ASSERTIO HOLDINGS INC (ASRT) Stock Technical Analysis
NASDAQ:ASRT • US04546C3043
We assign a technical rating of 7 out of 10 to ASRT. ASRT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month ASRT has a been trading in the 11.08 - 12.95 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When comparing the performance of all stocks over the past year, ASRT turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
- ASRT is part of the Pharmaceuticals industry. There are 192 other stocks in this industry, ASRT did better than 57% of them.
- ASRT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASRT is lagging the market.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ASRT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
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9.04
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.83 to 12.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.58 to 11.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.13 to 9.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @12.30 from a trend line in the weekly time frame.
- A resistance zone ranging from 12.55 to 12.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @13.65 from a horizontal 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 ASRT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASRT is up. |
| ChartMill Relative Strength | 58.11 | NEUTRAL | ASRT is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of ASRT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.33 | NEUTRAL | The RSI value for ASRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ASRT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.16 | NEUTRAL | The Stochastics value for ASRT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for ASRT suggests high volalility. |
| Average Directional Index/ADX (14) | 24.11 | NEUTRAL | The ADX value for ASRT suggests a possible start of a new 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 |
|---|---|---|---|
| 12.31 | 11.82 | 0.49 (3.98%) | 25.00% |
| An entry @12.31. This is a Buy Stop order right above the resistance zone. | An exit @11.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.49 points, which is 3.98%. | For a 1.00% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ASRT. 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.
12.04
+0.2 (+1.69%)
ASSERTIO HOLDINGS INC / ASRT FAQ
Can you provide the ChartMill technical rating for ASSERTIO HOLDINGS INC?
ChartMill assigns a technical rating of 7 / 10 to ASRT.
What is the current trend direction of ASSERTIO HOLDINGS INC (ASRT) stock?
The current trend direction for ASSERTIO HOLDINGS INC (ASRT) is Bullish.
What is the RSI signal for ASRT stock?
ASSERTIO HOLDINGS INC (ASRT) has an RSI value of 54.3318. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ASSERTIO HOLDINGS INC?
The MACD indicator for ASSERTIO HOLDINGS INC (ASRT) has a value of -0.0613139, indicating a bearish trend.
What are the support and resistance levels for ASSERTIO HOLDINGS INC (ASRT) stock?
ASSERTIO HOLDINGS INC (ASRT) has a support level at 12.01 and a resistance level at 12.3. Check the full technical report for our detailed analysis of ASRT support and resistance levels.