AXT Inc stock price up 1.47% on Monday
(Updated on Nov 29, 2021)
Sell candidate since 2021-11-29 PDF
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|
Remember To Visit Our YouTube Channel
On Nov 04, 2021 "Wedbush" gave "$11.00" rating for AXTI. The price target was set to $8.93+2.1%.
AXTI Insider Trading
|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|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Join 100 000+ Happy SubscribersDon't miss out on the runners!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.