ASSOCIATED BANC-CORP (ASB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ASB - US0454871056 - Common Stock
Overall ASB gets a technical rating of 8 out of 10. Although ASB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ASB has an excellent technical rating and 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 26.41, a Stop Loss order could be placed below this zone.
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23.54
We found 2 important support areas.
- A support zone ranging from 25.66 to 26.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.78 to 25.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 26.70 to 27.31. This zone is formed by a combination of multiple trend lines and important moving averages 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 ASB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASB is up. |
| ChartMill Relative Strength | 59.81 | 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) | 54.98 | NEUTRAL | The RSI value for ASB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ASB has a negative trend. |
| Stochastics (14,3) | 47.71 | NEUTRAL | The Stochastics value for ASB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for ASB suggests low volalility. |
| Average Directional Index/ADX (14) | 17.88 | NEGATIVE | The low ADX value for ASB 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 |
|---|---|---|---|
| 26.71 | 26.27 | 0.44 (1.66%) | 25.00% |
| An entry @26.71. This is a Buy Stop order right above the 10 day moving average. | An exit @26.27. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.44 points, which is 1.66%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.41%. |
- 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.
26.55
+0.08 (+0.3%)
ASSOCIATED BANC-CORP / ASB FAQ
What is the ChartMill technical rating of ASSOCIATED BANC-CORP (ASB) stock?
ChartMill assigns a technical rating of 8 / 10 to ASB.
What is the current trend direction of ASSOCIATED BANC-CORP (ASB) stock?
The current trend direction for ASSOCIATED BANC-CORP (ASB) is Bullish.
What is the RSI signal for ASSOCIATED BANC-CORP (ASB) stock?
ASSOCIATED BANC-CORP (ASB) has an RSI value of 54.975. This indicates that the stock is currently neutral.
What is the MACD signal for ASSOCIATED BANC-CORP (ASB) stock?
The MACD indicator for ASSOCIATED BANC-CORP (ASB) has a value of -0.0379685, indicating a bearish trend.
Can you provide the short term momentum for ASSOCIATED BANC-CORP?
The short term momentum for ASSOCIATED BANC-CORP (ASB) is positive.