Stock Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
ABRAXAS PETROLEUM CORP (NASDAQ:AXAS)
Sidelines Mode (+50) - AXAS is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until AXAS can gain momentum.
Is it time to buy, sell, or avoid AXAS?
MarketClub looks at technical strength and momentum to determine if the timing is right for AXAS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AXAS
The long-term trend has been DOWN since Aug 4th, 2021 at 1.85
The intermediate-term trend has been UP since Sep 28th, 2021 at 2.02
The short-term trend has been UP since Oct 21st, 2021 at 1.86
Smart Scan Analysis for AXAS
Based on our trend formula, AXAS is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||3.27||Year High Date||2018-05-22|
|Year Low||1.58||Year Low Date||2018-11-13|
|52wk High||4.99||52wk High Date||2021-02-25|
|52wk Low||1.23||52wk Low Date||2021-08-04|
|Year End Close||2.19||Average Volume||47,945|
|Shares Outstanding||8,422||Short Interest||9,517,653|
|% Institutional||48.2||Market Cap||88M|