AXT Technical Analysis (NASDAQ:AXTI)
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. Just by looking at the AXT stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the AXTI stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for AXT. Technical analysis uses an approach for AXT stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
AXT Moving Average:
AXTI stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of AXT chart patterns after the calculations remain the same. The 100 day moving average of 7.27 is below the last closing price of 8.85. Moving averages can be used for AXTI trend identification. A rising moving average shows that stock prices are generally increasing.
AXT Bollinger Bands:
Bollinger bands comprise of a center line usually AXTI SMA, and two AXTI stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $8.85 is in the lower range of AXT bollinger bands.
AXT Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The AXT MACD line is below the signal line.
AXT Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of AXTI stock is 80.95. .