ASETEK A/S (ASTK.OL) Stock Technical Analysis
OSL:ASTK - Euronext Oslo - DK0060477263 - Common Stock - Currency: NOK
We assign a technical rating of 2 out of 10 to ASTK. ASTK 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.
ASTK 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.
ASTK is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
ASTK is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 71% of 29 stocks in the same industry.
When comparing the performance of all stocks over the past year, ASTK turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
The technical rating of ASTK is bad and it also does not present a 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
5.45
8.26
When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.28 to 6.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.68 to 5.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.51 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 6.35 to 6.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.91 from a trend line in the weekly time frame.
- A resistance zone ranging from 8.14 to 8.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ASTK.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ASTK.OL is down. |
| ChartMill Relative Strength | 62.26 | NEUTRAL | ASTK.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ASTK.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ASTK.OL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ASTK.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.16 | NEUTRAL | The RSI value for ASTK.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ASTK.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.31 | OVERSOLD | The low Stochastics value suggests ASTK.OL may be oversold. |
| Average True Range in percent/ATR (20) | 6.66 | HIGH VOLATILITY | The high ATR as a percentage value for ASTK.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 25.51 | POSITIVE | The high ADX value value for ASTK.OL suggests a strong 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)
OSL:ASTK (3/26/2024, 7:00:00 PM)
6.34
+0.06 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg0.96%
1 Week-0.94%
2 Weeks-0.94%
1 Month-20.55%
3 Month9.31%
6 Month-17.23%
12 Month14.65%
2 Year-81.19%
3 Year-92.45%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%6.66%
ATR Inc22.94%
Range Today0.78
ADR(20)0.42
ADR(20)%6.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.26
Mansfield-2.21
10 Day High6.7
10 Day Low5.6
20 Day High8.9
20 Day Low5.6
52 Week High13.25
52 Week Low3.07
CS1 End6.29
CR1 Start6.35
Volume & EV
DER(3)2.02%
DER(5)1.21%
Volume200.90K
Volume Incr-10.51%
Vol(5)60.07K
Vol(50)61.01K