ASA GOLD AND PRECIOUS METALS (ASA) Stock Technical Analysis
NYSE:ASA • BMG3156P1032
Overall ASA gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ASA is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ASA is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, ASA also shows a nice and consistent pattern of rising prices.
- ASA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ASA is lagging the market slightly.
- In the last month ASA has a been trading in the 62.06 - 78.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ASA also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 63.69, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ASA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
56.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 62.58 to 63.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @56.89 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @70.63 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 ASA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASA is up. |
| ChartMill Relative Strength | 97.42 | POSITIVE | ASA has a high relative strength, it outperformed 97.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ASA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.52 | NEUTRAL | The RSI value for ASA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests ASA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.75 | NEUTRAL | The Stochastics value for ASA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.08 | HIGH VOLATILITY | The high ATR as a percentage value for ASA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.75 | NEGATIVE | The low ADX value for ASA suggests a weak or negative 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 |
|---|---|---|---|
| 70.64 | 62.61 | 8.03 (11.37%) | 8.80% |
| An entry @70.64. This is a Buy Stop order right above the resistance zone. | An exit @62.61. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.03 points, which is 11.37%. | For a 1.00% total portfolio risk, you can invest 8.80% of your capital in this trade. |
- 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.
69.44
+2.53 (+3.78%)
ASA GOLD AND PRECIOUS METALS / ASA FAQ
What is the technical rating for ASA stock?
ChartMill assigns a technical rating of 10 / 10 to ASA.
What is the current trend direction of ASA GOLD AND PRECIOUS METALS (ASA) stock?
The current trend direction for ASA GOLD AND PRECIOUS METALS (ASA) is Bullish.
What is the RSI signal for ASA stock?
ASA GOLD AND PRECIOUS METALS (ASA) has an RSI value of 53.5236. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ASA GOLD AND PRECIOUS METALS?
The MACD indicator for ASA GOLD AND PRECIOUS METALS (ASA) has a value of -0.371549, indicating a bearish trend.
What is the short term momentum for ASA stock?
The short term momentum for ASA GOLD AND PRECIOUS METALS (ASA) is positive.