ASE TECHNOLOGY HOLDING -ADR (ASX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ASX • US00215W1009
Taking everything into account, ASX scores 10 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ASX is one of the better performing stocks in the market, outperforming 93% of all stocks.
- ASX is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry. ASX outperforms 74% of them.
- ASX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ASX is lagging the market slightly.
- ASX has an average volume of 6838240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ASX has a been trading in the 16.67 - 20.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ASX has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
16.41
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.68 to 18.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.58 to 16.80. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for ASX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASX is up. |
| ChartMill Relative Strength | 93.47 | POSITIVE | ASX has a high relative strength, it outperformed 93.47% 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) | 59.17 | NEUTRAL | The RSI value for ASX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ASX has a negative trend. |
| Stochastics (14,3) | 70.64 | NEUTRAL | The Stochastics value for ASX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for ASX suggests some volalility. |
| Average Directional Index/ADX (14) | 43.91 | POSITIVE | The high ADX value value for ASX suggests a strong trend. |
18.98
-0.8 (-4.04%)
ASE TECHNOLOGY HOLDING -ADR / ASX 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.
Can you provide the RSI signal for ASE TECHNOLOGY HOLDING -ADR?
ASE TECHNOLOGY HOLDING -ADR (ASX) has an RSI value of 59.1668. This indicates that the stock is currently neutral.
What is the short term momentum for ASE TECHNOLOGY HOLDING -ADR (ASX) stock?
The short term momentum for ASE TECHNOLOGY HOLDING -ADR (ASX) is positive.
What is the buy/sell signal for ASX stock?
The buy/sell signal for ASE TECHNOLOGY HOLDING -ADR (ASX) is buy as both the short term and long term trends are positive.