Axon Enterprise Stock Technical Analysis

AXON
 Stock
  

USD 123.29  2.34  1.93%   

As of the 5th of October, Axon Enterprise shows the Risk Adjusted Performance of 0.1886, downside deviation of 2.31, and Mean Deviation of 2.17. Axon Enterprise technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Axon Enterprise, which can be compared to its rivals. Please confirm Axon Enterprise coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Axon Enterprise is priced correctly, providing market reflects its regular price of 123.29 per share. Given that Axon Enterprise has jensen alpha of 0.4863, we suggest you to validate Axon Enterprise's prevailing market performance to make sure the company can sustain itself at a future point.
  

Axon Enterprise Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Axon Enterprise, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Axon Enterprise
Axon Enterprise's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Axon Enterprise Analyst Consensus

Target PriceAdvice# of Analysts
218.9Buy10Odds
Axon Enterprise current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Axon Enterprise analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Axon Enterprise stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Axon Enterprise, talking to its executives and customers, or listening to Axon Enterprise conference calls.
Axon Enterprise Analyst Advice Details
Axon Enterprise technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Axon Enterprise technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Axon Enterprise trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Axon Enterprise Technical Analysis

Indicator
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Execute Indicator
The output start index for this execution was one with a total number of output elements of sixty. The Normalized Average True Range is used to analyze tradable apportunities for Axon Enterprise across different markets.
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Axon Enterprise Trend Analysis

Use this graph to draw trend lines for Axon Enterprise. You can use it to identify possible trend reversals for Axon Enterprise as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Axon Enterprise price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Axon Enterprise Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Axon Enterprise applied against its price change over selected period. The best fit line has a slop of   0.31  , which means Axon Enterprise will continue generating value for investors. It has 122 observation points and a regression sum of squares at 3673.38, which is the sum of squared deviations for the predicted Axon Enterprise price change compared to its average price change.

About Axon Enterprise Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Axon Enterprise on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Axon Enterprise based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Axon Enterprise price pattern first instead of the macroeconomic environment surrounding Axon Enterprise. By analyzing Axon Enterprise's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Axon Enterprise's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Axon Enterprise specific price patterns or momentum indicators. Please read more on our technical analysis page.

Axon Enterprise October 5, 2022 Technical Indicators

Most technical analysis of Axon Enterprise help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Axon Enterprise from various momentum indicators to cycle indicators. When you analyze Axon Enterprise charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Axon Enterprise October 5, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Axon Enterprise stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please continue to Trending Equities. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running Axon Enterprise price analysis, check to measure Axon Enterprise's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Axon Enterprise is operating at the current time. Most of Axon Enterprise's value examination focuses on studying past and present price action to predict the probability of Axon Enterprise's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Axon Enterprise's price. Additionally, you may evaluate how the addition of Axon Enterprise to your portfolios can decrease your overall portfolio volatility.
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Is Axon Enterprise's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Axon Enterprise. If investors know Axon Enterprise will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Axon Enterprise listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Axon Enterprise is measured differently than its book value, which is the value of Axon Enterprise that is recorded on the company's balance sheet. Investors also form their own opinion of Axon Enterprise's value that differs from its market value or its book value, called intrinsic value, which is Axon Enterprise's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Axon Enterprise's market value can be influenced by many factors that don't directly affect Axon Enterprise's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Axon Enterprise's value and its price as these two are different measures arrived at by different means. Investors typically determine Axon Enterprise value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axon Enterprise's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.