ASCENT SOLAR TECHNOLOGIES (ASTI) Stock Technical Analysis
USA - NASDAQ:ASTI - US0436358040 - Common Stock
2.26 USD
-0.19 (-7.76%)
2.12 USD
-0.14 (-6.19%)
Overall ASTI gets a technical rating of 6 out of 10. ASTI has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, ASTI is a bad performer in the overall market: 75% of all stocks are doing better.
ASTI is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 78% of 112 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ASTI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASTI is lagging the market.
In the last month ASTI has a been trading in the 1.89 - 2.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
ASTI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 2.12, a Stop Loss order could be placed below this zone.
More info and screens
1.82
3.36
We found 3 important support areas.
- A support zone ranging from 2.07 to 2.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.89 to 1.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.84 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.30 to 2.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.46 from a horizontal line in the daily time frame.
- Resistance @3.33 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 | NEUTRAL | NEUTRAL | The long term trend for ASTI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASTI is up. |
| ChartMill Relative Strength | 25.44 | NEGATIVE | ASTI has a low relative strength, it was outperformed by 74.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASTI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASTI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ASTI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.07 | NEUTRAL | The RSI value for ASTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ASTI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.13 | NEUTRAL | The Stochastics value for ASTI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.14 | HIGH VOLATILITY | The high ATR as a percentage value for ASTI suggests high volalility. |
| Average Directional Index/ADX (14) | 21.6 | NEUTRAL | The ADX value for ASTI suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 2.33 | 2.07 | 0.26 (11.16%) | 8.96% |
| An entry @2.33. This is a Buy Stop order right above the resistance zone. | An exit @2.07. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.26 points, which is 11.16%. | For a 1.00% total portfolio risk, you can invest 8.96% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ASTI. 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.
2.26
-0.19 (-7.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-7.76%
1 Week-7.38%
2 Weeks7.62%
1 Month3.67%
3 Month7.62%
6 Month60.28%
12 Month-20.14%
2 Year-97.49%
3 Year-100%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%8.14%
ATR Inc38.56%
Range Today0.27
ADR(20)0.18
ADR(20)%7.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.44
Mansfield-0.42
10 Day High2.55
10 Day Low2.08
20 Day High2.55
20 Day Low1.89
52 Week High4.41
52 Week Low1.1
CS1 End2.12
CR1 Start2.3
Volume & EV
DER(3)2.33%
DER(5)-0.52%
Volume176.50K
Volume Incr-62.89%
Vol(5)390.74K
Vol(50)881.35K