ACADEMY SPORTS & OUTDOORS IN (ASO) Stock Technical Analysis
NASDAQ:ASO - Nasdaq - US00402L1070 - Common Stock - Currency: USD
Overall ASO gets a technical rating of 5 out of 10. In the past year, ASO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
77% of all other stocks performed better in the past year than ASO.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ASO has an average volume of 1772070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ASO is an average performer in the Specialty Retail industry, it outperforms 50% of 121 stocks in the same industry.
ASO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASO is lagging the market.
In the last month ASO has a been trading in the 39.87 - 48.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
ASO has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
40.04
63.38
When analyzing the support we can see 2 important areas.
- Support @42.17 from a trend line in the daily time frame.
- A support zone ranging from 40.44 to 40.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 46.70 to 46.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 50.67 to 51.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @58.51 from a trend line in the daily time frame.
- Resistance @60.34 from a horizontal line in the weekly time frame.
- Resistance @62.75 from a horizontal line in the daily time frame.
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 | 23.76 | NEGATIVE | ASO has a low relative strength, it was outperformed by 76.24% 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) | DOWN | NEGATIVE | The current price of ASO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.44 | 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) | 66.31 | NEUTRAL | The Stochastics value for ASO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for ASO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.32 | 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)
46.69
+3.14 (+7.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg7.21%
1 Week5.23%
2 Weeks15.43%
1 Month3.23%
3 Month-1.14%
6 Month-16.09%
12 Month-15.48%
2 Year-13.62%
3 Year31.37%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.86
ATR(20)%3.81%
ATR Inc80.02%
Range Today2.52
ADR(20)1.64
ADR(20)%3.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.76
Mansfield-1.12
10 Day High48.18
10 Day Low40.37
20 Day High48.18
20 Day Low39.87
52 Week High64.61
52 Week Low33.34
CS1 End42.17
CR1 Start46.7
Volume & EV
DER(3)0.93%
DER(5)-0.72%
Volume1.86M
Volume Incr52.33%
Vol(5)2.44M
Vol(50)1.77M