ASETEK A/S (ASTK.OL) Technical Analysis
OSL:ASTK • DK0060477263
Current stock price
ASTK.OL Technical Rating and Analysis
Overall ASTK gets a technical rating of 2 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- ASTK is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ASTK is lagging the market.
- 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 part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry. ASTK outperforms 74% of them.
- When compared to the yearly performance of all other stocks, ASTK outperforms 62% of them, which is more or less in line with the market.
ASTK.OL Weekly and Daily overview Charts
ASTK.OL Setup Rating and Analysis
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
ASTK.OL Support and Resistance Analysis
5.45
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.
When analyzing the resistance we notice 3 important 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.
ASTK.OL 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 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. |
ASTK.OL Chart- and CandleStick Pattern Analysis
ASTK.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:ASTK (3/26/2024, 7:00:00 PM)
6.34
+0.06 (+0.96%)
ASETEK A/S / ASTK.OL TA FAQ
What is the ChartMill technical rating of ASETEK A/S (ASTK.OL) stock?
ChartMill assigns a technical rating of 2 / 10 to ASTK.OL.
What is the current trend direction of ASETEK A/S (ASTK.OL) stock?
The current trend direction for ASETEK A/S (ASTK.OL) is Bearish.
Can you provide the RSI signal for ASETEK A/S?
ASETEK A/S (ASTK.OL) has an RSI value of 38.1581. This indicates that the stock is currently neutral.
What is the MACD signal for ASTK stock?
The MACD indicator for ASETEK A/S (ASTK.OL) has a value of -0.0673261, indicating a bearish trend.
What is the buy/sell signal for ASTK stock?
The buy/sell signal for ASETEK A/S (ASTK.OL) is sell as both the short term and long term trends are negative.