Why Axon Shares Are Sliding Tuesday?

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.

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