We assign a technical rating of 4 out of 10 to ASTX. ASTX was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
- 100% of all other stocks performed better in the past year than ASTX.
- In the last month ASTX has a been trading in the 53.80 - 114.18 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- ASTX has an average volume of 2059880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
ASTX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
31.45
When analyzing the support we can see 4 important areas.
- A support zone ranging from 58.49 to 59.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @56.24 from a horizontal line in the daily time frame.
- Support @32.96 from a trend line in the weekly time frame.
- Support @31.77 from a trend 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 | UP | POSITIVE | The long term trend for ASTX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ASTX is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | ASTX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ASTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ASTX is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 45.42 | NEUTRAL | The RSI value for ASTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.29 | NEGATIVE | The MACD value suggests ASTX has a negative trend. |
| Stochastics (14,3) | 16.94 | OVERSOLD | The low Stochastics value suggests ASTX may be oversold. |
| Average True Range in percent/ATR (20) | 30.56 | HIGH VOLATILITY | The high ATR as a percentage value for ASTX suggests high volalility. |
| Average Directional Index/ADX (14) | 20.92 | NEUTRAL | The ADX value for ASTX suggests a possible start of a new trend. |
59.035
-7.7 (-11.53%)
TRADR 2X LONG ASTS DAILY ETF / ASTX FAQ
What is the technical rating for ASTX stock?
ChartMill assigns a technical rating of 4 / 10 to ASTX.
Can you provide the trend direction for TRADR 2X LONG ASTS DAILY ETF?
The current trend direction for TRADR 2X LONG ASTS DAILY ETF (ASTX) is Bullish.
What is the RSI signal for TRADR 2X LONG ASTS DAILY ETF (ASTX) stock?
TRADR 2X LONG ASTS DAILY ETF (ASTX) has an RSI value of 45.4154. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TRADR 2X LONG ASTS DAILY ETF?
The short term momentum for TRADR 2X LONG ASTS DAILY ETF (ASTX) is negative.
What is the support and resistance level for ASTX stock?
TRADR 2X LONG ASTS DAILY ETF (ASTX) has a support level at 59.02. Check the full technical report for our detailed analysis of ASTX support and resistance levels.