ACADEMY SPORTS & OUTDOORS IN (ASO) Stock Technical Analysis
NASDAQ:ASO - US00402L1070 - Common Stock
53.95 USD
+2.35 (+4.55%)
53.95 USD
0 (0%)
We assign a technical rating of 6 out of 10 to ASO. In the last year, ASO was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ASO has an average volume of 1417430 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 75% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
ASO is part of the Specialty Retail industry. There are 124 other stocks in this industry, ASO did better than 65% of them.
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 48.54 - 56.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, ASO does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 50.33, a Stop Loss order could be placed below this zone.
More info and screens
48.77
57.45
We found 1 important support area.
- A support zone ranging from 49.26 to 50.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @54.40 from a trend line in the weekly time frame.
- A resistance zone ranging from 55.49 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 | 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 | 75.68 | POSITIVE | ASO has a high relative strength, it outperformed 75.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ASO is above a declining 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) | 56.51 | NEUTRAL | The RSI value for ASO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ASO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.3 | NEUTRAL | The Stochastics value for ASO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for ASO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.64 | 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)
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 |
|---|---|---|---|
| 54.41 | 49.57 | 4.84 (8.90%) | 11.24% |
| An entry @54.41. This is a Buy Stop order right above the resistance zone. | An exit @49.57. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.84 points, which is 8.90%. | For a 1.00% total portfolio risk, you can invest 11.24% of your capital in this trade. |
- 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.
53.95
+2.35 (+4.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg4.55%
1 Week-0.13%
2 Weeks8.7%
1 Month-2.76%
3 Month32.72%
6 Month6.12%
12 Month-0.99%
2 Year-1.14%
3 Year25.23%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2
ATR(20)%3.76%
ATR Inc11.13%
Range Today3.17
ADR(20)1.91
ADR(20)%3.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.68
Mansfield-0.12
10 Day High55.82
10 Day Low49.58
20 Day High56.49
20 Day Low48.54
52 Week High64.61
52 Week Low33.34
CS1 End50.33
CR1 Start54.4
Volume & EV
DER(3)1.35%
DER(5)1.57%
Volume1.10M
Volume Incr-16.3%
Vol(5)1.12M
Vol(50)1.42M