ASPIRE BIOPHARMA HOLDINGS IN (ASBP) Technical Analysis
NASDAQ:ASBP • US7389202067
Current stock price
ASBP Technical Rating and Analysis
Taking everything into account, ASBP scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, ASBP is a bad performer in the overall market: 100% of all stocks are doing better.
- ASBP is one of the lesser performing stocks in the Pharmaceuticals industry. 87% of 192 stocks in the same industry do better.
- ASBP is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so ASBP is lagging the market.
- In the last month ASBP has a been trading in the 0.93 - 1.63 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 17760300 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.
ASBP Weekly and Daily overview Charts
ASBP Setup Rating and Analysis
The technical rating of ASBP is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
ASBP Support and Resistance Analysis
0.97
When analyzing the resistance we notice 2 important areas.
- Resistance @1.19 from a trend line in the daily time frame.
- Resistance @1.36 from a trend line in the daily time frame.
ASBP Technical Indicator Signal Analysis
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 | 0.63 | NEGATIVE | ASBP has a low relative strength, it was outperformed by 99.37% 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) | 31.06 | NEUTRAL | The RSI value for ASBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ASBP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 3.98 | OVERSOLD | The low Stochastics value suggests ASBP may be oversold. |
| Average True Range in percent/ATR (20) | 15.5 | HIGH VOLATILITY | The high ATR as a percentage value for ASBP suggests high volalility. |
| Average Directional Index/ADX (14) | 13.5 | NEGATIVE | The low ADX value for ASBP suggests a weak or negative trend. |
ASBP Chart- and CandleStick Pattern Analysis
ASBP Technicals: Chart, Performance Metrics, Trend & Indicators
0.9749
-0.08 (-7.15%)
ASPIRE BIOPHARMA HOLDINGS IN / ASBP TA 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 31.0604. 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.