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Stock Trend Analysis Report

Prepared for you on Friday, November 27, 2020.

Abraxas Petroleum Corp (NASDAQ:AXAS)

Crossroads (+60) - AXAS is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

NASDAQ_AXAS
Open High Low AXAS Price Change
2.510 2.600 2.375 2.520 +0.010
Entry Signal

MarketClub’s Trade Triangles for AXAS

long term down The long-term trend has been DOWN since Oct 19th, 2020 at 53.080

intermediate term up The intermediate-term trend has been UP since Nov 17th, 2020 at 2.080

short term up The short-term trend has been UP since Nov 17th, 2020 at 1.951

Smart Scan Analysis for AXAS

Based on our trend formula, AXAS is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for AXAS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.510 2.600 2.375 2.520 +0.010
Prev. Close Volume Bid Ask Time
1.570 480012 2020-11-25 15:58:31
Year High3.27Year High Date2018-05-22
Year Low1.58Year Low Date2018-11-13
52wk High1152wk High Date2020-04-24
52wk Low1.4152wk Low Date2020-10-29
Year End Close2.19Average Volume954,792
Shares Outstanding8,403Short Interest9,517,653
% Institutional48.2Market Cap88M
Assets300,023,000MLiabilities237,418,000M
Beta2.01Volatility45.27
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