AxoGen Stock Forecast
Weaker technical forecast for AxoGen as stock downgraded to Strong Sell Candidate.
(Updated on Apr 17, 2024)
The AxoGen stock price fell by -0.86% on the last day (Wednesday, 17th Apr 2024) from $7.00 to $6.94. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 3.25% from a day low at $6.92 to a day high of $7.15. The price has fallen in 7 of the last 10 days and is down by -13.9% for this period. 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 -5 thousand shares and in total, 162 thousand shares were bought and sold for approximately $1.12 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.41% during the next 3 months and, with a 90% probability hold a price between $4.07 and $7.07 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AXGN Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The AxoGen stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.29 and $8.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -35.08%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for AxoGen stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.225 between high and low, or 3.25%. For the last week the stock has had daily average volatility of 4.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AXGN) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect AxoGen to open at $7.00, and during the day (based on 14 day Average True Range), to move between $6.59 and $7.29, which gives a possible trading interval of +/-$0.347 (+/-5.00%) up or down from last closing price. If AxoGen takes out the full calculated possible swing range there will be an estimated 10.00% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $7.68, some $0.740 (10.66%) from the current price of $6.94, our system finds the risk reward not very attractive.
Is AxoGen stock A Buy?
AxoGen holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.416 Strong Sell Candidate Downgraded
Predicted Opening Price for AxoGen of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $7.00 ( 0.89%) | $6.94 |
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 | 7.23 | 4.13 % | |
| R2 | 7.14 | 2.89 % | ||
| R1 | 7.09 | 2.13 % | ||
| Current price: | 6.94 | |||
| Support | S1 | 6.92 | -0.350 % | |
| S2 | 6.86 | -1.12 % | ||
| S3 | 6.78 | -2.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.23 | 18.59 % | |
| R2 | 7.76 | 11.82 % | ||
| R1 | 7.68 | 10.66 % | ||
| Current price | 6.94 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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
Click here for our free guide on how to buy AxoGen Stock.
