Learn to Evaluate (AXSM) using the Charts
May 19, 2024, 09:14 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AXSM
- Buy AXSM slightly over 66.11 target 77.33 stop loss @ 65.92 Details
The technical summary data tells us to buy AXSM near 66.11 with an upside target of 77.33. This data also tells us to set a stop loss @ 65.92 to protect against excessive loss in case the stock begins to move against the trade. 66.11 is the first level of support below 76.54 , and by rule, any test of support is a buy signal. In this case, support 66.11 would be being tested, so a buy signal would exist.
- Short AXSM slightly under 77.33, target 66.11, stop loss @ 77.55 Details
The technical summary data is suggesting a short of AXSM as it gets near 77.33 with a downside target of 66.11. We should have a stop loss in place at 77.55though. 77.33 is the first level of resistance above 76.54, and by rule, any test of resistance is a short signal. In this case, if resistance 77.33 is being tested, so a short signal would exist.
Swing Trading Plans for AXSM
- Buy AXSM slightly over 77.33, target 77.56, Stop Loss @ 77.11 Details
If 77.33 begins to break higher, the technical summary data tells us to buy AXSM just slightly over 77.33, with an upside target of 77.56. The data also tells us to set a stop loss @ 77.11 in case the stock turns against the trade. 77.33 is the first level of resistance above 76.54, and by rule, any break above resistance is a buy signal. In this case, 77.33, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AXSM slightly near 77.33, target 74.91, Stop Loss @ 77.55. Details
The technical summary data is suggesting a short of AXSM if it tests 77.33 with a downside target of 74.91. We should have a stop loss in place at 77.55 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 77.33, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for AXSM
- Buy AXSM slightly over 77.33, target 77.56, Stop Loss @ 77.15 Details
If 77.33 begins to break higher, the technical summary data tells us to buy AXSM just slightly over 77.33, with an upside target of 77.56. The data also tells us to set a stop loss @ 77.15 in case the stock turns against the trade. 77.33 is the first level of resistance above 76.54, and by rule, any break above resistance is a buy signal. In this case, 77.33, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AXSM slightly near 77.33, target 76.43, Stop Loss @ 77.51. Details
The technical summary data is suggesting a short of AXSM if it tests 77.33 with a downside target of 76.43. We should have a stop loss in place at 77.51 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 77.33, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Axsome Therapeutics Inc. (AXSM) available here: AXSM.
AXSM Ratings for May 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
66.11 |
| P2 |
76.43 |
74.91 |
77.33 |
| P3 |
78.31 |
77.56 |
88.96 |
AI Generated Signals for AXSM
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Axsome Therapeutics Inc. (NASDAQ: AXSM) report below can help you understand how to do this. The trading plans for AXSM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AXSM:
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