President Donald Trump‘s threats against Iran on Tuesday fueled risk-off volatility across the S&P 500 and Nasdaq, with shares of Axon Enterprise Inc (NYSE:AXON) traded down significantly on Tuesday.
Meanwhile, U.S. durable goods orders declined by 1.4% in February — the third consecutive monthly decline.
The Nasdaq fell 1.16% while the S&P 500 shed 0.73% following the report. Investors are pivoting away from growth sectors as macro uncertainty rises.
Trump Warnings Alarm Dems, Republicans Alike
Trump posted on Truth Social Tuesday morning: "A whole civilization will die tonight, never to be brought back again."
He added, "We will find out tonight, one of the most important moments in the long and complex history of the World."
The comments drew bipartisan backlash. Marjorie Taylor Greene, a former staunch ally turned Trump critic, called the comment “evil and madness.”
Technical Analysis
At $391.54, Scottsdale, Arizona-based Axon is trading 18.7% below its 20-day simple moving average (SMA), the stock’s average price over the last 20 sessions, which suggests the near-term trend is still pointed down. It's also 27.2% below its 100-day SMA, indicating the intermediate trend remains under sustained pressure.
The relative strength index (RSI), a momentum gauge, is 30.40, and it just entered oversold territory on 2026-04-07, which suggests selling pressure has been intense enough to stretch momentum.
In November, the death cross (50-day SMA falling below the 200-day SMA) reinforced the longer-running downtrend that the stock is still trying to stabilize from.
- Key Resistance: $475.00
- Key Support: $396.50
AXON Stock Price Activity: Axon Enterprise shares were down 6.59% at $385.84 at the time of publication on Tuesday, according to Benzinga Pro data.
Photo Courtesy: TIMS13 on Shutterstock.com
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