ASSERTIO HOLDINGS INC (ASRT) Stock Technical Analysis
NASDAQ:ASRT - Nasdaq - US04546C2052 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to ASRT. In the past year, ASRT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ASRT is a bad performer in the overall market: 89% of all stocks are doing better.
ASRT is one of the lesser performing stocks in the Pharmaceuticals industry. 65% of 194 stocks in the same industry do better.
ASRT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ASRT has a been trading in the 0.63 - 0.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ASRT has an average technical rating and it also 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
0.60
0.79
We found 2 important support areas.
- A support zone ranging from 0.64 to 0.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.61 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.78 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 ASRT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASRT is up. |
| ChartMill Relative Strength | 11.93 | NEGATIVE | ASRT has a low relative strength, it was outperformed by 88.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASRT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASRT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ASRT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.72 | NEUTRAL | The RSI value for ASRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ASRT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.73 | NEUTRAL | The Stochastics value for ASRT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for ASRT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.53 | NEGATIVE | The low ADX value for ASRT 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)
0.74
-0.01 (-1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.27%
1 Week9.96%
2 Weeks7.09%
1 Month13.69%
3 Month19.74%
6 Month-12.22%
12 Month-50.83%
2 Year-86.99%
3 Year-81.03%
5 Year-79.46%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%4.62%
ATR Inc4.76%
Range Today0.02
ADR(20)0.03
ADR(20)%4.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.93
Mansfield-2.26
10 Day High0.79
10 Day Low0.66
20 Day High0.79
20 Day Low0.63
52 Week High1.54
52 Week Low0.51
CS1 End0.7
CR1 Start0.78
Volume & EV
DER(3)2.9%
DER(5)1.92%
Volume148.10K
Volume Incr20.97%
Vol(5)298.02K
Vol(50)238.28K