ASA GOLD AND PRECIOUS METALS (ASA) Stock Technical Analysis
NYSE:ASA - New York Stock Exchange, Inc. - BMG3156P1032 - Currency: USD
Overall ASA gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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!
When comparing the yearly performance of all stocks, we notice that ASA is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by ASA over the past year are nicely spread over this period.
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 30.35 - 34.39 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Besides having an excellent technical rating, ASA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 32.25, a Stop Loss order could be placed below this zone.
More info and screens
24.32
34.81
When analyzing the support we can see 4 important areas.
- A support zone ranging from 31.26 to 32.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.52 to 30.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.63 from a trend line in the daily time frame.
- Support @24.57 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 34.30 to 34.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 89.27 | POSITIVE | ASA has a high relative strength, it outperformed 89.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ASA is above a declining 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) | 53.89 | NEUTRAL | The RSI value for ASA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ASA has a positive trend. |
| Stochastics (14,3) | 76.84 | NEUTRAL | The Stochastics value for ASA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for ASA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.92 | NEGATIVE | The low ADX value for ASA suggests a weak or negative 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 |
|---|---|---|---|
| 34.48 | 31.25 | 3.23 (9.37%) | 10.67% |
| An entry @34.48. This is a Buy Stop order right above the resistance zone. | An exit @31.25. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.23 points, which is 9.37%. | When investing 10.67% 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.
32.65
-0.1 (-0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.31%
1 Week4.01%
2 Weeks3.42%
1 Month-4.78%
3 Month6.21%
6 Month49.7%
12 Month70.5%
2 Year110.78%
3 Year115.8%
5 Year38.58%
10 Year314.34%
15 Year24.05%
Volatility
ATR(14)1.04
ATR(20)%3.18%
ATR Inc-20.29%
Range Today0.91
ADR(20)0.97
ADR(20)%2.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.27
Mansfield2.34
10 Day High33.28
10 Day Low31.06
20 Day High34.39
20 Day Low30.35
52 Week High35
52 Week Low17.42
CS1 End32.25
CR1 Start34.3
Volume & EV
DER(3)0.81%
DER(5)2.14%
Volume122.50K
Volume Incr27.53%
Vol(5)72.70K
Vol(50)60.20K