ASGN Technical Analysis - ASGN INC

Technical Rating and Analysis

Overall ASGN gets a technical rating of 0 out of 10. ASGN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

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, ASGN is a bad performer in the overall market: 93% of all stocks are doing better.

ASGN is one of the lesser performing stocks in the IT Services industry. 74% of 87 stocks in the same industry do better.

ASGN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

ASGN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

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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

ASGN has a poor technical rating and the quality of the setup is also not perfect 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

46.57

55.51

When analyzing the support we notice one important area.

A support zone ranging from 47.04 to 47.05. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice 4 important areas.

Resistance @47.86 from a horizontal line in the weekly time frame.
A resistance zone ranging from 49.52 to 50.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 51.07 to 51.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 54.26 to 54.96. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	DOWN	NEGATIVE	The long term trend for ASGN is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ASGN is down.
ChartMill Relative Strength	7.61	NEGATIVE	ASGN has a low relative strength, it was outperformed by 92.39% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ASGN is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ASGN is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ASGN is below a declining SMA(200).
Relative Strength Index/RSI (14)	42.86	NEUTRAL	The RSI value for ASGN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.31	NEGATIVE	The MACD value suggests ASGN has a negative trend, although the MACD value is rising.
Stochastics (14,3)	15.77	OVERSOLD	The low Stochastics value suggests ASGN may be oversold.
Average True Range in percent/ATR (20)	3.64	MEDIUM VOLATILITY	The ATR as a percentage value for ASGN suggests some volalility.
Average Directional Index/ADX (14)	19.5	NEGATIVE	The low ADX value for ASGN suggests a weak or negative trend.