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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.

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NASDAQ_AXAS
Open High Low AXAS Price Change
1.8900 1.9900 1.8754 1.9600 +0.0300
Entry Signal

MarketClub’s Trade Triangles for AXAS

long term down The long-term trend has been DOWN since Apr 20th, 2021 at 2.23

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2021 at 3.80

short term down 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).

-90
Smart Scan Analysis for AXAS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8900 1.9900 1.8754 1.9600 +0.0300
Prev. Close Volume Bid Ask Time
1.9600 227814 2021-05-07 15:59:25
Year High3.27Year High Date2018-05-22
Year Low1.58Year Low Date2018-11-13
52wk High8.9852wk High Date2020-06-08
52wk Low1.4152wk Low Date2020-10-29
Year End Close2.19Average Volume337,920
Shares Outstanding8,403Short Interest9,517,653
% Institutional48.2Market Cap88M
Assets225,236,000MLiabilities229,474,000M
Beta2.01Volatility45.27
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