NYSE:ASB - New York Stock Exchange, Inc. - US0454871056 - Common Stock - Currency: USD
Taking everything into account, ASB scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ASB is only an average performer.
Besides having an excellent technical rating, ASB also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 25.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.59, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
19.76
We found 4 important support areas.
2 important resistance areas can be observed.
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 | 62.74 | 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) | 56.5 | 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. |
Stochastics (14,3) | 55.23 | NEUTRAL | The Stochastics value for ASB is a neutral value. |
Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for ASB suggests some volalility. |
Average Directional Index/ADX (14) | 30.24 | POSITIVE | The high ADX value value for ASB suggests a strong 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 |
---|---|---|---|
25.75 | 25.20 | 0.55 (2.14%) | 25.00% |
An entry @25.75. This is a Buy Stop order right above the resistance zone. | An exit @25.20. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.55 points, which is 2.14%. | For a 0.53% total portfolio risk, you can invest 25.00% of your capital in this trade. |
25.6
+0.33 (+1.31%)