Stronger Sell Today AXAS ranks #4386 as SELL CANDIDATE #4386 Weaker Sell

AXAS stock forecast Abraxas Petroleum Corporation

AXAS stock forecast

VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

AXAS Forecast and Technical Stock Analysis

Sell candidate since 2019-07-11 Loss -8.58%

Abraxas Petroleum Corporation gained 3.55% in the last trading day ( Friday, 19th Jul 2019 ), rising from $0.93 to $0.96 During day the stock fluctuated 6.07% from a day low at $0.91 to a day high of $0.97. The price has fallen in 8 of the last 10 days and is down by -10.29% for this period. Volume fell in the last day by -58 143 shares, and in total, 424 813 shares bought and sold for approximately $407 778.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the AXAS stock price was $1.13 and low was $0.91.
  • 90 day high was $1.55 and low was $0.91.
  • 52 week high for the Abraxas Petroleum Corporation - $2.93 and low - $0.90.
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Trend

Abraxas Petroleum Corporation 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 -25.90% during the next 3 months and, with 90% probability hold a price between $0.55 and $0.83 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Thursday July 18, 2019, which indicates further gains 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. Abraxas Petroleum Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $0.98 and $1.04. A break-up above any of these levels will issue buy signals. 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.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 40 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Abraxas Petroleum Corporation finds support from accumulated volume at $0.96.

Support: $0.96 Price: $0.96 Resistance: $1.03

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.06 between high and low, or 6.07%. For the last week the stock has had a daily average volatility of 5.91%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

5.91 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.

Stronger Sell Today AXAS ranks #4386 as SELL CANDIDATE #4386 Weaker Sell

Will AXAS stock price go up or down on Mon, 22 Jul 2019?

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