We assign a technical rating of 10 out of 10 to AXSM. Both in the recent history as in the last year, AXSM has proven to be a steady performer, scoring decent points in every aspect analyzed.
AXSM 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 a resistance zone just above the current price starting at 151.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 147.99, a Stop Loss order could be placed below this zone.
More info and screens
94.76
We found 4 important support areas.
- A support zone ranging from 147.73 to 147.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @142.08 from a horizontal line in the daily time frame.
- Support @106.88 from a trend line in the daily time frame.
- Support @95.72 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 151.51 to 151.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 AXSM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXSM is up. |
| ChartMill Relative Strength | 92.98 | POSITIVE | AXSM has a high relative strength, it outperformed 92.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AXSM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AXSM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AXSM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.05 | NEUTRAL | The RSI value for AXSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.79 | NEGATIVE | The MACD value suggests AXSM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.08 | NEUTRAL | The Stochastics value for AXSM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for AXSM suggests some volalility. |
| Average Directional Index/ADX (14) | 16.84 | NEGATIVE | The low ADX value for AXSM suggests a weak or negative trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 151.52 | 147.72 | 3.80 (2.51%) | 25.00% |
| An entry @151.52. This is a Buy Stop order right above the resistance zone. | An exit @147.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.80 points, which is 2.51%. | For a 0.63% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AXSM. 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.
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+1.13 (+0.77%)
AXSOME THERAPEUTICS INC / AXSM FAQ
What is the technical rating for AXSM stock?
ChartMill assigns a technical rating of 10 / 10 to AXSM.
What is the current trend direction of AXSOME THERAPEUTICS INC (AXSM) stock?
The current trend direction for AXSOME THERAPEUTICS INC (AXSM) is Bullish.
What is the RSI signal for AXSOME THERAPEUTICS INC (AXSM) stock?
AXSOME THERAPEUTICS INC (AXSM) has an RSI value of 56.0463. This indicates that the stock is currently neutral.
Can you provide the short term momentum for AXSOME THERAPEUTICS INC?
The short term momentum for AXSOME THERAPEUTICS INC (AXSM) is positive.
What are the support and resistance levels for AXSOME THERAPEUTICS INC (AXSM) stock?
AXSOME THERAPEUTICS INC (AXSM) has a support level at 147.99 and a resistance level at 151.51. Check the full technical report for our detailed analysis of AXSM support and resistance levels.