Abraxas Petroleum Technical Analysis (NASDAQ:AXAS)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Abraxas Petroleum stock price data and volume are plotted in AXAS stock charts and these trading charts form the basis of technical analysis.
See Abraxas Petroleum bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Abraxas Petroleum stock analysis that does not care for the fair value of a company but uses price and volume data only.
Abraxas Petroleum Moving Average
Moving averages help predict the price direction of AXAS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $2.8 is above the price of $2.17.
Abraxas Petroleum Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Abraxas Petroleum. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Abraxas Petroleum bollinger bands.
Abraxas Petroleum Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Abraxas Petroleum MACD line is below the signal line.
Abraxas Petroleum Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of AXAS stock is 23.81.