ACADEMY SPORTS & OUTDOORS IN (ASO) Stock Technical Analysis
NASDAQ:ASO - Nasdaq - US00402L1070 - Common Stock - Currency: USD
Overall ASO gets a technical rating of 1 out of 10. ASO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ASO is a bad performer in the overall market: 82% of all stocks are doing better.
ASO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ASO is lagging the market.
ASO has an average volume of 1867740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ASO is an average performer in the Specialty Retail industry, it outperforms 41% of 121 stocks in the same industry.
In the last month ASO has a been trading in the 35.95 - 47.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of ASO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
40.24
63.38
When analyzing the resistance we notice 8 important areas.
- A resistance zone ranging from 45.24 to 45.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @46.55 from a horizontal line in the daily time frame.
- Resistance @50.67 from a horizontal line in the daily time frame.
- Resistance @52.67 from a trend line in the weekly time frame.
- Resistance @56.37 from a horizontal line in the daily time frame.
- Resistance @58.86 from a trend line in the daily time frame.
- Resistance @60.34 from a horizontal line in the weekly time frame.
- Resistance @62.75 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 | DOWN | NEGATIVE | The long term trend for ASO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASO is neutral. |
| ChartMill Relative Strength | 18.61 | NEGATIVE | ASO has a low relative strength, it was outperformed by 81.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ASO is below the rising 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) | 45.56 | NEUTRAL | The RSI value for ASO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ASO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.97 | NEUTRAL | The Stochastics value for ASO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for ASO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.11 | NEUTRAL | The ADX value for ASO suggests a possible start of a new 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)
40.65
-1.33 (-3.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-3.17%
1 Week-10.13%
2 Weeks3.65%
1 Month6.39%
3 Month-20.04%
6 Month-12.84%
12 Month-23.7%
2 Year-16.97%
3 Year21.31%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.82
ATR(20)%4.2%
ATR Inc-36.35%
Range Today1.26
ADR(20)1.34
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.61
Mansfield-2.16
10 Day High47.62
10 Day Low40.35
20 Day High47.62
20 Day Low35.95
52 Week High64.61
52 Week Low33.34
CS1 EndN/A
CR1 Start45.24
Volume & EV
DER(3)-4.94%
DER(5)-3.16%
Volume1.26M
Volume Incr-19.79%
Vol(5)1.22M
Vol(50)1.87M