Axos Financial Inc. (NYSE: AX) Price Momentum
Axos Financial Inc. 50-day SMA is moving above its 200-day SMA indicating a bullish trend.
Price Momentum
AX is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
AX stock's support level is around $30, which is the lowest point reached in September 2023. The resistance level is around $40, which is the highest point reached in August 2023.
Ax
AX - Bump and RunA pattern called a bump and run where price over extends a lot but then returns to the strong trend line and accounts for the large rise
I have shown this bump and run with arrows on chart
Being at the long term trend line on this Weekly timeframe I would say that AX has bullish potential.