Taking everything into account, ASMB scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
ASMB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 33.61, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
28.20
When analyzing the support we can see 3 important areas.
- A support zone ranging from 33.24 to 33.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.34 to 32.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.48 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 35.83 to 36.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 38.51 to 38.51. 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 | UP | POSITIVE | The long term trend for ASMB is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ASMB is down. |
| ChartMill Relative Strength | 95.96 | POSITIVE | ASMB has a high relative strength, it outperformed 95.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ASMB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASMB is above the rising 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) | 47.48 | NEUTRAL | The RSI value for ASMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests ASMB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.94 | NEUTRAL | The Stochastics value for ASMB is a neutral value. |
| Average True Range in percent/ATR (20) | 6.44 | HIGH VOLATILITY | The high ATR as a percentage value for ASMB suggests high volalility. |
| Average Directional Index/ADX (14) | 24.17 | NEUTRAL | The ADX value for ASMB suggests a possible start of a new 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 |
|---|---|---|---|
| 36.11 | 33.23 | 2.88 (7.98%) | 12.54% |
| An entry @36.11. This is a Buy Stop order right above the resistance zone. | An exit @33.23. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.88 points, which is 7.98%. | For a 1.00% total portfolio risk, you can invest 12.54% 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.
33.62
-0.38 (-1.12%)
ASSEMBLY BIOSCIENCES INC / ASMB FAQ
What is the ChartMill technical rating of ASSEMBLY BIOSCIENCES INC (ASMB) stock?
ChartMill assigns a technical rating of 8 / 10 to ASMB.
What is the current trend direction of ASSEMBLY BIOSCIENCES INC (ASMB) stock?
The current trend direction for ASSEMBLY BIOSCIENCES INC (ASMB) is Bullish.
What is the RSI signal for ASSEMBLY BIOSCIENCES INC (ASMB) stock?
ASSEMBLY BIOSCIENCES INC (ASMB) has an RSI value of 47.4822. This indicates that the stock is currently neutral.
What is the MACD signal for ASMB stock?
The MACD indicator for ASSEMBLY BIOSCIENCES INC (ASMB) has a value of -0.312271, indicating a bearish trend.
What is the short term momentum for ASMB stock?
The short term momentum for ASSEMBLY BIOSCIENCES INC (ASMB) is negative.