Technical Analysis for AXAS - Abraxas Petroleum Corporation

Grade Last Price % Change Price Change
grade F 0.19 -1.04% 0.00
AXAS closed down 1.04 percent on Thursday, August 13, 2020, on 50 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical AXAS trend table...

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Stochastic Buy Signal Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Gilligan's Island Buy Setup Bullish Swing Setup 0.00%
Doji - Bullish? Reversal 0.00%
BB Squeeze Ended Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%

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Profile

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploitation, development, and production of oil and gas in the United States and Canada. The company operates oil and gas assets in the Rocky Mountain, Mid-Continent, Permian Basin, and onshore Gulf Coast regions of the United States, as well as in the province of Alberta, Canada. As of December 31, 2012, its estimated net proved reserves were 30.1 million barrels of oil equivalent. The company was founded in 1977 and is based in San Antonio, Texas.
Energy Petroleum Industry Oil And Gas Oil Equivalent Petroleum Industry In Canada Oil Companies Energen Resources Corporation Oil And Gas Assets

Is AXAS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.68
52 Week Low 0.09
Average Volume 7,479,989
200-Day Moving Average 0.24
50-Day Moving Average 0.24
20-Day Moving Average 0.21
10-Day Moving Average 0.20
Average True Range 0.02
ADX 8.59
+DI 21.12
-DI 25.26
Chandelier Exit (Long, 3 ATRs ) 0.20
Chandelier Exit (Short, 3 ATRs ) 0.23
Upper Bollinger Band 0.23
Lower Bollinger Band 0.18
Percent B (%b) 0.1
BandWidth 23.48
MACD Line -0.01
MACD Signal Line -0.01
MACD Histogram -0.0006
Fundamentals Value
Market Cap 30.85 Million
Num Shares 162 Million
EPS 0.08
Price-to-Earnings (P/E) Ratio 2.38
Price-to-Sales 4.96
Price-to-Book 2.92
PEG Ratio 7.35
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.21
Resistance 3 (R3) 0.20 0.20 0.20
Resistance 2 (R2) 0.20 0.19 0.20 0.20
Resistance 1 (R1) 0.19 0.19 0.20 0.20 0.20
Pivot Point 0.19 0.19 0.19 0.19 0.19
Support 1 (S1) 0.18 0.18 0.19 0.19 0.18
Support 2 (S2) 0.18 0.18 0.18 0.18
Support 3 (S3) 0.17 0.18 0.18
Support 4 (S4) 0.18