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Axon Enterprise IncAxon Enterprise IncAxon Enterprise Inc

Axon Enterprise Inc

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AXON: Navigating Support After Short-Term Trend ReversalAXON: Navigating Support After Short-Term Trend Reversal Overall Trend and Channels: The stock has been in a clear uptrend since late February/early March, characterized by higher highs and higher lows. Two ascending channels are identified: A red diagonal band labeled "Short-Term Support, multiple times already tested" represents a steeper, more immediate trendline that the price has followed closely. A blue diagonal channel appears to define a broader, less aggressive uptrend, encompassing the price action over a longer period. Recent Price Action and Breakdown: The most recent price action, highlighted by the upper blue ellipse, shows a significant red candlestick indicating a strong down move. This candlestick has clearly broken below the "Short-Term Support" (red diagonal band). This breakdown suggests a loss of immediate bullish momentum and a potential shift into a corrective or consolidation phase after an extended rally. The current price of 777.05 is now below this previously established dynamic support. Identified Support Levels: Potential Area 700 to 715 (Green Horizontal Box): This zone is marked as the "Potential Area to look at if price drops" and "Ideal Level." It represents the next significant horizontal support level that the price could test if the current decline continues. This area also appears to align with the lower boundary of the broader blue ascending channel, providing confluence and strengthening its significance as potential support. Earnings Volatility Area 650 (Green Horizontal Box): This level is identified as a potential support that "Earnings volatility can trigger." This suggests it's a known historical support that might be tested under conditions of significant selling pressure, such as a negative reaction to earnings reports. Key Support Area 575 (Green Horizontal Box): This is the lowest and appears to be the strongest support level highlighted on the chart, labeled as "Key Support Area." This typically implies a major historical turning point or a strong accumulation zone where buyers have previously stepped in forcefully. Historical Volatility and Support Tests (Lower Blue Ellipses): The middle blue ellipse around late February highlights a prior instance where the price experienced a sharp decline, breaking through an earlier support level (likely the upper boundary of the blue channel that turned into resistance after breaking above it later on) before finding temporary support. The bottom blue ellipse in early March highlights a substantial plunge in price that tested and found strong support at the "Key Support Area 575," followed by a significant bounce. This confirms the historical importance and strength of the 575 level. In summary, the chart indicates that AXON has recently broken down from its immediate short-term uptrend. Technical analysts would now be observing whether the price finds support at the 700-715 zone, which is reinforced by the broader trend channel. Further downside could test the 650 area (potentially triggered by earnings), with the 575-level serving as a critical, long-term historical support floor. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.  
NASDAQ:AXONLong
by ManiMarkets
Axon's Ascent: More Than Meets the Eye?Axon Enterprise, a leader in public safety technology, anticipates a robust first quarter for 2025, with analysts projecting significant increases in revenue and earnings per share. This optimistic outlook builds upon the company's consistent track record of exceeding market expectations in previous quarters. Driving this performance are strong fundamentals, including sustained demand for core TASER products and cartridges, alongside substantial growth in the Software & Sensors division, fueled by expanding user networks, increased adoption of cloud services, and the successful launch of new hardware like the Axon Body 4 camera. The company actively pursues strategic expansion, entering into key partnerships with entities such as Skydio for drone technology and Ring for community safety integrations. Recent acquisitions, including Dedrone for airspace security, further bolster Axon's comprehensive ecosystem, which is designed to enhance real-time public safety operations. These collaborations and acquisitions, coupled with the introduction of advanced AI-powered tools like Axon Assistant and Draft One, demonstrate Axon's commitment to innovation and its ability to capture new market opportunities, positioning it as a forward-thinking player in the sector. Investor confidence remains high, evidenced by significant holdings from institutional investors and predominantly positive ratings from Wall Street analysts. This financial backing reflects belief in Axon's growth strategy and its improving profitability profile. While some fringe discussions have attempted to link Axon's trajectory to unrelated societal issues, the company's growth is demonstrably rooted in technological advancement, strategic business development, and meeting the evolving demands of public safety agencies globally. Axon's focus on responsible innovation and building integrated solutions underscores its genuine business drivers.
