ACADEMY SPORTS & OUTDOORS IN (ASO) Stock Technical Analysis
USA - NASDAQ:ASO - US00402L1070 - Common Stock
53.85 USD
+0.88 (+1.66%)
53.85 USD
0 (0%)
We assign a technical rating of 5 out of 10 to ASO. ASO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ASO 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 ASO is lagging the market slightly.
In the last month ASO has a been trading in the 45.55 - 54.11 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ASO has an average volume of 1631150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ASO outperforms 51% of them, which is more or less in line with the market.
ASO is an average performer in the Specialty Retail industry, it outperforms 58% of 122 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 average technical rating and it also does not offer a high 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
45.78
57.45
When analyzing the support we can see 2 important areas.
- A support zone ranging from 47.21 to 47.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 46.24 to 46.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @53.96 from a trend line in the weekly time frame.
- A resistance zone ranging from 55.31 to 56.88. 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 ASO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASO is up. |
| ChartMill Relative Strength | 51.55 | NEUTRAL | ASO is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of ASO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ASO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.88 | NEUTRAL | The RSI value for ASO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.81 | POSITIVE | The MACD value suggests ASO has a positive trend. |
| Stochastics (14,3) | 96.55 | OVERBOUGHT | The high Stochastics value suggests ASO may be overbought. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for ASO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.41 | NEGATIVE | The low ADX value for ASO 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)
53.85
+0.88 (+1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg1.66%
1 Week8.11%
2 Weeks12.63%
1 Month5.88%
3 Month13.97%
6 Month43.22%
12 Month-5.74%
2 Year20.09%
3 Year22.3%
5 Year266.33%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.76
ATR(20)%3.05%
ATR Inc-33.92%
Range Today1.19
ADR(20)1.58
ADR(20)%2.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.55
Mansfield-0.15
10 Day High54.11
10 Day Low46.01
20 Day High54.11
20 Day Low45.55
52 Week High61.25
52 Week Low33.34
CS1 End47.82
CR1 Start53.96
Volume & EV
DER(3)-0.31%
DER(5)0.67%
Volume2.28M
Volume Incr26.86%
Vol(5)2.31M
Vol(50)1.63M