ASCENTIAL PLC (ASCL.L) Stock Technical Analysis
Europe - LON:ASCL - GB00BQFH6320 - Common Stock
567 GBX
+0.25 (+0.04%)
Overall ASCL gets a technical rating of 9 out of 10. In the last year, ASCL was one of the better performers, but we do observe some doubts in the very recent evolution.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ASCL did better than 99% of all other stocks. We also observe that the gains produced by ASCL over the past year are nicely spread over this period.
ASCL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ASCL has a been trading in a tight range between 563.50 and 567.50.
ASCL has an excellent technical rating, but 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.
More info and screens
351.13
578.74
3 important support areas can be observed.
- A support zone ranging from 564.24 to 566.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @412.04 from a trend line in the weekly time frame.
- Support @354.68 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 568.00 to 573.01. 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 | UP | POSITIVE | The long term trend for ASCL.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASCL.L is up. |
| ChartMill Relative Strength | 99.09 | POSITIVE | ASCL.L has a high relative strength, it outperformed 99.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ASCL.L is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ASCL.L is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASCL.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.26 | OVERBOUGHT | The high RSI value suggests ASCL.L may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.14 | NEGATIVE | The MACD value suggests ASCL.L has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.78 | NEUTRAL | The Stochastics value for ASCL.L is a neutral value. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for ASCL.L suggests low volalility. |
| Average Directional Index/ADX (14) | 41.01 | POSITIVE | The high ADX value value for ASCL.L suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 567.51 | 564.49 | 3.02 (0.53%) | 25.00% |
| An entry @567.51. This is a Buy Stop order right above the 10 day high. | An exit @564.49. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.02 points, which is 0.53%. | For a 0.13% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
LON:ASCL (10/8/2024, 5:29:55 PM)
567
+0.25 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.04%
1 Week0.27%
2 Weeks0.35%
1 Month-0.35%
3 Month61.26%
6 Month79.26%
12 Month154.03%
2 Year195.16%
3 Year39.9%
5 Year62.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.84
ATR(20)%0.19%
ATR Inc11.36%
Range Today0.5
ADR(20)0.84
ADR(20)%0.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.09
Mansfield3.97
10 Day High567.5
10 Day Low564.5
20 Day High567.5
20 Day Low563.5
52 Week High581.5
52 Week Low209.8
CS1 End566.75
CR1 Start568
Volume & EV
DER(3)-0.88%
DER(5)0.81%
Volume616.34K
Volume Incr59.36%
Vol(5)245.60K
Vol(50)217.21K