AXON Price Prediction Next Week
Based on the provided data and technical analysis, here's the price prediction for AXON for the next trading week:
Technical Analysis:
- Current price: $611.00
- RSI(14): 55.12 indicates neutral momentum
- MACD: -0.98 showing slight bearish divergence
- SMA20: $594.37 acting as support
- SMA200: $413.20 showing strong long-term uptrend
Fibonacci Levels:
- Resistance 3: $646.72
- Resistance 2: $624.25
- Resistance 1: $610.37
- Pivot: $587.90
- Support 1: $565.43
- Support 2: $551.55
- Support 3: $529.08
News Sentiment Analysis:
- Positive catalysts:
- Morgan Stanley included AXON in their favorite picks ahead of earnings
- Upcoming Q4 earnings on February 25, with analysts expecting strong performance
- Recent inclusion in Nasdaq-100 Index strengthening institutional interest
Price Target for Next Week: Based on technical and fundamental factors, AXON is likely to trade between $610-625 range:
- Bullish scenario (60% probability): Break above $615 could push price to $624.25 (Fibonacci R2)
- Bearish scenario (40% probability): Support at $587.90 (Fibonacci pivot)
- Key resistance: $624.25
- Key support: $587.90
Trading Recommendation: BUY
- Entry point: Current levels ($611)
- Stop loss: $587.90
- Target: $624.25
- Risk/Reward ratio: 1:1.8
The stock shows strong momentum with positive news catalysts and upcoming earnings. Technical indicators suggest a bullish bias while maintaining above the 20-day SMA.
AXON Similar Chart Price Prediction
The price of AXON is predicted to go up 2.3%, based on the high correlation periods with NWSA. The similarity of these two price pattern on the periods is 97.07%.
AXON
NWSA
Up: 2.3%Similarity: 97.07%
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AXON Analyst's Forecast
Andrew Sherman
TD Cowen
Strong Buy
Price Target
$700
Upside
+21.56%
TD Cowen analyst Andrew Sherman initiated coverage of Axon with a Buy rating and $700 price target. Axon has built an ecosystem for public safety and enjoys high market share with durable competitive advantages, the analyst tells investors in a research note. The firm says its customer checks "were very bullish." It see s strong Taser 10 and Body 4 product cycles as well as artificial intelligence tailwinds for the company.
William Power
Baird
Buy
Price Target
$600 → $800
Upside
+15.94%
Meta Marshall
Morgan Stanley
Hold → Buy
Price Target
$500 → $700
Upside
+4.94%