ASPIRE BIOPHARMA HOLDINGS IN (ASBP) Stock Technical Analysis
NASDAQ:ASBP • US7389202067
Overall ASBP gets a technical rating of 0 out of 10. ASBP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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. 89% of 192 stocks in the same industry do better.
- ASBP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month ASBP has a been trading in the 1.20 - 2.45 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- ASBP has an average volume of 23747600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ASBP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.44. Right above this resistance zone may be a good entry point.
More info and screens
1.30
We found 1 important support area.
- Support @1.31 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.44 to 1.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.60 from a horizontal line in the daily 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 | 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 | 0.92 | NEGATIVE | ASBP has a low relative strength, it was outperformed by 99.08% 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) | 37.3 | NEUTRAL | The RSI value for ASBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ASBP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 26 | NEUTRAL | The Stochastics value for ASBP is a neutral value. |
| Average True Range in percent/ATR (20) | 19.33 | HIGH VOLATILITY | The high ATR as a percentage value for ASBP suggests high volalility. |
| Average Directional Index/ADX (14) | 10.68 | NEGATIVE | The low ADX value for ASBP suggests a weak or negative trend. |
1.43
-0.04 (-2.72%)
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 37.2995. 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.