AMER SPORTS INC (AS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AS - KYG0260P1028 - Common Stock
Overall AS gets a technical rating of 9 out of 10. In the last year, AS was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, AS 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. There is a support zone below the current price at 36.82, a Stop Loss order could be placed below this zone.
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30.91
When analyzing the support we can see 3 important areas.
- Support @36.82 from a horizontal line in the daily time frame.
- A support zone ranging from 35.80 to 36.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 31.22 to 31.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @39.28 from a trend 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 | 82.74 | POSITIVE | AS has a high relative strength, it outperformed 82.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AS is above 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) | 61.12 | NEUTRAL | The RSI value for AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests AS has a negative trend. |
| Stochastics (14,3) | 56.83 | NEUTRAL | The Stochastics value for AS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for AS suggests some volalility. |
| Average Directional Index/ADX (14) | 29.96 | POSITIVE | The high ADX value value for AS suggests a strong trend. |
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 |
|---|---|---|---|
| 39.29 | 36.81 | 2.48 (6.31%) | 15.84% |
| An entry @39.29. This is a Buy Stop order right above the resistance zone. | An exit @36.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.48 points, which is 6.31%. | When investing 15.84% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
38.21
+0.03 (+0.08%)
AMER SPORTS INC / AS FAQ
Can you provide the ChartMill technical rating for AMER SPORTS INC?
ChartMill assigns a technical rating of 9 / 10 to AS.
What is the current trend direction of AMER SPORTS INC (AS) stock?
The current trend direction for AMER SPORTS INC (AS) is Bullish.
Can you provide the RSI signal for AMER SPORTS INC?
AMER SPORTS INC (AS) has an RSI value of 61.1157. This indicates that the stock is currently neutral.
What is the short term momentum for AS stock?
The short term momentum for AMER SPORTS INC (AS) is positive.
What are the support and resistance levels for AMER SPORTS INC (AS) stock?
AMER SPORTS INC (AS) has a support level at 36.82 and a resistance level at 39.28. Check the full technical report for our detailed analysis of AS support and resistance levels.