ASLE Technical Analysis - AERSALE CORP

Technical Rating and Analysis

Overall ASLE gets a technical rating of 5 out of 10. In the last year, ASLE was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

When comparing the yearly performance of all stocks, we notice that ASLE is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by ASLE over the past year are nicely spread over this period.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

ASLE is part of the Aerospace & Defense industry. There are 70 other stocks in this industry, ASLE did better than 69% of them.

ASLE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASLE is lagging the market.

In the last month ASLE has a been trading in the 7.21 - 8.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ASLE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.23, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.78

9.09

When analyzing the support we can see 3 important areas.

A support zone ranging from 7.23 to 7.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @6.10 from a trend line in the weekly time frame.
Support @5.84 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 7.68 to 7.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @8.50 from a trend line in the daily time frame.
Resistance @9.00 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for ASLE is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ASLE is down.
ChartMill Relative Strength	88.19	POSITIVE	ASLE has a high relative strength, it outperformed 88.19% 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	POSITIVE	The current price of ASLE is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.64	NEUTRAL	The RSI value for ASLE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests ASLE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	19.27	OVERSOLD	The low Stochastics value suggests ASLE may be oversold.
Average True Range in percent/ATR (20)	4.13	MEDIUM VOLATILITY	The ATR as a percentage value for ASLE suggests some volalility.
Average Directional Index/ADX (14)	19	NEGATIVE	The low ADX value for ASLE suggests a weak or negative trend.