VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

AXSM Forecast and Technical Stock Analysis

Buy candidate since 2019-07-11 Loss -1.79%

Axsome Therapeutics gained 1.12% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $25.02 to $25.30 During day the stock fluctuated 5.59% from a day low at $24.13 to a day high of $25.48. The price has fallen in 7 of the last 10 days and is down by -7.43% for this period. Volume fell in the last day by -120 024 shares, and in total, 525 090 shares bought and sold for approximately $13.28 million. 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 AXSM stock price was $28.00 and low was $22.23.
  • 90 day high was $28.00 and low was $14.60.
  • 52 week high for the Axsome Therapeutics - $28.00 and low - $1.94.
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Trend

Axsome Therapeutics lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $24.71 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 42.57% during the next 3 months and, with 90% probability hold a price between $35.22 and $44.21 at the end of this period.

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Signals

Only positive signals in the chart today. Axsome Therapeutics holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $25.68. On a fall, the stock will find some support from the long-term average at approximately $24.39. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday July 17, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 49 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

On the downside, the stock finds support just below today's level from accumulated volume at $23.57 and $21.74.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Axsome Therapeutics finds support just below today's level at $23.57. If this is broken, then the next support from accumulated volume will be at $21.74 and $19.15.

Support: $23.57 Price: $25.30 Resistance: $25.39

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.35 between high and low, or 5.59%. For the last week, the stock has had a daily average volatility of 4.64%.

Our recommended stoploss: $23.86 (-5.71%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

4.64 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals, along with a general good trend, are positive and 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.

Weaker Buy Today AXSM ranks #725 as BUY CANDIDATE #725 Stronger Buy

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

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