AMER SPORTS INC (AS) Stock Technical Analysis
NYSE:AS - New York Stock Exchange, Inc. - KYG0260P1028 - Common Stock - Currency: USD
Taking everything into account, AS scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AS is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that AS is one of the better performing stocks in the market, outperforming 97% of all stocks.
AS is part of the Textiles, Apparel & Luxury Goods industry. There are 48 other stocks in this industry. AS outperforms 100% of them.
AS is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AS is leading the market.
AS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
AS has an average volume of 5076240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
22.11
38.90
We found 4 important support areas.
- A support zone ranging from 36.23 to 36.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.63 from a trend line in the weekly time frame.
- Support @23.31 from a trend line in the daily time frame.
- Support @22.33 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @38.51 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AS is up. |
| ChartMill Relative Strength | 97.28 | POSITIVE | AS has a high relative strength, it outperformed 97.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.65 | NEUTRAL | The RSI value for AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests AS has a negative trend. |
| Stochastics (14,3) | 43.81 | NEUTRAL | The Stochastics value for AS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for AS suggests some volalility. |
| Average Directional Index/ADX (14) | 42.39 | POSITIVE | The high ADX value value for AS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 37.34 | 36.22 | 1.12 (3.00%) | 25.00% |
| An entry @37.34. This is a Buy Stop order right above the 10 day moving average. | An exit @36.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.12 points, which is 3.00%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
36.24
-1.17 (-3.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg-3.13%
1 Week-3.41%
2 Weeks-0.38%
1 Month17.47%
3 Month30.83%
6 Month31.07%
12 Month150.8%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.05
ATR(20)%4.1%
ATR Inc-17.44%
Range Today1.21
ADR(20)1.21
ADR(20)%3.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.28
Mansfield5.3
10 Day High39.17
10 Day Low36.02
20 Day High39.17
20 Day Low30.38
52 Week High39.17
52 Week Low10.11
CS1 End36.23
CR1 Start38.51
Volume & EV
DER(3)1.94%
DER(5)0.73%
Volume4.98M
Volume Incr-40.45%
Vol(5)3.78M
Vol(50)5.08M