ASA GOLD AND PRECIOUS METALS (ASA) Stock Technical Analysis
USA - NYSE:ASA - BMG3156P1032
45.24 USD
+0.44 (+0.98%)
45.2501 USD
+0.01 (+0.02%)
Taking everything into account, ASA scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ASA has proven to be a steady performer, scoring decent points in every aspect analyzed.
In the last month ASA has a been trading in the 42.82 - 53.76 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, ASA did better than 94% of all other 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.
Although ASA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
26.34
45.69
When analyzing the support we can see 4 important areas.
- A support zone ranging from 44.79 to 45.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.91 from a trend line in the daily time frame.
- Support @33.93 from a trend line in the daily time frame.
- Support @26.61 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for ASA is neutral. |
| ChartMill Relative Strength | 94.98 | POSITIVE | ASA has a high relative strength, it outperformed 94.98% 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) | 48.22 | NEUTRAL | The RSI value for ASA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests ASA has a negative trend. |
| Stochastics (14,3) | 29.12 | NEUTRAL | The Stochastics value for ASA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for ASA suggests some volalility. |
| Average Directional Index/ADX (14) | 44.88 | POSITIVE | The high ADX value value for ASA 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)
45.24
+0.44 (+0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.98%
1 Week-13.15%
2 Weeks-6.91%
1 Month4.94%
3 Month38.73%
6 Month54.4%
12 Month103.69%
2 Year233.38%
3 Year271.43%
5 Year129.18%
10 Year473.38%
15 Year42.04%
Volatility
ATR(14)2.39
ATR(20)%4.8%
ATR Inc77.81%
Range Today1.96
ADR(20)1.82
ADR(20)%4.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.98
3 months CRS93.14
6 months CRS87.63
Mansfield3.7
10 Day High53.76
10 Day Low43.55
20 Day High53.76
20 Day Low42.82
52 Week High53.76
52 Week Low19.37
CS1 End45.23
CR1 StartN/A
Volume & EV
DER(3)1.88%
DER(5)-0.86%
Volume160.70K
Volume Incr49.38%
Vol(5)228.16K
Vol(50)162.31K