AxoGen Stock Forecast
AxoGen stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on May 01, 2024)
The AxoGen stock price gained 2.34% on the last trading day (Wednesday, 1st May 2024), rising from $6.41 to $6.56. During the last trading day the stock fluctuated 5.78% from a day low at $6.40 to a day high of $6.77. The price has been going up and down for this period, and there has been a -5.48% 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, 19 thousand more shares were traded than the day before. In total, 213 thousand shares were bought and sold for approximately $1.40 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.28 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -35.55% during the next 3 months and, with a 90% probability hold a price between $4.05 and $4.99 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AXGN Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 2.34%. Further rise is indicated until a new top pivot has been found. AxoGen has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 $6.66 and $7.35. A break-up above any of these levels will issue buy signals. 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 $6.55 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.370 between high and low, or 5.78%. For the last week, the stock has had daily average volatility of 5.10%.
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 2nd
For the upcoming trading day on Thursday, 2nd we expect AxoGen to open at $6.58, and during the day (based on 14 day Average True Range), to move between $6.23 and $6.89, which gives a possible trading interval of +/-$0.335 (+/-5.11%) up or down from last closing price. If AxoGen takes out the full calculated possible swing range there will be an estimated 10.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.55 (0.15%) than the resistance at $7.68 (17.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
AxoGen will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.100. We will update the financials statements for AxoGen, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.89% in the first trading day after earnings release.
Is AxoGen stock A Buy?
AxoGen holds several negative signals and is within a 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.694 Sell Candidate Upgraded
Predicted Opening Price for AxoGen of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$6.58 ( 0.254%) | $6.56 |
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 | 6.95 | 5.89 % | |
R2 | 6.81 | 3.74 % | ||
R1 | 6.72 | 2.41 % | ||
Current price: | 6.56 | |||
Support | S1 | 6.44 | -1.90 % | |
S2 | 6.35 | -3.23 % | ||
S3 | 6.21 | -5.39 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.76 | 18.29 % | |
R2 | 7.71 | 17.53 % | ||
R1 | 7.68 | 17.07 % | ||
Current price | 6.56 | |||
Support | S1 | 6.55 | -0.152% | |
S2 | 6.50 | -0.91% | ||
S3 | 6.41 | -2.29% |
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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