ASSOCIATED BANC-CORP (ASB) Stock Technical Analysis
NYSE:ASB - US0454871056 - Common Stock
27.01 USD
+0.07 (+0.26%)
27.01 USD
0 (0%)
We assign a technical rating of 9 out of 10 to ASB. Both in the recent history as in the last year, ASB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ASB did better than 77% of all other stocks.
ASB is one of the better performing stocks in the Banks industry, it outperforms 74% of 393 stocks in the same industry.
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 23.63 - 27.17 range, which is quite wide. It is currently trading near the high of this range.
ASB has an average volume of 1510670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ASB has an excellent technical rating, it does not present a decent entry opportunity 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
20.00
27.28
3 important support areas can be observed.
- A support zone ranging from 24.51 to 25.16. 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 24.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.20 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 ASB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASB is up. |
| ChartMill Relative Strength | 77.53 | POSITIVE | ASB has a high relative strength, it outperformed 77.53% off all stocks 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) | 68.2 | NEUTRAL | The RSI value for ASB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests ASB has a positive trend. |
| Stochastics (14,3) | 94.8 | OVERBOUGHT | The high Stochastics value suggests ASB may be overbought. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for ASB suggests some volalility. |
| Average Directional Index/ADX (14) | 24.7 | NEUTRAL | The ADX value for ASB suggests a possible start of a new 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)
27.01
+0.07 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.26%
1 Week7.14%
2 Weeks6.13%
1 Month9.18%
3 Month16.57%
6 Month8.69%
12 Month18.05%
2 Year55.86%
3 Year34.78%
5 Year100.97%
10 Year47.11%
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%2.09%
ATR Inc-19.16%
Range Today0.37
ADR(20)0.53
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.53
Mansfield0.33
10 Day High27.17
10 Day Low24.66
20 Day High27.17
20 Day Low23.63
52 Week High28.18
52 Week Low18.32
CS1 End25.16
CR1 StartN/A
Volume & EV
DER(3)3.62%
DER(5)3.44%
Volume1.47M
Volume Incr-16.86%
Vol(5)1.19M
Vol(50)1.51M