ASSEMBLY BIOSCIENCES INC (ASMB) Stock Technical Analysis
NASDAQ:ASMB • US0453962070
Taking everything into account, ASMB scores 6 out of 10 in our technical rating. Although ASMB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, ASMB did better than 92% of all other stocks. On top of that, ASMB also shows a nice and consistent pattern of rising prices.
- ASMB is part of the Biotechnology industry. There are 521 other stocks in this industry. ASMB outperforms 79% of them.
- In the last month ASMB has a been trading in the 24.68 - 30.62 range, which is quite wide. It is currently trading near the high of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- ASMB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASMB is lagging the market.
ASMB 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 29.68, a Stop Loss order could be placed below this zone.
More info and screens
25.14
We found 4 important support areas.
- A support zone ranging from 29.52 to 29.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.36 to 27.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.25 to 26.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 25.39 to 25.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 29.85 to 29.95. 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 | NEUTRAL | NEUTRAL | The long term trend for ASMB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASMB is neutral. |
| ChartMill Relative Strength | 92.46 | POSITIVE | ASMB has a high relative strength, it outperformed 92.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASMB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ASMB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASMB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.18 | NEUTRAL | The RSI value for ASMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests ASMB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.75 | OVERBOUGHT | The high Stochastics value suggests ASMB may be overbought. |
| Average True Range in percent/ATR (20) | 6.24 | HIGH VOLATILITY | The high ATR as a percentage value for ASMB suggests high volalility. |
| Average Directional Index/ADX (14) | 10.78 | NEGATIVE | The low ADX value for ASMB suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.96 | 29.51 | 0.45 (1.50%) | 25.00% |
| An entry @29.96. This is a Buy Stop order right above the resistance zone. | An exit @29.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.45 points, which is 1.50%. | For a 0.38% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ASMB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
29.84
+0.25 (+0.84%)
ASSEMBLY BIOSCIENCES INC / ASMB FAQ
What is the ChartMill technical rating of ASSEMBLY BIOSCIENCES INC (ASMB) stock?
ChartMill assigns a technical rating of 6 / 10 to ASMB.
Can you provide the trend direction for ASSEMBLY BIOSCIENCES INC?
The current trend direction for ASSEMBLY BIOSCIENCES INC (ASMB) is Bearish.
What is the RSI signal for ASSEMBLY BIOSCIENCES INC (ASMB) stock?
ASSEMBLY BIOSCIENCES INC (ASMB) has an RSI value of 55.1754. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ASSEMBLY BIOSCIENCES INC?
The MACD indicator for ASSEMBLY BIOSCIENCES INC (ASMB) has a value of 0.500391, indicating a bearish trend.