ADVANSIX INC (ASIX) Stock Technical Analysis
NYSE:ASIX • US00773T1016
Taking everything into account, ASIX scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ASIX was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, ASIX is a bad performer in the overall market: 78% of all stocks are doing better.
- ASIX is one of the lesser performing stocks in the Chemicals industry. 79% of 83 stocks in the same industry do better.
- ASIX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- In the last month ASIX has a been trading in the 15.55 - 19.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ASIX has an average technical rating and also 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
15.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.29 to 16.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.84 to 15.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 18.28 to 18.97. 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 | NEUTRAL | NEUTRAL | The long term trend for ASIX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASIX is neutral. |
| ChartMill Relative Strength | 22.55 | NEGATIVE | ASIX has a low relative strength, it was outperformed by 77.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASIX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASIX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ASIX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.11 | NEUTRAL | The RSI value for ASIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ASIX has a negative trend. |
| Stochastics (14,3) | 33.37 | NEUTRAL | The Stochastics value for ASIX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.91 | MEDIUM VOLATILITY | The ATR as a percentage value for ASIX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.4 | NEUTRAL | The ADX value for ASIX suggests a possible start of a new trend. |
18.15
+0.24 (+1.34%)
ADVANSIX INC / ASIX FAQ
Can you provide the ChartMill technical rating for ADVANSIX INC?
ChartMill assigns a technical rating of 4 / 10 to ASIX.
What is the trend direction for ASIX stock?
The current trend direction for ADVANSIX INC (ASIX) is Bearish.
Can you provide the RSI signal for ADVANSIX INC?
ADVANSIX INC (ASIX) has an RSI value of 53.1067. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ADVANSIX INC?
ADVANSIX INC (ASIX) has a support level at 16.37 and a resistance level at 18.28. Check the full technical report for our detailed analysis of ASIX support and resistance levels.