AERSALE CORP (ASLE) Stock Technical Analysis
NASDAQ:ASLE - Nasdaq - US00810F1066 - Common Stock - Currency: USD
Overall ASLE gets a technical rating of 0 out of 10. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
89% of all other stocks performed better in the past year than ASLE.
ASLE is part of the Aerospace & Defense industry. There are 66 other stocks in this industry, of which 87% are performing better than ASLE.
ASLE 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.
In the last month ASLE has a been trading in the 5.57 - 6.25 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of ASLE is bad and it also does not present a quality setup 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
5.65
6.58
When analyzing the support we notice one important area.
- A support zone ranging from 5.71 to 5.83. 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 5.91 to 6.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.32 from a horizontal line in the daily time frame.
- Resistance @6.51 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 | NEUTRAL | NEUTRAL | The short term trend for ASLE is neutral. |
| ChartMill Relative Strength | 11.41 | NEGATIVE | ASLE has a low relative strength, it was outperformed by 88.59% 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) | 42.04 | NEUTRAL | The RSI value for ASLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ASLE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.56 | NEUTRAL | The Stochastics value for ASLE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for ASLE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.72 | NEGATIVE | The low ADX value for ASLE suggests a weak or negative 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)
5.86
-0.26 (-4.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-4.25%
1 Week-5.48%
2 Weeks-2.66%
1 Month-3.46%
3 Month-18.16%
6 Month-6.98%
12 Month-11.21%
2 Year-60.96%
3 Year-66.53%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%3.24%
ATR Inc96.66%
Range Today0.34
ADR(20)0.18
ADR(20)%3.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.41
Mansfield-1.3
10 Day High6.25
10 Day Low5.57
20 Day High6.25
20 Day Low5.57
52 Week High8.76
52 Week Low4.53
CS1 End5.83
CR1 Start5.91
Volume & EV
DER(3)-2.67%
DER(5)-0.66%
Volume435.60K
Volume Incr-13.9%
Vol(5)254.76K
Vol(50)348.45K