ADVANSIX INC (ASIX) Stock Technical Analysis
NYSE:ASIX - New York Stock Exchange, Inc. - US00773T1016 - Common Stock - Currency: USD
Taking everything into account, ASIX scores 4 out of 10 in our technical rating. In the past year, ASIX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ASIX is a bad performer in the overall market: 68% of all stocks are doing better.
In the last month ASIX has a been trading in the 22.92 - 24.93 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
ASIX is part of the Chemicals industry. There are 85 other stocks in this industry, ASIX did better than 63% of them.
ASIX 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 ASIX is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ASIX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
22.82
32.32
2 important support areas can be observed.
- A support zone ranging from 23.60 to 23.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.05 to 23.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @23.88 from a horizontal line in the weekly time frame.
- Resistance @24.48 from a horizontal line in the daily time frame.
- Resistance @29.63 from a trend line in the weekly time frame.
- A resistance zone ranging from 32.00 to 32.00. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for ASIX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASIX is up. |
| ChartMill Relative Strength | 32.74 | NEUTRAL | ASIX is not amongst the best or worst performers 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) | 55.8 | NEUTRAL | The RSI value for ASIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ASIX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.39 | NEUTRAL | The Stochastics value for ASIX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for ASIX suggests some volalility. |
| Average Directional Index/ADX (14) | 25.27 | POSITIVE | The high ADX value value for ASIX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
23.87
+0.28 (+1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.19%
1 Week1.53%
2 Weeks1.14%
1 Month2.58%
3 Month-9.17%
6 Month-24.17%
12 Month1.27%
2 Year-31.76%
3 Year-28.62%
5 Year103.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%2.65%
ATR Inc-20.65%
Range Today0.38
ADR(20)0.52
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.74
Mansfield-1.53
10 Day High24.12
10 Day Low22.92
20 Day High24.93
20 Day Low22.92
52 Week High33
52 Week Low18.44
CS1 End23.73
CR1 Start23.88
Volume & EV
DER(3)-5.71%
DER(5)-3.46%
Volume116.40K
Volume Incr-45.32%
Vol(5)122.12K
Vol(50)205.54K