ASR Technical Analysis - GRUPO AEROPORTUARIO SUR-ADR

Technical Rating and Analysis

Taking everything into account, ASR scores 1 out of 10 in our technical rating. ASR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

In the last month ASR has a been trading in the 298.44 - 342.06 range, which is quite wide. It is currently trading near the lows of this range.

When comparing the performance of all stocks over the past year, ASR turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.

ASR is an average performer in the Transportation Infrastructure industry, it outperforms 60% of 6 stocks in the same industry.

ASR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASR is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GRUPO AEROPORTUARIO SUR-ADR / ASR Weekly stock chart

GRUPO AEROPORTUARIO SUR-ADR / ASR Daily stock chart

Setup Rating and Analysis

ASR has a poor technical rating and the quality of the setup is also only medium 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

256.12

357.89

We found 2 important support areas.

A support zone ranging from 300.59 to 302.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @258.71 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 314.43 to 319.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 346.67 to 347.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @354.35 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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 ASR is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ASR is down.
ChartMill Relative Strength	60.39	NEUTRAL	ASR is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ASR is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ASR is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of ASR is below the rising SMA(200).
Relative Strength Index/RSI (14)	33.56	NEUTRAL	The RSI value for ASR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.24	NEGATIVE	The MACD value suggests ASR has a negative trend, although the MACD value is rising.
Stochastics (14,3)	13.19	OVERSOLD	The low Stochastics value suggests ASR may be oversold.
Average True Range in percent/ATR (20)	2.65	MEDIUM VOLATILITY	The ATR as a percentage value for ASR suggests some volalility.
Average Directional Index/ADX (14)	40.28	POSITIVE	The high ADX value value for ASR suggests a strong trend.