USA - New York Stock Exchange - NYSE:ASX - US00215W1009 - ADR
We assign a technical rating of 10 out of 10 to ASX. Both in the recent history as in the last year, ASX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although ASX has an excellent technical rating, the quality of the presented setup is not ideal 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.
9.29
When analyzing the support we can see 3 important areas.
2 important resistance areas can be observed.
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 ASX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASX is neutral. |
| ChartMill Relative Strength | 91.76 | POSITIVE | ASX has a high relative strength, it outperformed 91.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ASX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.16 | NEUTRAL | The RSI value for ASX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests ASX has a negative trend. |
| Stochastics (14,3) | 14.74 | OVERSOLD | The low Stochastics value suggests ASX may be oversold. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for ASX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.95 | NEUTRAL | The ADX value for ASX suggests a possible start of a new trend. |
15.16
+0.29 (+1.95%)
ChartMill assigns a technical rating of 10 / 10 to ASX.
The current trend direction for ASE TECHNOLOGY HOLDING -ADR (ASX) is Bullish.
ASE TECHNOLOGY HOLDING -ADR (ASX) has an RSI value of 52.1632. This indicates that the stock is currently neutral.
The MACD indicator for ASE TECHNOLOGY HOLDING -ADR (ASX) has a value of -0.129254, indicating a bearish trend.
ASE TECHNOLOGY HOLDING -ADR (ASX) has a support level at 13.98 and a resistance level at 16.02. Check the full technical report for our detailed analysis of ASX support and resistance levels.