ASE TECHNOLOGY HOLDING -ADR (ASX) Stock Technical Analysis
NYSE:ASX - New York Stock Exchange, Inc. - US00215W1009 - ADR - Currency: USD
Overall ASX gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ASX was also a bad performer in the overall market in the last year.
75% of all other stocks performed better in the past year than ASX.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ASX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ASX has an average volume of 12818100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ASX is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 61% of 110 stocks in the same industry.
ASX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ASX is lagging the market slightly.
ASX has an average technical rating and also the quality of the setup is only medium 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
7.41
11.06
We found 3 important support areas.
- A support zone ranging from 9.63 to 9.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.70 from a trend line in the weekly time frame.
- Support @7.48 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 9.94 to 10.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @10.55 from a trend line in the weekly time frame.
- Resistance @10.95 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for ASX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASX is up. |
| ChartMill Relative Strength | 25.95 | NEGATIVE | ASX has a low relative strength, it was outperformed by 74.05% 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 | MIXED | The current price of ASX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.79 | NEUTRAL | The RSI value for ASX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ASX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.45 | NEUTRAL | The Stochastics value for ASX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for ASX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.68 | NEGATIVE | The low ADX value for ASX suggests a weak or negative trend. |
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)
9.64
-0.24 (-2.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.43%
1 Week-3.31%
2 Weeks4.1%
1 Month10.05%
3 Month-11.88%
6 Month-2.92%
12 Month-13.54%
2 Year26.51%
3 Year34.83%
5 Year136.27%
10 Year36.54%
15 Year130.62%
Volatility
ATR(14)0.26
ATR(20)%2.73%
ATR Inc-12.01%
Range Today0.21
ADR(20)0.21
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.95
Mansfield-0.54
10 Day High10.25
10 Day Low9.54
20 Day High10.25
20 Day Low8.46
52 Week High12.86
52 Week Low6.94
CS1 End9.63
CR1 Start9.94
Volume & EV
DER(3)1.66%
DER(5)2.79%
Volume16.24M
Volume Incr9.28%
Vol(5)12.80M
Vol(50)12.82M