ASCENCIO(EBR:ASCE) stock Technical Analysis

Technical Rating and Analysis

Taking everything into account, ASCE scores 6 out of 10 in our technical rating. ASCE has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

Warning: ASCE has an average volume of 7094 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

ASCE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

When comparing the performance of all stocks over the past year, ASCE turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.

ASCE is an average performer in the Diversified REITs industry, it outperforms 51% of 42 stocks in the same industry.

ASCE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ASCE is lagging the market slightly.

In the last month ASCE has a been trading in a tight range between 46.25 and 48.65.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ASCE has an average technical rating and also the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

42.27

50.50

2 important support areas can be observed.

A support zone ranging from 45.72 to 46.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 42.70 to 44.05. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 47.45 to 50.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for ASCE.BR is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ASCE.BR is neutral.
ChartMill Relative Strength	56.01	NEUTRAL	ASCE.BR is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ASCE.BR is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ASCE.BR is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of ASCE.BR is above a declining SMA(200).
Relative Strength Index/RSI (14)	51.21	NEUTRAL	The RSI value for ASCE.BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.12	NEGATIVE	The MACD value suggests ASCE.BR has a negative trend.
Stochastics (14,3)	41.46	NEUTRAL	The Stochastics value for ASCE.BR is a neutral value.
Average True Range in percent/ATR (20)	1.43	LOW VOLATILITY	The low ATR as a percentage value for ASCE.BR suggests low volalility.
Average Directional Index/ADX (14)	29.87	POSITIVE	The high ADX value value for ASCE.BR suggests a strong trend.