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Stock Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

ABRAXAS PETROLEUM (NASDAQ:AXAS)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

NASDAQ_AXAS
Open High Low AXAS Price Change
2.0700 2.0703 2.0000 2.0000 -0.0500
Entry Signal

MarketClub’s Trade Triangles for AXAS

long term down The long term trend has been DOWN since Aug 3rd, 2018 at 2.39

intermediate term down The intermediate term trend has been DOWN since Oct 10th, 2018 at 2.22

short term down The short term trend has been DOWN since Oct 17th, 2018 at 2.13

Smart Scan Analysis for AXAS

Based on a pre-defined weighted trend formula for chart analysis, AXAS scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for AXAS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0700 2.0703 2.0000 2.0000 -0.0500
Prev. Close Volume Bid Ask Time
2.0500 720722 2018-10-22 15:59:27
Year High3.27Year High Date2018-05-22
Year Low2.01Year Low Date2018-10-18
52wk High3.2752wk High Date2018-05-22
52wk Low1.8952wk Low Date2017-10-26
Year End Close2.19Average Volume1,019,536
Shares Outstanding92,557Short Interest9,517,653
% Institutional48.2Beta2.01
Volatility58.19
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