ASE TECHNOLOGY HOLDING -ADR (ASX) Technical Analysis
NYSE:ASX • US00215W1009
Current stock price
22.28 USD
-0.2 (-0.89%)
At close:
22.6672 USD
+0.39 (+1.74%)
After Hours:
ASX Technical Rating and Analysis
Taking everything into account, ASX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ASX is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, ASX did better than 96% of all other stocks. On top of that, ASX also shows a nice and consistent pattern of rising prices.
- ASX is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry. ASX outperforms 82% of them.
- ASX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ASX is performing more or less in line with the market.
- In the last month ASX has a been trading in the 20.45 - 22.79 range, which is quite wide. It is currently trading near the high of this range.
- ASX has an average volume of 8181320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ASX Weekly and Daily overview Charts
ASX Setup Rating and Analysis
Besides having an excellent technical rating, ASX also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
ASX Support and Resistance Analysis
19.63
22.50
3 important support areas can be observed.
- A support zone ranging from 21.65 to 21.82. 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 20.73 to 21.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.83 from a trend line in the daily time frame.
ASX 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 | 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 | 96.13 | POSITIVE | ASX has a high relative strength, it outperformed 96.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASX is above 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) | 53.69 | NEUTRAL | The RSI value for ASX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ASX has a positive trend. |
| Stochastics (14,3) | 72.51 | NEUTRAL | The Stochastics value for ASX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for ASX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.07 | NEGATIVE | The low ADX value for ASX suggests a weak or negative trend. |
ASX Chart- and CandleStick Pattern Analysis
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)
ASX Example Setup
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 |
|---|---|---|---|
| 22.80 | 21.64 | 1.16 (5.09%) | 19.66% |
| An entry @22.80. This is a Buy Stop order right above the 10 day high. | An exit @21.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.16 points, which is 5.09%. | When investing 19.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ASX. 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.
ASX Technicals: Chart, Performance Metrics, Trend & Indicators
22.28
-0.2 (-0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.89%
1 Week3.97%
2 Weeks1.74%
1 Month1%
3 Month32.15%
6 Month101.08%
12 Month190.48%
2 Year121.91%
3 Year224.78%
5 Year168.11%
10 Year334.31%
15 Year277.63%
Volatility
ATR(14)0.9
ATR(20)%4.06%
ATR Inc5.46%
Range Today0.8
ADR(20)0.77
ADR(20)%3.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.13
3 months CRS94.54
6 months CRS98.28
Mansfield5.87
10 Day High22.79
10 Day Low20.61
20 Day High22.79
20 Day Low20.45
52 Week High25.29
52 Week Low6.94
CS1 End21.82
CR1 StartN/A
Volume & EV
DER(3)-0.7%
DER(5)-1.61%
Volume4.90M
Volume Incr6.75%
Vol(5)7.64M
Vol(50)8.18M
ASE TECHNOLOGY HOLDING -ADR / ASX TA FAQ
What is the technical rating for ASX stock?
ChartMill assigns a technical rating of 10 / 10 to ASX.
What is the current trend direction of ASE TECHNOLOGY HOLDING -ADR (ASX) stock?
The current trend direction for ASE TECHNOLOGY HOLDING -ADR (ASX) is Bullish.
What is the RSI signal for ASE TECHNOLOGY HOLDING -ADR (ASX) stock?
ASE TECHNOLOGY HOLDING -ADR (ASX) has an RSI value of 53.6886. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ASE TECHNOLOGY HOLDING -ADR?
The MACD indicator for ASE TECHNOLOGY HOLDING -ADR (ASX) has a value of 0.029368, indicating a bearish trend.
What is the short term momentum for ASE TECHNOLOGY HOLDING -ADR (ASX) stock?
The short term momentum for ASE TECHNOLOGY HOLDING -ADR (ASX) is neutral.