ASSOCIATED BANC-CORP (ASB) Stock Technical Analysis
USA - NYSE:ASB - US0454871056 - Common Stock
26.27 USD
-0.28 (-1.05%)
26.27 USD
0 (0%)
Taking everything into account, ASB scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ASB is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that ASB is one of the better performing stocks in the market, outperforming 75% of all stocks. On top of that, ASB also shows a nice and consistent pattern of rising prices.
ASB is one of the better performing stocks in the Banks industry, it outperforms 72% of 392 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 25.34 - 27.46 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 1505300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ASB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 25.68, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ASB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
23.54
27.58
3 important support areas can be observed.
- A support zone ranging from 25.49 to 25.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.51 to 24.89. This zone is formed by a combination of multiple trend lines 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.
We found 1 important resistance area.
- A resistance zone ranging from 27.31 to 27.31. This zone is formed by a combination of multiple trend lines 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 | 75.21 | POSITIVE | ASB has a high relative strength, it outperformed 75.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ASB is below 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) | DOWN | MIXED | The current price of ASB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.51 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 46.38 | NEUTRAL | The Stochastics value for ASB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for ASB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.36 | NEGATIVE | The low ADX value for ASB suggests a weak or negative 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 |
|---|---|---|---|
| 27.32 | 25.48 | 1.84 (6.73%) | 14.85% |
| An entry @27.32. This is a Buy Stop order right above the resistance zone. | An exit @25.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.84 points, which is 6.73%. | For a 1.00% total portfolio risk, you can invest 14.85% of your capital in this trade. |
- 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.
26.27
-0.28 (-1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.05%
1 Week0.08%
2 Weeks-1.39%
1 Month4.2%
3 Month13.82%
6 Month16.7%
12 Month21.12%
2 Year53.54%
3 Year30.83%
5 Year108.16%
10 Year46.19%
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%2.28%
ATR Inc4.6%
Range Today0.49
ADR(20)0.57
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.21
Mansfield-0.21
10 Day High26.65
10 Day Low25.34
20 Day High27.46
20 Day Low25.34
52 Week High28.18
52 Week Low18.32
CS1 End25.68
CR1 Start27.31
Volume & EV
DER(3)2.63%
DER(5)3.22%
Volume2.50M
Volume Incr21.94%
Vol(5)1.54M
Vol(50)1.51M