Stock Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Abraxas Petroleum Corp (NASDAQ:AXAS)
Long-Term Downtrend (-90) - AXAS is in a strong downtrend that is likely to continue. While AXAS is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Apr 20th, 2021 at 2.23
The intermediate-term trend has been DOWN since Mar 18th, 2021 at 3.80
The short-term trend has been DOWN since Apr 30th, 2021 at 2.12
Smart Scan Analysis for AXAS
Based on our trend formula, AXAS is rated as a -90 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||8.98||52wk High Date||2020-06-08|
|52wk Low||1.41||52wk Low Date||2020-10-29|
|Year End Close||2.19||Average Volume||337,920|
|Shares Outstanding||8,403||Short Interest||9,517,653|
|% Institutional||48.2||Market Cap||88M|