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$8.27 (1.47%)

Volume: 129k

Closed: Nov 29, 2021

Hollow Logo Score: -2.520

AXT Inc Stock Forecast

$8.27 (1.47%)

Volume: 129k

Closed: Nov 29, 2021

Score Hollow Logo -2.520
Which way will AXTI go? Request
Key Stats
P/E Ratio 26.21
Beta 2.27
* 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 ] RSI14 is 27 and the stock is currently not being overbought or oversold

AXT Inc stock price up 1.47% on Monday
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-29

The AXT Inc stock price gained 1.47% on the last trading day (Monday, 29th Nov 2021), rising from $8.15 to $8.27. During the day the stock fluctuated 3.39% from a day low at $8.21 to a day high of $8.49. The price has fallen in 6 of the last 10 days and is down by -9.22% for this period. Volume fell on the last day by -96 thousand shares and in total, 129 thousand shares were bought and sold for approximately $1.07 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AXT Inc stock with a 90% probability to be traded between $7.62 and $9.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

There are few to no technical positive signals at the moment. The AXT Inc 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 $8.58 and $8.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 08, 2021, and so far it has fallen -11.27%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss

AXT Inc finds support from accumulated volume at $7.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.28 between high and low, or 3.39%. For the last week the stock has had a daily average volatility of 4.66%.

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

Is AXT Inc stock A Buy?

AXT Inc 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.

Current score: -2.520

Predicted Opening Price for AXT Inc 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
$8.32 $8.27 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 04, 2021 "Wedbush" gave "$11.00" rating for AXTI. The price target was set to $8.93+2.1%.

Volatility and Risk
Daily Average Volatility: 4.66 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.66 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $8.29
Price: $8.27
Support: $7.92

AXTI Insider Trading Show all Trades

INSIDER POWER

0.832

Last 100 transactions
Buy: 1 319 770 | Sell: 1 586 683 (Shares)
Date Action Amount Person Type
Nov 10, 2021 Buy 22 050 Fischer Gary L Common Stock
Nov 10, 2021 Buy 57 160 Young Morris S Common Stock
Sep 27, 2021 Sell 100 000 Young Morris S Stock Option (Right to Buy)
Sep 27, 2021 Buy 100 000 Young Morris S Common Stock
Aug 06, 2021 Sell 11 561 Young Morris S Common Stock
Show all Insider Trades
INSIDER POWER

0.832

Last 100 transactions
Buy: 1 319 770 | Sell: 1 586 683 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 8.60 4.02 %
8.50 2.73 %
8.43 1.94 %
Current price: 8.27
Support 8.22 -0.63 %
8.15 -1.43 %
8.05 -2.72 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 9.17 10.88 %
8.70 5.20 %
8.29 0.24 %
Current price 8.27
Support 7.92 -4.23%
7.85 -5.08%
7.68 -7.13%

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About AXT Inc

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company manufactures its semiconductor substrates using its proprietary vertical gradient freeze technology. It offers semi-insulating substrates made from gallium with arsenic (GaAs), which are used for applications in power amplifiers and radio frequency integrated circuits for wireless handsets; direct broadcast televisions; tra... Read more

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