ALTISOURCE PORTFOLIO SOL (ASPS) Stock Technical Analysis
USA - NASDAQ:ASPS - LU0445408270 - Common Stock
We assign a technical rating of 6 out of 10 to ASPS. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ASPS is only an average performer.
ASPS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 11.54, a Stop Loss order could be placed below this zone.
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6.67
3 important support areas can be observed.
- A support zone ranging from 11.32 to 11.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.99 to 11.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.74 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 12.16 to 12.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.87 from a horizontal line in the weekly time frame.
- Resistance @13.73 from a trend line in the daily time frame.
- Resistance @14.74 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for ASPS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASPS is neutral. |
| ChartMill Relative Strength | 70.88 | POSITIVE | ASPS has a high relative strength, it outperformed 70.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ASPS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ASPS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASPS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.52 | NEUTRAL | The RSI value for ASPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests ASPS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.76 | OVERSOLD | The low Stochastics value suggests ASPS may be oversold. |
| Average True Range in percent/ATR (20) | 8.24 | HIGH VOLATILITY | The high ATR as a percentage value for ASPS suggests high volalility. |
| Average Directional Index/ADX (14) | 26.5 | POSITIVE | The high ADX value value for ASPS suggests a strong trend. |
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 |
|---|---|---|---|
| 12.24 | 11.31 | 0.93 (7.60%) | 13.16% |
| An entry @12.24. This is a Buy Stop order right above the resistance zone. | An exit @11.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.93 points, which is 7.60%. | For a 1.00% total portfolio risk, you can invest 13.16% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ASPS. Please evaluate whether better entry and exit points can be found.
- 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.
11.56
+0.05 (+0.43%)
ALTISOURCE PORTFOLIO SOL / ASPS FAQ
Can you provide the ChartMill technical rating for ALTISOURCE PORTFOLIO SOL?
ChartMill assigns a technical rating of 6 / 10 to ASPS.
Can you provide the trend direction for ALTISOURCE PORTFOLIO SOL?
The current trend direction for ALTISOURCE PORTFOLIO SOL (ASPS) is Bullish.
What is the RSI signal for ALTISOURCE PORTFOLIO SOL (ASPS) stock?
ALTISOURCE PORTFOLIO SOL (ASPS) has an RSI value of 45.5207. This indicates that the stock is currently neutral.
What is the MACD signal for ALTISOURCE PORTFOLIO SOL (ASPS) stock?
The MACD indicator for ALTISOURCE PORTFOLIO SOL (ASPS) has a value of -0.161485, indicating a bearish trend.
What is the support and resistance level for ASPS stock?
ALTISOURCE PORTFOLIO SOL (ASPS) has a support level at 11.54 and a resistance level at 12.16. Check the full technical report for our detailed analysis of ASPS support and resistance levels.