ASHLAND INC (ASH) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ASH • US0441861046
Overall ASH gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ASH is only an average performer.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- ASH is part of the Chemicals industry. There are 83 other stocks in this industry. ASH outperforms 73% of them.
- ASH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ASH is lagging the market slightly.
- Looking at the yearly performance, ASH did better than 70% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month ASH has a been trading in the 57.76 - 65.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ASH has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 61.15, a Stop Loss order could be placed below this zone.
More info and screens
47.66
We found 2 important support areas.
- A support zone ranging from 61.15 to 61.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @48.14 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @63.33 from a horizontal line in the weekly time frame.
- Resistance @64.57 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 | UP | POSITIVE | The long term trend for ASH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASH is neutral. |
| ChartMill Relative Strength | 70.79 | POSITIVE | ASH has a high relative strength, it outperformed 70.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ASH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.89 | NEUTRAL | The RSI value for ASH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests ASH has a negative trend. |
| Stochastics (14,3) | 38.75 | NEUTRAL | The Stochastics value for ASH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for ASH suggests some volalility. |
| Average Directional Index/ADX (14) | 25.22 | POSITIVE | The high ADX value value for ASH suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 63.34 | 61.14 | 2.20 (3.47%) | 25.00% |
| An entry @63.34. This is a Buy Stop order right above the resistance zone. | An exit @61.14. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.20 points, which is 3.47%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.87%. |
- The distance between exit and entry is rather small compared to the average daily movement of ASH. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
61.16
-0.57 (-0.92%)
ASHLAND INC / ASH FAQ
Can you provide the ChartMill technical rating for ASHLAND INC?
ChartMill assigns a technical rating of 7 / 10 to ASH.
What is the current trend direction of ASHLAND INC (ASH) stock?
The current trend direction for ASHLAND INC (ASH) is Bullish.
Can you provide the RSI signal for ASHLAND INC?
ASHLAND INC (ASH) has an RSI value of 49.8874. This indicates that the stock is currently neutral.
What is the short term momentum for ASH stock?
The short term momentum for ASHLAND INC (ASH) is neutral.
What is the support and resistance level for ASH stock?
ASHLAND INC (ASH) has a support level at 61.15 and a resistance level at 63.33. Check the full technical report for our detailed analysis of ASH support and resistance levels.