AERSALE CORP (ASLE) Stock Technical Analysis
NASDAQ:ASLE - Nasdaq - US00810F1066 - Common Stock - Currency: USD
Taking everything into account, ASLE scores 0 out of 10 in our technical rating. ASLE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ASLE is a bad performer in the overall market: 86% of all stocks are doing better.
ASLE is part of the Aerospace & Defense industry. There are 65 other stocks in this industry, of which 85% are performing better than ASLE.
ASLE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
ASLE 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 ASLE is lagging the market slightly.
Although the technical rating is bad, ASLE does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 5.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ASLE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.73
7.02
We found 1 important support area.
- A support zone ranging from 5.79 to 5.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 5.95 to 5.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.11 from a horizontal line in the daily time frame.
- Resistance @6.95 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ASLE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ASLE is down. |
| ChartMill Relative Strength | 14.92 | NEGATIVE | ASLE has a low relative strength, it was outperformed by 85.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ASLE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ASLE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ASLE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.52 | NEUTRAL | The RSI value for ASLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ASLE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.93 | NEUTRAL | The Stochastics value for ASLE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for ASLE suggests some volalility. |
| Average Directional Index/ADX (14) | 29.33 | POSITIVE | The high ADX value value for ASLE 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)
5.94
-0.16 (-2.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-2.62%
1 Week1.89%
2 Weeks0.85%
1 Month-6.01%
3 Month-29.2%
6 Month-3.41%
12 Month-10.54%
2 Year-59.59%
3 Year-59.06%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%3.06%
ATR Inc47.4%
Range Today0.33
ADR(20)0.18
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.92
Mansfield-0.94
10 Day High6.11
10 Day Low5.78
20 Day High6.38
20 Day Low5.76
52 Week High8.76
52 Week Low4.53
CS1 End5.87
CR1 Start5.95
Volume & EV
DER(3)5.07%
DER(5)3.24%
Volume529.90K
Volume Incr-1.88%
Vol(5)352.08K
Vol(50)452.39K