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 5 out of 10 in our technical rating. ASB has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
ASB is one of the lesser performing stocks in the Banks industry. 64% of 396 stocks in the same industry do better.
ASB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
ASB has an average volume of 1656210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, ASB outperforms 60% of them, which is more or less in line with the market.
ASB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ASB is lagging the market slightly.
ASB has an average technical rating and it also does not offer a high 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
19.32
25.10
We found 2 important support areas.
- A support zone ranging from 22.75 to 22.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.52 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 23.16 to 23.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 23.92 to 24.85. 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 | NEUTRAL | NEUTRAL | The long term trend for ASB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASB is neutral. |
| ChartMill Relative Strength | 60.2 | NEUTRAL | ASB is not amongst the best or worst performers 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) | UP | MIXED | The current price of ASB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.54 | NEUTRAL | The RSI value for ASB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ASB has a negative trend. |
| Stochastics (14,3) | 26.84 | NEUTRAL | The Stochastics value for ASB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for ASB suggests some volalility. |
| Average Directional Index/ADX (14) | 26.62 | 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)
23
-0.08 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.35%
1 Week-5.27%
2 Weeks-0.86%
1 Month3%
3 Month-5.89%
6 Month-15.78%
12 Month8.29%
2 Year55.3%
3 Year11.11%
5 Year64.17%
10 Year21.24%
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%2.6%
ATR Inc-3.87%
Range Today0.7
ADR(20)0.5
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.2
Mansfield-0.12
10 Day High24.78
10 Day Low22.4
20 Day High24.78
20 Day Low21.62
52 Week High28.18
52 Week Low18.32
CS1 End22.99
CR1 Start23.16
Volume & EV
DER(3)-4.56%
DER(5)-2.27%
Volume1.14M
Volume Incr-36.27%
Vol(5)1.01M
Vol(50)1.66M