ACADEMY SPORTS & OUTDOORS IN (ASO) Stock Technical Analysis
NASDAQ:ASO • US00402L1070
We assign a technical rating of 8 out of 10 to ASO. Both in the recent history as in the last year, ASO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that ASO is one of the better performing stocks in the market, outperforming 78% of all stocks.
- ASO is one of the better performing stocks in the Specialty Retail industry, it outperforms 74% of 123 stocks in the same industry.
- ASO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ASO is performing more or less in line with the market.
- ASO has an average volume of 1466270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ASO has a been trading in the 54.50 - 62.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ASO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 60.23. Right above this resistance zone may be a good entry point.
More info and screens
47.30
We found 2 important support areas.
- A support zone ranging from 54.16 to 55.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.78 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 60.23 to 61.20. 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 | NEUTRAL | NEUTRAL | The short term trend for ASO is neutral. |
| ChartMill Relative Strength | 78.68 | POSITIVE | ASO has a high relative strength, it outperformed 78.68% 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) | 57.52 | NEUTRAL | The RSI value for ASO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ASO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.11 | NEUTRAL | The Stochastics value for ASO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for ASO suggests some volalility. |
| Average Directional Index/ADX (14) | 25.8 | 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 |
|---|---|---|---|
| 61.21 | 57.30 | 3.91 (6.39%) | 15.65% |
| An entry @61.21. This is a Buy Stop order right above the resistance zone. | An exit @57.30. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.91 points, which is 6.39%. | When investing 15.65% 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.
60.22
+0.09 (+0.15%)
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 57.5221. 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 neutral.
What are the support and resistance levels for ACADEMY SPORTS & OUTDOORS IN (ASO) stock?
ACADEMY SPORTS & OUTDOORS IN (ASO) has a support level at 55 and a resistance level at 60.23. Check the full technical report for our detailed analysis of ASO support and resistance levels.