AXONICS INC. - Daily - Technical analysis published on 02/13/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
AXONICS INC. Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 32.55 USD
My targets
35.71 USD (+5.84%)
37.87 USD (+12.24%)
My analysis
The bullish trend is currently very strong on AXONICS MODULATION TECHNOLOGIES. As long as the price remains above the support at 32.55 USD, you could try to benefit from the boom. The first bullish objective is located at 35.71 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 37.87 USD as an objective. Crossing it would then enable buyers to target 40.10 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay.
Additional analysis
Quotes
AXONICS MODULATION TECHNOLOGIES rating 33.74 USD. On the day, this instrument gained +1.17% and was between 32.11 USD and 34.00 USD. This implies that the price is at +5.08% from its lowest and at -0.76% from its highest.32.11
34.00
33.74
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AXONICS MODULATION TECHNOLOGIES:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of AXONICS MODULATION TECHNOLOGIES indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.87 | 28.98 | 32.55 | 33.74 | 35.71 | 37.87 | 40.10 |
| Change (%) | -35.18% | -14.11% | -3.53% | - | +5.84% | +12.24% | +18.85% |
| Change | -11.87 | -4.76 | -1.19 | - | +1.97 | +4.13 | +6.36 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.34 | 30.98 | 32.16 | 32.80 | 33.98 | 34.62 | 35.80 |
| Camarilla | 32.85 | 33.02 | 33.18 | 33.35 | 33.52 | 33.68 | 33.85 |
| Woodie | 30.62 | 31.12 | 32.44 | 32.94 | 34.26 | 34.76 | 36.08 |
| Fibonacci | 30.98 | 31.67 | 32.10 | 32.80 | 33.49 | 33.92 | 34.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.41 | 27.42 | 28.82 | 29.83 | 31.23 | 32.24 | 33.64 |
| Camarilla | 29.55 | 29.77 | 29.99 | 30.21 | 30.43 | 30.65 | 30.87 |
| Woodie | 26.60 | 27.52 | 29.01 | 29.93 | 31.42 | 32.34 | 33.83 |
| Fibonacci | 27.42 | 28.34 | 28.91 | 29.83 | 30.75 | 31.32 | 32.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.71 | 21.93 | 25.48 | 29.71 | 33.26 | 37.49 | 41.03 |
| Camarilla | 26.89 | 27.60 | 28.32 | 29.03 | 29.74 | 30.46 | 31.17 |
| Woodie | 17.37 | 21.76 | 25.14 | 29.54 | 32.92 | 37.32 | 40.70 |
| Fibonacci | 21.93 | 24.90 | 26.74 | 29.71 | 32.68 | 34.52 | 37.49 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 69.80 | |
| MACD (12,26,9): | 0.9500 | |
| Directional Movement: | 15.20 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 31.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.44 | |
| Elder Ray (13): | 1.90 | |
| Super Trend (3,10): | 28.67 | |
| Zig ZAG (10): | 33.74 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 94.71 | |
| TEMA (21): | 31.97 | |
| Williams %R (14): | -4.57 | |
| Chande Momentum Oscillator (20): | 2.97 | |
| Repulse (5,40,3): | 9.9300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3700 | |
| Courbe Coppock: | 3.25 |
| MA7: | 31.27 | |
| MA20: | 30.81 | |
| MA50: | 28.53 | |
| MA100: | 26.08 | |
| MAexp7: | 31.84 | |
| MAexp20: | 30.68 | |
| MAexp50: | 29.05 | |
| MAexp100: | 28.25 | |
| Price / MA7: | +7.90% | |
| Price / MA20: | +9.51% | |
| Price / MA50: | +18.26% | |
| Price / MA100: | +29.37% | |
| Price / MAexp7: | +5.97% | |
| Price / MAexp20: | +9.97% | |
| Price / MAexp50: | +16.14% | |
| Price / MAexp100: | +19.43% |
This member declared not having a position on this financial instrument or a related financial instrument.
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