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Abraxas Petroleum Corporation (AXAS) - Buy, Sell or Hold?

Sector: Energy   Sub-Sector: Oil & Gas Production
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneDojiFri, 10 Nov 2017-6.73%
***Stock database and scans are updated around midnight (New York time) every trading day.
1.94 0.00 (0%) Nov 28 4:00pm EST
Open: 2.02 Range: 1.94 - 2.04 Vol: 1.6M Avg Vol: 1.01M
EPS: 0.08 P/E ratio: 25.36 EBITDA: 42.36M Mkt Cap: 345.82M
Analyze "AXAS" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 2.01
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 2.10
Last Trade is below the 50 day moving average at 1.99
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 1.88
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of AXAS

Stock Trend Analysis - Buy, Sell or Hold "Abraxas Petroleum Corporation" (AXAS)?

AXAS is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 53% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation AXAS will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 1.88. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "AXAS".

The analyst consensus estimates for the 1 year price target for this stock is $2.70* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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