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Abraxas Petroleum Corporation Stock Forecast NASDAQ:AXAS

$1.10 (0%)

Volume: 93k

Closed: Nov 29, 2021

Hollow Logo Score: -5.208

Abraxas Petroleum Corporation Stock Forecast

$1.10 (0%)

Volume: 93k

Closed: Nov 29, 2021

Score Hollow Logo -5.208
Which way will AXAS go? Request
Key Stats
P/E Ratio -0.0850
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Abraxas Petroleum Corporation stock currently holds an RSI14 at 17 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Volatile ride for Abraxas Petroleum Corporation stock price on Monday moving between $1.00 and $1.20
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-29

No changes to the price of Abraxas Petroleum Corporation stock on the last trading day (Monday, 29th Nov 2021). During the day the stock fluctuated 20.00% from a day low at $1.00 to a day high of $1.20. The price has fallen in 7 of the last 10 days and is down by -32.1% for this period.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.07 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.92% during the next 3 months and, with a 90% probability hold a price between $0.81 and $1.23 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, November 23, 2021, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Abraxas Petroleum Corporation 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 $1.22 and $1.63. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss

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 may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.20 between high and low, or 20.00%. For the last week the stock has had a daily average volatility of 15.95%.

Abraxas Petroleum Corporation is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Abraxas Petroleum Corporation stock A Buy?

Abraxas Petroleum Corporation 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.

Current score: -5.208

Predicted Opening Price for Abraxas Petroleum Corporation of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$1.10 $1.10 (Undervalued)
Strong Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 15.95 %
Overall Risk: Very High High Medium Low Very Low
Volatility
15.95 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.19
Price: $1.10
No Support Found

AXAS Insider Trading Show all Trades

INSIDER POWER

3.273

Last 100 transactions
Buy: 3 186 426 | Sell: 973 467 (Shares)
Date Action Amount Person Type
Feb 07, 2020 Buy 35 380 Watson Robert L G Abraxas Petroleum Common Stock
Feb 07, 2020 Buy 35 380 Bommer Peter A. Abraxas Petroleum Common Stock
Feb 07, 2020 Buy 35 380 Wendel Stephen T Abraxas Petroleum Common Stock
Feb 07, 2020 Buy 35 380 Johnson Kenneth Wayne Abraxas Petroleum Common Stock
Feb 07, 2020 Buy 35 380 Krog George William Jr Abraxas Petroleum Common Stock
Show all Insider Trades
INSIDER POWER

3.273

Last 100 transactions
Buy: 3 186 426 | Sell: 973 467 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.30 18.18 %
1.22 11.24 %
1.18 6.95 %
Current price: 1.10
Support 1.02 -6.95 %
0.98 -11.24 %
0.90 -18.18 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
1.26 14.55 %
1.19 8.18 %
Current price 1.10
Support 0 .
0 .
0 .

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About Abraxas Petroleum Corporation

Abraxas Petroleum Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploitation, development, and production of oil and gas properties in the United States. The company operates oil and gas assets in the Rocky Mountain, Permian Basin, and onshore Gulf Coast regions. As of December 31, 2014, its estimated net proved reserves were 43.2 million barrels of oil equivalent. The company was founded in 1977 and is based in San Anto... Read more

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