ASGN INC (ASGN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ASGN - US00191U1025 - Common Stock
We assign a technical rating of 2 out of 10 to ASGN. 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.
ASGN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 45.46. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ASGN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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44.65
When analyzing the support we notice one important area.
- A support zone ranging from 45.10 to 45.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 45.46 to 46.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 48.58 to 48.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @50.74 from a trend line in the daily time frame.
- Resistance @54.96 from a horizontal line in the daily 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 | UP | POSITIVE | The short term trend for ASGN is up. |
| ChartMill Relative Strength | 9.7 | NEGATIVE | ASGN has a low relative strength, it was outperformed by 90.3% 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) | 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) | 53.65 | NEUTRAL | The RSI value for ASGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests ASGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.41 | OVERBOUGHT | The high Stochastics value suggests ASGN may be overbought. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for ASGN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.45 | NEGATIVE | The low ADX value for ASGN suggests a weak or negative trend. |
45.45
-0.37 (-0.81%)
ASGN INC / ASGN FAQ
What is the technical rating for ASGN stock?
ChartMill assigns a technical rating of 2 / 10 to ASGN.
What is the trend direction for ASGN stock?
The current trend direction for ASGN INC (ASGN) is Bearish.
What is the RSI signal for ASGN INC (ASGN) stock?
ASGN INC (ASGN) has an RSI value of 53.6521. This indicates that the stock is currently neutral.
What is the short term momentum for ASGN INC (ASGN) stock?
The short term momentum for ASGN INC (ASGN) is positive.
What is the buy/sell signal for ASGN stock?
The buy/sell signal for ASGN INC (ASGN) is hold as the short term and long term trends are mixed.