Taking everything into account, ASO scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ASO is only an average performer.
- The long and short term trends are both positive. This is looking good!
- ASO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ASO has a been trading in the 49.30 - 59.49 range, which is quite wide. It is currently trading near the high of this range.
- ASO has an average volume of 1743120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, ASO did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- ASO is an average performer in the Specialty Retail industry, it outperforms 70% of 121 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ASO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 54.61, 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
43.14
When analyzing the support we can see 3 important areas.
- A support zone ranging from 53.17 to 54.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @46.11 from a trend line in the weekly time frame.
- Support @43.58 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 58.62 to 58.62. 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 ASO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASO is up. |
| ChartMill Relative Strength | 72.09 | POSITIVE | ASO has a high relative strength, it outperformed 72.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.94 | NEUTRAL | The RSI value for ASO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests ASO has a positive trend. |
| Stochastics (14,3) | 81.81 | OVERBOUGHT | The high Stochastics value suggests ASO may be overbought. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for ASO suggests some volalility. |
| Average Directional Index/ADX (14) | 28.13 | POSITIVE | The high ADX value value for ASO suggests a strong 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 |
|---|---|---|---|
| 58.63 | 51.91 | 6.72 (11.47%) | 8.72% |
| An entry @58.63. This is a Buy Stop order right above the resistance zone. | An exit @51.91. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.72 points, which is 11.47%. | When investing 8.72% 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.
58.61
+0.48 (+0.83%)
ACADEMY SPORTS & OUTDOORS IN / ASO FAQ
What is the technical rating for ASO stock?
ChartMill assigns a technical rating of 8 / 10 to ASO.
What is the trend direction for ASO stock?
The current trend direction for ACADEMY SPORTS & OUTDOORS IN (ASO) is Bullish.
What is the RSI signal for ACADEMY SPORTS & OUTDOORS IN (ASO) stock?
ACADEMY SPORTS & OUTDOORS IN (ASO) has an RSI value of 64.9423. This indicates that the stock is currently neutral.
What is the short term momentum for ASO stock?
The short term momentum for ACADEMY SPORTS & OUTDOORS IN (ASO) is positive.
What are the support and resistance levels for ACADEMY SPORTS & OUTDOORS IN (ASO) stock?
ACADEMY SPORTS & OUTDOORS IN (ASO) has a support level at 54.61 and a resistance level at 58.62. Check the full technical report for our detailed analysis of ASO support and resistance levels.