ASHLAND INC (ASH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ASH - US0441861046 - Common Stock
Taking everything into account, ASH scores 8 out of 10 in our technical rating. 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.
ASH has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 59.38, a Stop Loss order could be placed below this zone.
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46.06
When analyzing the support we can see 3 important areas.
- A support zone ranging from 58.29 to 59.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @48.14 from a horizontal line in the daily time frame.
- Support @46.53 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 59.47 to 60.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The short term trend for ASH is up. |
| ChartMill Relative Strength | 50.32 | NEUTRAL | ASH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASH is above 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) | 62.29 | NEUTRAL | The RSI value for ASH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests ASH has a negative trend. |
| Stochastics (14,3) | 47.6 | NEUTRAL | The Stochastics value for ASH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for ASH suggests some volalility. |
| Average Directional Index/ADX (14) | 38.99 | 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 |
|---|---|---|---|
| 60.64 | 58.28 | 2.36 (3.89%) | 25.00% |
| An entry @60.64. This is a Buy Stop order right above the resistance zone. | An exit @58.28. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.36 points, which is 3.89%. | For a 0.97% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
59.39
+0.32 (+0.54%)
ASHLAND INC / ASH FAQ
Can you provide the ChartMill technical rating for ASHLAND INC?
ChartMill assigns a technical rating of 8 / 10 to ASH.
Can you provide the trend direction for ASHLAND INC?
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 62.2851. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ASHLAND INC?
The MACD indicator for ASHLAND INC (ASH) has a value of -0.211704, indicating a bearish trend.
Can you provide the support and resistance levels for ASHLAND INC?
ASHLAND INC (ASH) has a support level at 59.38 and a resistance level at 59.47. Check the full technical report for our detailed analysis of ASH support and resistance levels.