Axon Enterprise is provider of law enforcement technology solutions. Co.'s operations comprise two reportable segments: TASER, which is engaged in the development, manufacture and sale of conducted energy devices, which Co. sells under its brand name, TASER; and Software and Sensors, which is engaged in the development, manufacture and sale hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share and analyze video and other digital evidence.
When researching a stock like Axon Enterprise, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from AXON Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for AXON stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the AXON 200 day moving average ("AXON 200 DMA"), while one of the most popular "shorter look-backs" is the AXON 50 day moving average ("AXON 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Axon Enterprise. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the AXON 200 DMA and the AXON 50 DMA, we get a moving average convergence divergence indicator ("AXON MACD"). The AXON MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis