Abraxas Petro Corp (AXAS) Stock Technical Analysis
NASDAQ:AXAS - Nasdaq -
Taking everything into account, AXAS scores 0 out of 10 in our technical rating. AXAS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
96% of all other stocks performed better in the past year than AXAS.
AXAS is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 88% of 211 stocks in the same industry do better.
AXAS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month AXAS has a been trading in the 1.84 - 3.36 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of AXAS is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.82
3.48
When analyzing the resistance we notice 3 important areas.
- Resistance @3.05 from a trend line in the weekly time frame.
- Resistance @3.16 from a trend line in the weekly time frame.
- Resistance @3.45 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.53
Mansfield-4.45
10 Day High2.55
10 Day Low1.84
20 Day High3.36
20 Day Low1.84
52 Week High5.58
52 Week Low1.41
Performance
1 Week-17.12%
2 Weeks-19.65%
1 Month-41.77%
3 Month-6.12%
6 Month-50.4%
12 Month-54.46%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)30.29
LBB1.89
UBB2.69
1.84
-0.1 (-5.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-5.15%
1 Week-17.12%
2 Weeks-19.65%
1 Month-41.77%
3 Month-6.12%
6 Month-50.4%
12 Month-54.46%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%11.86%
ATR Inc27.09%
Range Today0.12
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.53
Mansfield-4.45
10 Day High2.55
10 Day Low1.84
20 Day High3.36
20 Day Low1.84
52 Week High5.58
52 Week Low1.41
CS1 EndN/A
CR1 Start3.05
Volume & EV
DER(3)5.53%
DER(5)4.95%
Volume984.10K
Volume Incr45.1%
Vol(5)599.12K
Vol(50)438.34K