ASHLAND INC (ASH) Technical Analysis
NYSE:ASH • US0441861046
Overall ASH gets a technical rating of 0 out of 10. ASH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 74% of all other stocks performed better in the past year than ASH.
- ASH is one of the lesser performing stocks in the Chemicals industry. 67% of 83 stocks in the same industry do better.
- In the last month ASH has a been trading in the 54.50 - 64.90 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- ASH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ASH is lagging the market slightly.
The technical rating of ASH is bad and it also does not present a quality setup 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
47.01
2 important support areas can be observed.
- A support zone ranging from 48.35 to 48.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 47.48 to 47.50. 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 59.92 to 62.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @64.56 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 | NEUTRAL | NEUTRAL | The long term trend for ASH is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ASH is down. |
| ChartMill Relative Strength | 26.72 | NEGATIVE | ASH has a low relative strength, it was outperformed by 73.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ASH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ASH is below a declining 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) | 31.22 | NEUTRAL | The RSI value for ASH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.8 | NEGATIVE | The MACD value suggests ASH has a negative trend. |
| Stochastics (14,3) | 13.16 | OVERSOLD | The low Stochastics value suggests ASH may be oversold. |
| Average True Range in percent/ATR (20) | 4.13 | MEDIUM VOLATILITY | The ATR as a percentage value for ASH suggests some volalility. |
| Average Directional Index/ADX (14) | 23.75 | NEUTRAL | The ADX value for ASH suggests a possible start of a new trend. |
ASH Technicals: Chart, Performance Metrics, Trend & Indicators
55.45
-1.92 (-3.35%)
ASHLAND INC / ASH FAQ
Can you provide the ChartMill technical rating for ASHLAND INC?
ChartMill assigns a technical rating of 0 / 10 to ASH.
What is the current trend direction of ASHLAND INC (ASH) stock?
The current trend direction for ASHLAND INC (ASH) is Bearish.
Can you provide the RSI signal for ASHLAND INC?
ASHLAND INC (ASH) has an RSI value of 31.2247. 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 negative.
What is the support and resistance level for ASH stock?
ASHLAND INC (ASH) has a support level at 48.79 and a resistance level at 59.92. Check the full technical report for our detailed analysis of ASH support and resistance levels.