ASGN INC (ASGN) Stock Technical Analysis
NYSE:ASGN - New York Stock Exchange, Inc. - US00191U1025 - Common Stock - Currency: USD
Overall ASGN gets a technical rating of 2 out of 10. In the past year, ASGN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ASGN is a bad performer in the overall market: 91% of all stocks are doing better.
ASGN is part of the IT Services industry. There are 83 other stocks in this industry, of which 76% are performing better than ASGN.
ASGN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ASGN has a been trading in the 48.30 - 60.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ASGN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 54.75. Right above this resistance zone may be a good entry point.
More info and screens
47.92
102.13
We found 4 important support areas.
- A support zone ranging from 52.36 to 52.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.81 to 51.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @49.91 from a trend line in the daily time frame.
- A support zone ranging from 48.40 to 48.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 54.75 to 55.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @101.12 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 | DOWN | NEGATIVE | The long term trend for ASGN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASGN is neutral. |
| ChartMill Relative Strength | 9.1 | NEGATIVE | ASGN has a low relative strength, it was outperformed by 90.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASGN is above the rising 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) | 55.8 | NEUTRAL | The RSI value for ASGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests ASGN has a positive trend. |
| Stochastics (14,3) | 56.69 | NEUTRAL | The Stochastics value for ASGN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for ASGN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.85 | NEGATIVE | The low ADX value for ASGN suggests a weak or negative 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)
52.77
+1 (+1.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.93%
1 Week7.8%
2 Weeks3.31%
1 Month9.37%
3 Month-1.46%
6 Month-21.73%
12 Month-45.11%
2 Year-35.77%
3 Year-45.43%
5 Year-26.47%
10 Year46.66%
15 Year1107.55%
Volatility
ATR(14)2.02
ATR(20)%4.35%
ATR Inc-12.79%
Range Today1.77
ADR(20)1.99
ADR(20)%3.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.1
Mansfield-3.35
10 Day High53.71
10 Day Low48.58
20 Day High60.75
20 Day Low48.3
52 Week High101.66
52 Week Low46.64
CS1 End52.77
CR1 Start54.75
Volume & EV
DER(3)-1.43%
DER(5)-1.25%
Volume695.50K
Volume Incr-21.5%
Vol(5)533.82K
Vol(50)594.13K