AxoGen Stock Forecast
AxoGen stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)
The AxoGen stock price gained 2.91% on the last trading day (Wednesday, 27th Mar 2024), rising from $7.55 to $7.77. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.04% from a day low at $7.56 to a day high of $7.79. The price has been going up and down for this period, and there has been a -3.48% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 128 thousand more shares were traded than the day before. In total, 285 thousand shares were bought and sold for approximately $2.21 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.37 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.65% during the next 3 months and, with a 90% probability hold a price between $7.72 and $11.34 at the end of this 3-month period.
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AXGN Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 5.71%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AxoGen stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $9.19. On a fall, the stock will find some support from the short-term average at $7.60. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AxoGen stock
AxoGen finds support from accumulated volume at $7.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.230 between high and low, or 3.04%. For the last week, the stock has had daily average volatility of 3.14%.
AxoGen is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $7.41 (-4.62%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 22 which reduces the risk some. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (AXGN) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect AxoGen to open at $7.71, and during the day (based on 14 day Average True Range), to move between $7.37 and $8.17, which gives a possible trading interval of +/-$0.399 (+/-5.13%) up or down from last closing price. If AxoGen takes out the full calculated possible swing range there will be an estimated 10.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.71 (0.77%) than the resistance at $8.55 (10.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AxoGen stock A Buy?
AxoGen holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.090 Hold/Accumulate Upgraded
Predicted Opening Price for AxoGen of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$7.71 ( 0.82%) | $7.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AXGN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.94 | 2.15 % | |
R2 | 7.85 | 1.01 % | ||
R1 | 7.79 | 0.316 % | ||
Current price: | 7.77 | |||
Support | S1 | 7.62 | -1.95 % | |
S2 | 7.56 | -2.64 % | ||
S3 | 7.48 | -3.78 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.99 | 15.70 % | |
R2 | 8.59 | 10.55 % | ||
R1 | 8.55 | 10.04 % | ||
Current price | 7.77 | |||
Support | S1 | 7.71 | -0.772% | |
S2 | 7.68 | -1.16% | ||
S3 | 7.67 | -1.29% |
AXGN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 22, 2009 | Jan 27, 2010 | Feb 12, 2010 | $1.00 | 25.64% |
2 | Feb 23, 2005 | Feb 23, 2005 | Feb 23, 2005 | $0.0600 | 2.61% |
3 | Jul 10, 1992 | Jul 10, 1992 | Jul 10, 1992 | $0.0417 | 0.497% |
FAQ
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