We assign a technical rating of 0 out of 10 to ASBP. ASBP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than ASBP.
- ASBP is one of the lesser performing stocks in the Pharmaceuticals industry. 91% of 190 stocks in the same industry do better.
- In the last month ASBP has a been trading in the 1.65 - 6.84 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- ASBP has an average volume of 50105200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
The technical rating of ASBP is bad and it also does not present a 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
1.87
We found 1 important resistance area.
- A resistance zone ranging from 2.54 to 2.55. 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 | DOWN | NEGATIVE | The long term trend for ASBP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ASBP is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | ASBP has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ASBP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ASBP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ASBP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.75 | NEUTRAL | The RSI value for ASBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests ASBP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.12 | OVERSOLD | The low Stochastics value suggests ASBP may be oversold. |
| Average True Range in percent/ATR (20) | 42.42 | HIGH VOLATILITY | The high ATR as a percentage value for ASBP suggests high volalility. |
| Average Directional Index/ADX (14) | 16.59 | NEGATIVE | The low ADX value for ASBP suggests a weak or negative trend. |
1.885
+0.07 (+4.14%)
ASPIRE BIOPHARMA HOLDINGS IN / ASBP FAQ
What is the technical rating for ASBP stock?
ChartMill assigns a technical rating of 0 / 10 to ASBP.
What is the trend direction for ASBP stock?
The current trend direction for ASPIRE BIOPHARMA HOLDINGS IN (ASBP) is Bearish.
What is the RSI signal for ASBP stock?
ASPIRE BIOPHARMA HOLDINGS IN (ASBP) has an RSI value of 31.7463. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ASPIRE BIOPHARMA HOLDINGS IN?
The short term momentum for ASPIRE BIOPHARMA HOLDINGS IN (ASBP) is negative.
What is the buy/sell signal for ASBP stock?
The buy/sell signal for ASPIRE BIOPHARMA HOLDINGS IN (ASBP) is sell as both the short term and long term trends are negative.