Stock Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Abraxas Petroleum Corp (NASDAQ:AXAS)
Bull Market Weakness (+75) - AXAS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AXAS as it may be in the beginning stages of a reversal.
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 May 23rd, 2019 at 1.0100
The intermediate-term trend has been UP since Apr 2nd, 2020 at 0.1499
The short-term trend has been UP since Apr 2nd, 2020 at 0.1300
Smart Scan Analysis for AXAS
Based on our trend formula, AXAS is rated as a +70 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||1.55||52wk High Date||2019-04-23|
|52wk Low||0.09||52wk Low Date||2020-03-18|
|Year End Close||2.19||Average Volume||3,728,367|
|Shares Outstanding||168,400||Short Interest||9,517,653|
|% Institutional||48.2||Market Cap||88M|