ABRDN GLOBAL INFRASTRUCTURE (ASGI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ASGI • US00326W1062
We assign a technical rating of 10 out of 10 to ASGI. Both in the recent history as in the last year, ASGI has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ASGI is one of the better performing stocks in the market, outperforming 83% of all stocks. We also observe that the gains produced by ASGI over the past year are nicely spread over this period.
- ASGI is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ASGI has a been trading in the 21.25 - 24.91 range, which is quite wide. It is currently trading near the high of this range.
Although ASGI has an excellent technical rating, it does not present a decent entry opportunity 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
16.75
7 important support areas can be observed.
- A support zone ranging from 22.38 to 22.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.52 to 21.64. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 21.00 to 21.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 20.25 to 20.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.89 from a horizontal line in the daily time frame.
- Support @17.89 from a trend line in the weekly time frame.
- Support @16.92 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for ASGI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASGI is up. |
| ChartMill Relative Strength | 83.1 | POSITIVE | ASGI has a high relative strength, it outperformed 83.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASGI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASGI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.4 | OVERBOUGHT | The high RSI value suggests ASGI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests ASGI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.11 | OVERBOUGHT | The high Stochastics value suggests ASGI may be overbought. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for ASGI suggests low volalility. |
| Average Directional Index/ADX (14) | 27.29 | POSITIVE | The high ADX value value for ASGI suggests a strong trend. |
24.14
-0.42 (-1.71%)
ABRDN GLOBAL INFRASTRUCTURE / ASGI FAQ
Can you provide the ChartMill technical rating for ABRDN GLOBAL INFRASTRUCTURE?
ChartMill assigns a technical rating of 10 / 10 to ASGI.
What is the trend direction for ASGI stock?
The current trend direction for ABRDN GLOBAL INFRASTRUCTURE (ASGI) is Bullish.
What is the RSI signal for ABRDN GLOBAL INFRASTRUCTURE (ASGI) stock?
ABRDN GLOBAL INFRASTRUCTURE (ASGI) has an RSI value of 70.3992. This indicates that the stock is currently overbought.
What is the short term momentum for ABRDN GLOBAL INFRASTRUCTURE (ASGI) stock?
The short term momentum for ABRDN GLOBAL INFRASTRUCTURE (ASGI) is positive.
What is the support and resistance level for ASGI stock?
ABRDN GLOBAL INFRASTRUCTURE (ASGI) has a support level at 22.74. Check the full technical report for our detailed analysis of ASGI support and resistance levels.