We assign a technical rating of 7 out of 10 to ASO. In the last year, ASO was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although ASO has an excellent technical rating, it 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.
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42.08
2 important support areas can be observed.
- Support @45.15 from a trend line in the weekly time frame.
- Support @42.51 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @55.51 from a horizontal line in the weekly time frame.
- Resistance @56.88 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 | 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 | 61.73 | 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) | 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) | 65.35 | NEUTRAL | The RSI value for ASO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.98 | POSITIVE | The MACD value suggests ASO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.56 | OVERBOUGHT | The high Stochastics value suggests ASO may be overbought. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for ASO suggests some volalility. |
| Average Directional Index/ADX (14) | 36.34 | POSITIVE | The high ADX value value for ASO suggests a strong trend. |
54.76
-0.74 (-1.33%)
ACADEMY SPORTS & OUTDOORS IN / ASO FAQ
What is the technical rating for ASO stock?
ChartMill assigns a technical rating of 7 / 10 to ASO.
Can you provide the trend direction for ACADEMY SPORTS & OUTDOORS IN?
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 65.3501. This indicates that the stock is currently neutral.
What is the buy/sell signal for ASO stock?
The buy/sell signal for ACADEMY SPORTS & OUTDOORS IN (ASO) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ASO stock?
ACADEMY SPORTS & OUTDOORS IN (ASO) has a support level at 45.15 and a resistance level at 55.51. Check the full technical report for our detailed analysis of ASO support and resistance levels.