Stock Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Abraxas Petroleum Corp (NASDAQ:AXAS)
Countertrend Up (+85) - AXAS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Feb 5th, 2021 at 3.5000
The intermediate-term trend has been UP since Jan 12th, 2021 at 2.7400
The short-term trend has been DOWN since Mar 2nd, 2021 at 3.8294
Smart Scan Analysis for AXAS
Based on our trend formula, AXAS is rated as a +85 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||11||52wk High Date||2020-04-24|
|52wk Low||1.41||52wk Low Date||2020-10-29|
|Year End Close||2.19||Average Volume||864,603|
|Shares Outstanding||8,403||Short Interest||9,517,653|
|% Institutional||48.2||Market Cap||88M|