ACADEMY SPORTS & OUTDOORS IN (ASO) Stock Technical Analysis
USA - NASDAQ:ASO - US00402L1070 - Common Stock
Taking everything into account, ASO scores 0 out of 10 in our technical rating. ASO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ASO has a poor technical rating and the quality of the setup is also not perfect 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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45.78
When analyzing the support we notice one important area.
- 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 48.97 to 50.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @52.82 from a trend line in the weekly time frame.
- A resistance zone ranging from 53.86 to 55.15. 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 | DOWN | NEGATIVE | The short term trend for ASO is down. |
| ChartMill Relative Strength | 25.31 | NEGATIVE | ASO has a low relative strength, it was outperformed by 74.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ASO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ASO is below a declining 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) | 42.78 | NEUTRAL | The RSI value for ASO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests ASO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.71 | OVERSOLD | The low Stochastics value suggests ASO may be oversold. |
| Average True Range in percent/ATR (20) | 4.76 | MEDIUM VOLATILITY | The ATR as a percentage value for ASO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.84 | NEGATIVE | The low ADX value for ASO suggests a weak or negative trend. |
47.89
+1.03 (+2.2%)
ACADEMY SPORTS & OUTDOORS IN / ASO FAQ
What is the technical rating for ASO stock?
ChartMill assigns a technical rating of 0 / 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 Bearish.
What is the RSI signal for ACADEMY SPORTS & OUTDOORS IN (ASO) stock?
ACADEMY SPORTS & OUTDOORS IN (ASO) has an RSI value of 42.7829. This indicates that the stock is currently neutral.
What is the support and resistance level for ASO stock?
ACADEMY SPORTS & OUTDOORS IN (ASO) has a support level at 46.46 and a resistance level at 48.97. Check the full technical report for our detailed analysis of ASO support and resistance levels.