ACADEMY SPORTS & OUTDOORS IN (ASO) Stock Technical Analysis
NASDAQ:ASO - Nasdaq - US00402L1070 - Common Stock - Currency: USD
Overall ASO gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ASO was also a bad performer in the overall market in the last year.
81% of all other stocks performed better in the past year than ASO.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ASO has an average volume of 1672380 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 45% of 121 stocks in the same industry.
ASO is currently trading in the middle 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 slightly.
In the last month ASO has a been trading in the 39.87 - 48.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ASO has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 43.12, a Stop Loss order could be placed below this zone.
More info and screens
40.04
63.38
2 important support areas can be observed.
- A support zone ranging from 42.68 to 43.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.44 to 41.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 44.68 to 45.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 46.32 to 46.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 50.67 to 51.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @58.45 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 | NEUTRAL | NEUTRAL | The long term trend for ASO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASO is up. |
| ChartMill Relative Strength | 19.02 | NEGATIVE | ASO has a low relative strength, it was outperformed by 80.98% off all stocks 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) | DOWN | NEGATIVE | The current price of ASO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.58 | NEUTRAL | The RSI value for ASO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ASO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.79 | NEUTRAL | The Stochastics value for ASO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for ASO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.45 | 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)
44
-0.12 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-0.27%
1 Week-4.14%
2 Weeks2.56%
1 Month3.8%
3 Month-6.84%
6 Month-20.92%
12 Month-20.35%
2 Year-18.59%
3 Year23.8%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.95
ATR(20)%3.91%
ATR Inc-35.26%
Range Today1.15
ADR(20)1.61
ADR(20)%3.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.02
Mansfield-1.51
10 Day High48.18
10 Day Low42.52
20 Day High48.18
20 Day Low39.87
52 Week High64.61
52 Week Low33.34
CS1 End43.12
CR1 Start44.68
Volume & EV
DER(3)-1.42%
DER(5)0.1%
Volume2.87M
Volume Incr15.45%
Vol(5)1.91M
Vol(50)1.67M