RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AXON
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Axon Enterprise, Inc. stock price ended at $315.64 on Wednesday, after losing 1.10%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 01, 2024 Gain 24.91% PDF

The Axon Enterprise, Inc. stock price fell by -1.10% on the last day (Wednesday, 27th Mar 2024) from $319.14 to $315.64. During the last trading day the stock fluctuated 2.41% from a day low at $314.20 to a day high of $321.77. The price has risen in 7 of the last 10 days and is up by 2.89% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -44 thousand shares and in total, 362 thousand shares were bought and sold for approximately $114.14 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 32.08% during the next 3 months and, with a 90% probability hold a price between $393.46 and $453.19 at the end of this 3-month period.

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AXON Signals & Forecast

The Axon Enterprise, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $315.58 and $295.33. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -1.33%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Axon Enterprise, Inc. stock

Axon Enterprise, Inc. finds support from accumulated volume at $309.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $7.57 between high and low, or 2.41%. For the last week the stock has had daily average volatility of 1.73%.

Our recommended stop-loss: $302.83 (-4.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (AXON) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Axon Enterprise, Inc. to open at $317.20, and during the day (based on 14 day Average True Range), to move between $308.23 and $323.05, which gives a possible trading interval of +/-$7.41 (+/-2.35%) up or down from last closing price. If Axon Enterprise, Inc. takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $316.32 (0.22%) than the support at $309.22 (2.03%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Axon Enterprise, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Axon Enterprise, Inc. stock to perform well in the short-term.

Current score: 2.929 Buy Candidate Unchanged

Predicted Opening Price for Axon Enterprise, Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$317.20 ( 0.495%) $315.64

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AXON

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 324.77 2.89 %
R2 321.88 1.98 %
R1 320.10 1.41 %
Current price: 315.64
Support S1 314.31 -0.421 %
S2 312.53 -0.99 %
S3 309.63 -1.90 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 319.88 1.34 %
R2 319.14 1.11 %
R1 316.32 0.215 %
Current price 315.64
Support S1 309.22 -2.03%
S2 307.65 -2.53%
S3 307.37 -2.62%

FAQ

What is the symbol for Axon Enterprise, Inc. Stock and on which exchange is it traded?
The symbol for Axon Enterprise, Inc. is AXON and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Axon Enterprise, Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Axon Enterprise, Inc. stock to perform well in the short-term.

How to buy Axon Enterprise, Inc. Stock?
Axon Enterprise, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Axon Enterprise, Inc. Stock.

What's the current price of Axon Enterprise, Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Axon Enterprise, Inc. (AXON) share was $315.64.

What is the 52-week high and low for Axon Enterprise, Inc. Stock?
The 52-week high for Axon Enterprise, Inc. Stock is $325.63 and the 52-week low is $175.37.

What is the market capitalization of Axon Enterprise, Inc. Stock?
As of the 2024-03-27, the market capitalization of Axon Enterprise, Inc. is 23.769B.

When is the next earnings date for Axon Enterprise, Inc.?
The upcoming earnings date for Axon Enterprise, Inc. is May 14, 2024.
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