ABRDN GLOBAL INFRASTRUCTURE (ASGI) Stock Technical Analysis
NYSE:ASGI - New York Stock Exchange, Inc. - US00326W1062 - Currency: USD
Overall ASGI gets a technical rating of 8 out of 10. Although ASGI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
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 19.85 - 21.10 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, ASGI outperforms 61% of them, which is more or less in line with the market.
Although ASGI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
16.86
21.32
We found 4 important support areas.
- A support zone ranging from 19.85 to 20.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.31 from a horizontal line in the daily time frame.
- Support @17.95 from a trend line in the weekly time frame.
- A support zone ranging from 17.03 to 17.13. 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 21.11 to 21.11. This zone is formed by a combination of multiple trend lines 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 ASGI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASGI is up. |
| ChartMill Relative Strength | 61.57 | NEUTRAL | ASGI is not amongst the best or worst performers 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) | 71.02 | OVERBOUGHT | The high RSI value suggests ASGI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ASGI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77 | NEUTRAL | The Stochastics value for ASGI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.29 | LOW VOLATILITY | The low ATR as a percentage value for ASGI suggests low volalility. |
| Average Directional Index/ADX (14) | 39.49 | POSITIVE | The high ADX value value for ASGI 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)
21.1
+0.6 (+2.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.93%
1 Week1.74%
2 Weeks2.23%
1 Month5.29%
3 Month13.2%
6 Month16.51%
12 Month9.27%
2 Year15.11%
3 Year13.53%
5 Year7.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%1.29%
ATR Inc109.23%
Range Today0.6
ADR(20)0.26
ADR(20)%1.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.57
Mansfield0.22
10 Day High21.1
10 Day Low20.42
20 Day High21.1
20 Day Low19.85
52 Week High21.1
52 Week Low16.65
CS1 End20.74
CR1 Start21.11
Volume & EV
DER(3)4.52%
DER(5)2.5%
Volume359.80K
Volume Incr30.16%
Vol(5)211.16K
Vol(50)168.32K