AxoGen Stock Forecast

Is AxoGen stock still a buy after falling -5.62% on Thursday?
(Updated on Apr 18, 2024)

AXGN Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $7.08 and $8.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -38.73%. Further fall is indicated until a new bottom pivot has been found. AxoGen gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for AxoGen stock

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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.456 between high and low, or 7.03%. For the last week, the stock has had daily average volatility of 4.48%.

AxoGen is oversold on RSI14 (20). 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 a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AXGN) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect AxoGen to open at $6.66, and during the day (based on 14 day Average True Range), to move between $6.20 and $6.90, which gives a possible trading interval of +/-$0.354 (+/-5.40%) up or down from last closing price. If AxoGen takes out the full calculated possible swing range there will be an estimated 10.81% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $7.68, some $1.13 (17.25%) from the current price of $6.55, our system finds the risk reward not very attractive.

Is AxoGen stock A Buy?

AxoGen 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: -7.512 Strong Sell Candidate Unchanged

Predicted Opening Price for AxoGen of Friday, April 19, 2024

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