ASCENDIS PHARMA A/S - ADR (ASND) Stock Technical Analysis
NASDAQ:ASND - Nasdaq - US04351P1012 - ADR - Currency: USD
Overall ASND gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ASND has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that ASND is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, ASND also shows a nice and consistent pattern of rising prices.
ASND is one of the better performing stocks in the Biotechnology industry, it outperforms 73% of 558 stocks in the same industry.
ASND is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ASND is lagging the market slightly.
In the last month ASND has a been trading in the 166.84 - 180.78 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Besides having an excellent technical rating, ASND also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 176.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 168.32, 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
119.91
180.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 166.08 to 168.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 130.32 to 131.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 121.12 to 122.80. 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 176.91 to 179.11. 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 ASND is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASND is up. |
| ChartMill Relative Strength | 79.1 | POSITIVE | ASND has a high relative strength, it outperformed 79.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASND is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASND is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASND is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.93 | NEUTRAL | The RSI value for ASND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests ASND has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.7 | NEUTRAL | The Stochastics value for ASND is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for ASND suggests some volalility. |
| Average Directional Index/ADX (14) | 12.97 | NEGATIVE | The low ADX value for ASND 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)
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 |
|---|---|---|---|
| 179.12 | 167.51 | 11.62 (6.48%) | 15.42% |
| An entry @179.12. This is a Buy Stop order right above the resistance zone. | An exit @167.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 11.62 points, which is 6.48%. | When investing 15.42% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
174.96
-1.53 (-0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.87%
1 Week0.45%
2 Weeks1.16%
1 Month1.89%
3 Month15.88%
6 Month35.43%
12 Month26.71%
2 Year94.08%
3 Year104.56%
5 Year27.14%
10 Year773.49%
15 YearN/A
Volatility
ATR(14)6.12
ATR(20)%3.44%
ATR Inc-32.53%
Range Today3.4
ADR(20)6.02
ADR(20)%3.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.1
Mansfield1.21
10 Day High180
10 Day Low167.52
20 Day High180.78
20 Day Low166.84
52 Week High183
52 Week Low111.09
CS1 End168.32
CR1 Start176.91
Volume & EV
DER(3)2.56%
DER(5)0.88%
Volume387.20K
Volume Incr32.23%
Vol(5)528.62K
Vol(50)471.30K