AAXN soars 2.77% closing $1.98 higher

Axon Enterprise Inc (AAXN) Technical Analysis Report for Sep 14, 2018


AAXN rallies 2.77% closing $1.98 higher
AAXN closes higher for the 2nd day in a row
AAXN ends the day on a bullish note closing near the high of the day
AAXN pushes through previous session high
AAXN rises to highest close since July 23rd

TQ Sentiment

Report Sentiment: 37% Bullish
Technical Forecast:


Moving higher for the 2nd day in a row, AAXN finished the week 4.19% higher at 73.41 after surging $1.98 (2.77%) today. This is the biggest single day gain in over a month. Today's closing price of 73.41 marks the highest close since July 23rd. Closing above Thursday's high at 72.13, the share confirms its breakout through the prior session's high having traded $1.48 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for AAXN


Friday's trading range was $1.97 (2.73%), that's slightly above last trading month's daily average range of $1.91. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average. Prices continued to consolidate within a tight trading range between 70.35 and 73.64 which it has been in now for the last trading week.


Prices are trading close to the key resistance level at 73.64.


The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Buying might accelerate should prices move above the nearby swing high at 73.64 where further buy stops could get activated. With prices trading close to this year's high at 76.45, upside momentum might speed up should the stock be able to break out to new highs for the year.


While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bullish.

Market Conditions for Axon Enterprise Inc

Loading Market Conditions for $AAXN (Axon Enterprise Inc)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Axon Enterprise Inc traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Stocks

AAL 10 day candlestick chart for AAL 43.60 1.71 (4.08%)
ACM 10 day candlestick chart for ACM 33.03 0.02 (0.06%)
ADP 10 day candlestick chart for ADP 150.68 1.80 (1.21%)
ADT 10 day candlestick chart for ADT 9.37 0.45 (5.04%)
AGCO 10 day candlestick chart for AGCO 60.24 -0.89 (-1.46%)
AIT 10 day candlestick chart for AIT 81.15 0.10 (0.12%)
AL 10 day candlestick chart for AL 46.15 0.30 (0.65%)
ALK 10 day candlestick chart for ALK 70.08 0.33 (0.47%)
ALLE 10 day candlestick chart for ALLE 90.07 -0.84 (-0.92%)
AME 10 day candlestick chart for AME 81.53 0.15 (0.18%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!