Taking everything into account, ASLE scores 7 out of 10 in our technical rating. ASLE has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although ASLE has an excellent technical rating, it does not present a decent entry opportunity 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
5.78
When analyzing the support we can see 4 important areas.
- Support @7.41 from a trend line in the daily time frame.
- A support zone ranging from 6.79 to 6.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.05 to 6.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.84 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for ASLE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASLE is up. |
| ChartMill Relative Strength | 67.37 | NEUTRAL | ASLE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASLE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASLE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ASLE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 73.1 | OVERBOUGHT | The high RSI value suggests ASLE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ASLE has a positive trend. |
| Stochastics (14,3) | 75.5 | NEUTRAL | The Stochastics value for ASLE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for ASLE suggests some volalility. |
| Average Directional Index/ADX (14) | 27.22 | POSITIVE | The high ADX value value for ASLE suggests a strong trend. |
7.66
+0.23 (+3.1%)
AERSALE CORP / ASLE FAQ
What is the ChartMill technical rating of AERSALE CORP (ASLE) stock?
ChartMill assigns a technical rating of 7 / 10 to ASLE.
What is the trend direction for ASLE stock?
The current trend direction for AERSALE CORP (ASLE) is Bullish.
Can you provide the RSI signal for AERSALE CORP?
AERSALE CORP (ASLE) has an RSI value of 73.099. This indicates that the stock is currently overbought.
What is the MACD signal for AERSALE CORP (ASLE) stock?
The MACD indicator for AERSALE CORP (ASLE) has a value of 0.0447516, indicating a bearish trend.
What is the short term momentum for ASLE stock?
The short term momentum for AERSALE CORP (ASLE) is positive.