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 0 out of 10. ASGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
92% of all other stocks performed better in the past year than ASGN.
ASGN is one of the lesser performing stocks in the IT Services industry. 80% of 82 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. The S&P500 Index is trading in the upper part of its 52 week range, so ASGN is lagging the market.
In the last month ASGN has a been trading in the 50.95 - 58.36 range, which is quite wide. It is currently trading near the lows of this range.
ASGN has a poor technical rating and the quality of the setup is also only medium 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
52.05
102.13
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 53.11 to 53.13. 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 58.27 to 58.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 81.72 to 82.36. 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 | DOWN | NEGATIVE | The short term trend for ASGN is down. |
| ChartMill Relative Strength | 8.23 | NEGATIVE | ASGN has a low relative strength, it was outperformed by 91.77% 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) | 41.69 | NEUTRAL | The RSI value for ASGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ASGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.38 | NEUTRAL | The Stochastics value for ASGN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for ASGN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.27 | NEUTRAL | The ADX value for ASGN suggests a possible start of a new 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)
52.58
-0.26 (-0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.49%
1 Week-0.53%
2 Weeks-3.04%
1 Month-3.52%
3 Month-26.24%
6 Month-40.74%
12 Month-43.9%
2 Year-30.48%
3 Year-41.74%
5 Year-21.15%
10 Year33.86%
15 Year945.33%
Volatility
ATR(14)1.42
ATR(20)%2.93%
ATR Inc-59.48%
Range Today0.65
ADR(20)1.41
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.23
Mansfield-3.74
10 Day High55.4
10 Day Low50.95
20 Day High58.36
20 Day Low50.95
52 Week High105.67
52 Week Low47.64
CS1 EndN/A
CR1 Start53.11
Volume & EV
DER(3)-3.66%
DER(5)-1.74%
Volume406.70K
Volume Incr-1.81%
Vol(5)468.82K
Vol(50)506.64K