
| Woodie | 20.82 | 22.16 | 22.75 | 24.09 | 24.68 | 26.02 | 26.61 |
| Fibonacci | 22.28 | 23.02 | 23.48 | 24.21 | 24.95 | 25.41 | 26.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.58 | 22.82 | 23.84 | 25.08 | 26.09 | 27.34 | 28.35 |
| Camarilla | 24.23 | 24.44 | 24.64 | 24.85 | 25.06 | 25.26 | 25.47 |
| Woodie | 21.46 | 22.76 | 23.72 | 25.02 | 25.98 | 27.28 | 28.24 |
| Fibonacci | 22.82 | 23.68 | 24.22 | 25.08 | 25.94 | 26.47 | 27.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.04 | 21.61 | 23.56 | 26.13 | 28.07 | 30.64 | 32.59 |
| Camarilla | 24.26 | 24.67 | 25.09 | 25.50 | 25.91 | 26.33 | 26.74 |
| Woodie | 18.73 | 21.45 | 23.24 | 25.97 | 27.76 | 30.49 | 32.27 |
| Fibonacci | 21.61 | 23.34 | 24.40 | 26.13 | 27.85 | 28.92 | 30.64 |
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): | 49.57 | |
| MACD (12,26,9): | -0.1800 | |
| Directional Movement: | -6.75 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 24.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.85 | |
| Elder Ray (13): | -0.73 | |
| Super Trend (3,10): | 28.99 | |
| Zig ZAG (10): | 25.09 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 40.20 | |
| TEMA (21): | 24.59 | |
| Williams %R (14): | -51.09 | |
| Chande Momentum Oscillator (20): | -0.32 | |
| Repulse (5,40,3): | 1.8600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 4.73 |
| MA7: | 24.99 | |
| MA20: | 25.17 | |
| MA50: | 25.52 | |
| MA100: | 22.75 | |
| MAexp7: | 24.87 | |
| MAexp20: | 25.16 | |
| MAexp50: | 24.68 | |
| MAexp100: | 22.10 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | -0.32% | |
| Price / MA50: | -1.68% | |
| Price / MA100: | +10.29% | |
| Price / MAexp7: | +0.88% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | +1.66% | |
| Price / MAexp100: | +13.53% |
News
The last news published on AXSOME THERAPEUTICS INC. at the time of the generation of this analysis was as follows:
-
Axsome Therapeutics, Inc. - AXSM Stock Chart Technical Analysis for 02-01-2019
-
Axsome Therapeutics, Inc. - AXSM Stock Chart Technical Analysis for 01-08-19
-
Axsome Therapeutics, Inc. - AXSM Stock Chart Technical Analysis for 01-07-2019
-
Axsome Therapeutics, Inc. - AXSM Stock Chart Technical Analysis for 12-10-18
- Axsome Therapeutics to Present at Biotech Showcase 2017
This member declared not having a position on this financial instrument or a related financial instrument.
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