AXGN Forecast and Technical Stock AnalysisBuy candidate since 2019-07-17
AxoGen gained 3.01% in the last trading day ( Wednesday, 17th Jul 2019 ), rising from $19.62 to $20.21 During day the stock fluctuated 3.86% from a day low at $19.54 to a day high of $20.30. The price has risen in 7 of the last 10 days and is up by 2.43% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 220 630 more shares were traded than the day before. In total, 511 794 shares bought and sold for approximately $10.34 million.
- 30 day high of the AXGN stock price was $22.10 and low was $18.69.
- 90 day high was $25.84 and low was $17.96.
- 52 week high for the AxoGen - $56.85 and low - $14.13.
AxoGen 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 -14.27% during the next 3 months and, with 90% probability hold a price between $14.17 and $19.17 at the end of this period.
Only positive signals in the chart today. AxoGen holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $20.03 and $20.16. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday July 16, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 60 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
AxoGen finds support from accumulated volume at $19.83.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.76 (3.86%) between high and low. For the last week, the stock has had a daily average volatility of 4.58%.
Our recommended stoploss: $19.24 (-4.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
4.58 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
|AXGN $20.21 ($0.59 3.01%)|
AXGN is up $0.59 today, but where's it headed in 2019?
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