ACADEMY SPORTS & OUTDOORS IN (ASO) Technical Analysis
NASDAQ:ASO • US00402L1070
Overall ASO gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month ASO has a been trading in the 55.37 - 62.45 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that ASO is one of the better performing stocks in the market, outperforming 73% of all stocks.
- ASO is part of the Specialty Retail industry. There are 124 other stocks in this industry. ASO outperforms 72% of them.
- 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 1430990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
More info and screens
42.10
When analyzing the support we can see 2 important areas.
- Support @48.02 from a trend line in the weekly time frame.
- Support @42.53 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 59.41 to 61.20. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 73.84 | POSITIVE | ASO has a high relative strength, it outperformed 73.84% 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) | UP | MIXED | The current price of ASO is below 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) | 37.91 | NEUTRAL | The RSI value for ASO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests ASO has a negative trend. |
| Stochastics (14,3) | 21.06 | NEUTRAL | The Stochastics value for ASO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.68 | MEDIUM VOLATILITY | The ATR as a percentage value for ASO suggests some volalility. |
| Average Directional Index/ADX (14) | 21.02 | NEUTRAL | The ADX value for ASO suggests a possible start of a new trend. |
ASO Technicals: Chart, Performance Metrics, Trend & Indicators
55.5
-2.31 (-4%)
ACADEMY SPORTS & OUTDOORS IN / ASO FAQ
What is the technical rating for ASO stock?
ChartMill assigns a technical rating of 7 / 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 37.9093. 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 48.02 and a resistance level at 59.41. Check the full technical report for our detailed analysis of ASO support and resistance levels.