AXON ENTERPRISE INC (AXON)

US05464C1018 - Common Stock

631.69  +16.01 (+2.6%)

After market: 631.69 0 (0%)

Technical Rating and Analysis

10

Taking everything into account, AXON scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AXON is showing a nice and steady performance.

In the last month AXON has a been trading in the 603.33 - 698.67 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that AXON is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, AXON also shows a nice and consistent pattern of rising prices.
AXON is part of the Aerospace & Defense industry. There are 64 other stocks in this industry. AXON outperforms 88% of them.
AXON is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AXON is performing more or less in line with the market.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
AXON Weekly chart
AXON Daily chart
Setup Rating and Analysis

8

AXON has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

332.09

638.01

We found 5 important support areas.

  • A support zone ranging from 626.17 to 631.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @609.95 from a horizontal line in the daily time frame.
  • Support @501.03 from a trend line in the daily time frame.
  • Support @485.31 from a trend line in the daily time frame.
  • Support @335.44 from a trend line in the weekly time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.14
Mansfield6.11
10 Day High687.97
10 Day Low603.33
20 Day High698.67
20 Day Low603.33
52 Week High698.67
52 Week Low241.72
Performance
1 Week-2.05%
2 Weeks-8.14%
1 Month0.07%
3 Month60.62%
6 Month116.96%
12 Month143.87%
2 Year280.7%
3 Year302.35%
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)-10.82
RSI(14)55.18
LBB599.16
UBB698.12
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
634.63626.168.47 (1.33%)25.00%
An entry @634.63. This is a Buy Stop order right above the 10 day moving average.An exit @626.16. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 8.47 points, which is 1.33%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.33%.

  • The distance between exit and entry is rather small compared to the average daily movement of AXON. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
AXON Daily chart

AXON ENTERPRISE INC

NASDAQ:AXON (12/20/2024, 8:00:01 PM)

After market: 631.69 0 (0%)

631.69

+16.01 (+2.6%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg2.6%
1 Week-2.05%
2 Weeks-8.14%
1 Month0.07%
3 Month60.62%
6 Month116.96%
12 Month143.87%
2 Year280.7%
3 Year302.35%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)27.44
ATR(20)%3.89%
ATR Inc-11.47%
Range Today28.12
ADR(20)24.12
ADR(20)%3.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.14
Mansfield6.11
10 Day High687.97
10 Day Low603.33
20 Day High698.67
20 Day Low603.33
52 Week High698.67
52 Week Low241.72
CS1 End631.68
CR1 StartN/A
Volume & EV
DER(3)-0.09%
DER(5)-0.21%
Volume7.03M
Volume Incr221.75%
Vol(5)2.64M
Vol(50)962.22K