NASDAQ:AXONLong
by UDIS_View
Axon’s Uptrend May Remain IntactAxon Enterprise has been climbing since last summer, and some traders may think its uptrend remains intact. The first pattern on today’s chart is the tight consolidation pattern since February. The broader market revisited prices from a year prior, but the law-enforcement IT company never broke levels from just three months earlier. That shallower pullback may suggest buyers remain in control. Second, AXON ended last week above the top of the range. Has a breakout begun? Third, the stock tested and held its rising 200-day simple moving average on April 7. That may suggest the long-term uptrend remains in effect. Next, MACD is rising. The 8-day exponential moving average (EMA) is also above the 21-day EMA. Those signals may indicate its short-term trend has gotten more bullish. Finally, rallies after the last three earnings reports may reflect bullish sentiment towards AXON’s fundamentals. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:AXON
by TradeStation
Axon Shoots Prior To Generative AI Prototype NewsAxon Enterprise (AXON), the supplier of Tasers, body cameras and cloud-based software to law enforcement, blew past third-quarter earnings estimates This week. Axon stock rose back into buy range ahead of Wednesday's open. Axon Earnings Results: Axon reported Q3 adjusted EPS of $1.02. That was 26 cents ahead of estimates and up 70% from a year ago. Revenue grew 33% to $413.6 million vs. $391.1 million estimates. It was the seventh straight quarter with at least 30% growth. Net revenue retention, meaning the extent to which existing clients either extended, expanded or reduced Axon contracts, was steady at 122%. Outlook: Axon raised its full-year revenue outlook to $1.55 billion, equating to 30% growth and up from the prior range of $1.51 billion to $1.53 billion. Adjusted EBITDA is now seen at $322 million, up from the earlier implied range of $302 million to $306 million. The new guidance implies full-year adjusted EBITDA margin of 20.8%, above the earlier guidance of 20%. Axon has a longer-term target of reaching a 25% adjusted EBITDA margin. Axon said sales of its new Taser 10 stun gun, which nearly doubles the range of the Taser 7, grew about 50% sequentially. The biggest three orders came from international customers and the corrections industry. Technical Analysist Price Momentum AXON 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.
NASDAQ:AXONLong
by DEXWireNews
Rising need for innovative law enforcement solutions. AXON longQuantitative Analysis • Earnings growth positive and above sector average • Stock P/E on a premium to sector and positive • Global Law Enforcement Software Market size is expected to grow from USD 16.4 billion in 2023 to USD 25.6 billion by 2028, according to a new report by Marketsand Markets. • Increased rates and the changing nature of crime are major drivers for the rise in the need for innovative law enforcement solutions and services. • Increase in US gun violence in recent years. Axon aims to cut gun-related deaths between police and the public by 50% in the next decade. Business • Strong demand for Axon Cloud SaaS services, Axon Fleet 3, and Taser 7 • New major products innovations – Taser 10 platform, body camera, Axon Body 4 • Axon Body 4 is currently being trialed by several agencies in the U.S. and will begin shipping in the second half of 2023. • TASER 10 was unveiled in January 2023 and the company expects order volume to grow throughout 2023. • Continuing to shift an increasing amount of business to a subscription model. KPIs • Full year 2023 revenue expected to be between $1.44 billion to $1.46 billion, reflecting approximately 22% year over year growth at the midpoint. • Adjusted EBITDA margin of 20% in 2023. • Expect stock-based compensation expense to be approximately $141 million for the full year. • Expect 2023 CapEx to be in the range of $50 million to $65 million. • Total company future contracted revenue expected to recognized between 15% to 25% of $4.8 billion over the next twelve months. Catalysts • Strong 2023 Q2 earnings • Axon Body 4 and TASER 10 sales • Investment in Cellebrite DI Ltd (“CLBT”) Trade Trade might take longer than expected to work. Targeting August 2023 earnings for movement.
NASDAQ:AXONLong
by syy891013
AXON Entry, Volume, Target, Stop, ResistanceWhen price clears: 229.00 With average or better daily volume Target: 268.00 area Depending on your risk tolerance: 216.00 gets you 3/1 Risk/Reward. Resistance: Near all time highs, clear skies above. This trade idea is not trade advice. This idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:AXONLong
by tradepatiently
AXON daily possible bullish moves but need to consolidate firstTHE CONSISTENT TRADES analyze AXON as a bullish /strong fundamental stock and therefore would be traded only in a long position. AXON had two very strong weeks behind itself. Price found resistance at the recent top and start to consolidate on this level. Volume is increasing which is not the best option for the bulls but is not bearish for now. Only a stronger/bigger red candle with a lot of volume would indicate the possibility of moving down. Price is above all major MA which is bullish. RSI is overbought and needs to cool down for future healthy move-up. MACD formed bearish divergences and needs to continue to drop toward the zero line to cool down. Overall: AXON is a very bullish and strong fundamental stock, however at the moment is at its extreme and needs to cool down a little bit. The perfect option for the bull would be for the price to drop at 0.38 Fib or 0.5 and then continue to pop up again. In that case, would form both Cap and Handle patter and ascending triangle which both are bullish. Significant pop above the blue dotted line with volume would trigger a long position, otherize we should wait a little bit for the cooling process before a new leg up and break out of this resistance area.
NASDAQ:AXONLong
by Consistent_Trades