American Safety Insurance Holdings (ASI) Technical Analysis
NYSE:ASI
Current stock price
ASI Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to ASI. Both in the recent history as in the last year, ASI has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ASI is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by ASI over the past year are nicely spread over this period.
- ASI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ASI has a been trading in a tight range between 30.11 and 30.26.
- Considerably lower volume is observed in the last couple of days.
ASI Weekly and Daily overview Charts
ASI Setup Rating and Analysis
ASI has an excellent technical rating, but the quality of the setup is 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
ASI Support and Resistance Analysis
28.62
When analyzing the support we can see 2 important areas.
- A support zone ranging from 30.14 to 30.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Strong support @28.91 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Strong resistance @31.06 from a horizontal line in the daily time frame.
ASI Technical Indicator Signal Analysis
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 ASI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASI is up. |
| ChartMill Relative Strength | 89.61 | POSITIVE | ASI has a high relative strength, it outperformed 89.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.55 | NEUTRAL | The RSI value for ASI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ASI has a negative trend, although the MACD value is rising. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for ASI suggests low volalility. |
ASI Chart- and CandleStick Pattern Analysis
ASI Example Setup
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 |
|---|---|---|---|
| 30.27 | 30.10 | 0.17 (0.56%) | 25.00% |
| An entry @30.27. This is a Buy Stop order right above the 10 day high. | An exit @30.10. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.17 points, which is 0.56%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.14%. |
- 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.
ASI Technicals: Chart, Performance Metrics, Trend & Indicators
American Safety Insurance Holdings
NYSE:ASI (10/2/2013, 7:59:59 PM)
30.25
0 (0%)
American Safety Insurance Holdings / ASI TA FAQ
Can you provide the ChartMill technical rating for American Safety Insurance Holdings?
ChartMill assigns a technical rating of 9 / 10 to ASI.
What is the trend direction for ASI stock?
The current trend direction for American Safety Insurance Holdings (ASI) is Bullish.
What is the RSI signal for American Safety Insurance Holdings (ASI) stock?
American Safety Insurance Holdings (ASI) has an RSI value of 58.5505. This indicates that the stock is currently neutral.
What is the short term momentum for American Safety Insurance Holdings (ASI) stock?
The short term momentum for American Safety Insurance Holdings (ASI) is positive.
Can you provide the support and resistance levels for American Safety Insurance Holdings?
American Safety Insurance Holdings (ASI) has a support level at 30.23 and a resistance level at 31.06. Check the full technical report for our detailed analysis of ASI support and resistance levels.