ASSOCIATED BANC-CORP (ASB)       24.41  -0.11 (-0.45%)

24.41  -0.11 (-0.45%)

US0454871056 - Common Stock - After market: 24.41 0 (0%)

Technical Rating

8

We assign a technical rating of 8 out of 10 to ASB. 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.



The long and short term trends are both positive. This is looking good!
ASB is part of the Banks industry. There are 321 other stocks in this industry. ASB outperforms 86% of them.
ASB is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ASB slightly outperforms the market at the moment.
In the last month ASB has a been trading in the 23.07 - 25.50 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 1305910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ASB did better than 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

Statistics

1 Month 3 Months 6 Months 12 Months 2.31% 22.60% 17.36% 10.80% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 90.73 17.45 - 25.78
ASB Weekly chart
ASB Daily chart

Support/Resistance Analysis


21.01

25.97
We found 5 important support areas.
  • A support zone ranging from 23.99 to 24.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @23.46 from a horizontal line in the daily time frame.
  • A support zone ranging from 22.88 to 22.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @22.10 from a trend line in the daily time frame.
  • Support @21.22 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
  • A resistance zone ranging from 24.41 to 24.65. 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 25.46 to 25.71. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

ASB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 24.41. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ASB in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
24.6623.980.68 (2.76%)25.00%
An entry @24.66. This is a Buy Stop order right above the resistance zone.An exit @23.98. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.68 points, which is 2.76%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.69%.

  • The distance between exit and entry is rather small compared to the average daily movement of ASB. Please evaluate whether better entry and exit points can be found.
  • 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.
ASB Daily chart

ASSOCIATED BANC-CORP24.41

NYSE:ASB (12/2/2022, 7:20:13 PM)-0.11 (-0.45%)

After market: 24.41 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today -0.45% 1 Week -0.29%
2 Weeks 3.92% 1 Month 2.31%
3 Month 22.6% 6 Month 17.36%
Volatility
ATR(14) 0.48 ATR(20)% 2.22%
ATR Inc -44.7% Range Today 0.2
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 90.73 Mansfield 1.34
10 Day High 24.82 10 Day Low 23.66
20 Day High 25.5 20 Day Low 23.07
52 Week High 25.78 52 Week Low 17.45
CS1 End 24.29 CR1 Start 24.41
Volume & EV
DER(3) 4.01% DER(5) 3.4%
Volume 737.50K Volume Incr -1.55%
Vol(5) 1.09M Vol(50) 1.31M

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