ASSOCIATED BANC-CORP (ASB) Technical Analysis
NYSE:ASB • US0454871056
Taking everything into account, ASB scores 1 out of 10 in our technical rating. ASB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month ASB has a been trading in the 25.42 - 29.52 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.
- ASB has an average volume of 2335180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the performance of all stocks over the past year, ASB turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
- ASB is part of the Banks industry. There are 379 other stocks in this industry, ASB did better than 43% of them.
- ASB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASB is lagging the market.
The technical rating of ASB is bad and it also does not present a quality setup 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
23.54
We found 3 important support areas.
- Support @25.89 from a horizontal line in the daily time frame.
- A support zone ranging from 25.16 to 25.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 23.78 to 24.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @26.07 from a trend line in the weekly time frame.
- A resistance zone ranging from 26.87 to 27.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 27.75 to 27.76. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for ASB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ASB is down. |
| ChartMill Relative Strength | 58.51 | NEUTRAL | ASB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ASB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ASB is below a declining 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) | 37.39 | NEUTRAL | The RSI value for ASB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests ASB has a negative trend. |
| Stochastics (14,3) | 21.86 | NEUTRAL | The Stochastics value for ASB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for ASB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.33 | NEGATIVE | The low ADX value for ASB suggests a weak or negative trend. |
ASB Technicals: Chart, Performance Metrics, Trend & Indicators
25.93
-0.42 (-1.59%)
ASSOCIATED BANC-CORP / ASB FAQ
What is the ChartMill technical rating of ASSOCIATED BANC-CORP (ASB) stock?
ChartMill assigns a technical rating of 1 / 10 to ASB.
What is the trend direction for ASB stock?
The current trend direction for ASSOCIATED BANC-CORP (ASB) is Bearish.
What is the RSI signal for ASSOCIATED BANC-CORP (ASB) stock?
ASSOCIATED BANC-CORP (ASB) has an RSI value of 37.3931. This indicates that the stock is currently neutral.
What is the support and resistance level for ASB stock?
ASSOCIATED BANC-CORP (ASB) has a support level at 25.89 and a resistance level at 26.07. Check the full technical report for our detailed analysis of ASB support and resistance levels.