ASSOCIATED BANC-CORP (ASB) Stock Technical Analysis
NYSE:ASB - New York Stock Exchange, Inc. - US0454871056 - Common Stock - Currency: USD
Taking everything into account, ASB scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ASB is only an average performer.
The long and short term trends are both positive. This is looking good!
ASB 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 ASB is lagging the market slightly.
In the last month ASB has a been trading in the 24.20 - 26.21 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.
ASB has an average volume of 1328280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ASB outperforms 62% of them, which is more or less in line with the market.
ASB is part of the Banks industry. There are 396 other stocks in this industry, ASB did better than 65% of them.
Besides having an excellent technical rating, ASB also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 25.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.59, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.76
26.53
We found 4 important support areas.
- A support zone ranging from 25.21 to 25.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.29 to 24.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.63 to 23.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.96 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 25.72 to 25.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.27 from a horizontal 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 ASB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASB is up. |
| ChartMill Relative Strength | 62.74 | NEUTRAL | ASB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.5 | NEUTRAL | The RSI value for ASB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ASB has a negative trend. |
| Stochastics (14,3) | 55.23 | NEUTRAL | The Stochastics value for ASB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for ASB suggests some volalility. |
| Average Directional Index/ADX (14) | 30.24 | POSITIVE | The high ADX value value for ASB 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)
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 |
|---|---|---|---|
| 25.75 | 25.20 | 0.55 (2.14%) | 25.00% |
| An entry @25.75. This is a Buy Stop order right above the resistance zone. | An exit @25.20. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.55 points, which is 2.14%. | For a 0.53% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ASB. Please evaluate whether better entry and exit points can be found.
- 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.
25.6
+0.33 (+1.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.31%
1 Week-0.85%
2 Weeks0.23%
1 Month4.23%
3 Month14.64%
6 Month1.91%
12 Month6.89%
2 Year35.09%
3 Year27.36%
5 Year99.38%
10 Year29.88%
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%2.24%
ATR Inc26%
Range Today0.69
ADR(20)0.57
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.74
Mansfield-0.03
10 Day High26.17
10 Day Low24.83
20 Day High26.21
20 Day Low24.2
52 Week High28.18
52 Week Low18.32
CS1 End25.59
CR1 Start25.72
Volume & EV
DER(3)-3.67%
DER(5)-2.46%
Volume1.97M
Volume Incr5.89%
Vol(5)1.75M
Vol(50)1.33M