ASA GOLD AND PRECIOUS METALS (ASA) Stock Technical Analysis
USA - New York Stock Exchange - 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.
Although ASA has an excellent technical rating, the quality of the presented setup is not ideal 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
27.06
5 important support areas can be observed.
- A support zone ranging from 46.55 to 47.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 44.91 to 45.37. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @44.07 from a horizontal line in the daily time frame.
- Support @38.05 from a trend line in the daily time frame.
- Support @27.33 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 | UP | POSITIVE | The short term trend for ASA is up. |
| ChartMill Relative Strength | 96.76 | POSITIVE | ASA has a high relative strength, it outperformed 96.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASA is above 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) | 62.27 | NEUTRAL | The RSI value for ASA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests ASA has a positive trend. |
| Stochastics (14,3) | 72.07 | NEUTRAL | The Stochastics value for ASA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for ASA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.4 | NEGATIVE | The low ADX value for ASA suggests a weak or negative trend. |
50.92
+1.97 (+4.02%)
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.
Can you provide the trend direction for ASA GOLD AND PRECIOUS METALS?
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 62.2669. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ASA GOLD AND PRECIOUS METALS?
The short term momentum for ASA GOLD AND PRECIOUS METALS (ASA) is positive.
What are the support and resistance levels for ASA GOLD AND PRECIOUS METALS (ASA) stock?
ASA GOLD AND PRECIOUS METALS (ASA) has a support level at 47.88. Check the full technical report for our detailed analysis of ASA support and resistance levels.