ASE TECHNOLOGY HOLDING -ADR (ASX) Stock Technical Analysis
NYSE:ASX - US00215W1009 - ADR
10.04 USD
+0.16 (+1.62%)
10.04 USD
0 (0%)
Overall ASX gets a technical rating of 3 out of 10. In the last year, ASX was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
ASX has an average volume of 8635390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, ASX outperforms 48% of them, which is more or less in line with the market.
ASX is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 44% 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 currently trading near new highs, so ASX is lagging the market.
In the last month ASX has a been trading in the 9.29 - 10.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ASX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.00, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ASX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.41
11.06
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.70 to 10.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.38 to 9.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @7.48 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.19 to 10.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for ASX is neutral. |
| ChartMill Relative Strength | 48.06 | NEUTRAL | ASX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ASX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ASX is below a declining 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) | 51.01 | NEUTRAL | The RSI value for ASX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ASX has a positive trend. |
| Stochastics (14,3) | 61.62 | NEUTRAL | The Stochastics value for ASX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for ASX suggests some volalility. |
| Average Directional Index/ADX (14) | 21.71 | NEUTRAL | The ADX value for ASX suggests a possible start of a new 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)
10.04
+0.16 (+1.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.62%
1 Week2.14%
2 Weeks-0.89%
1 Month-4.2%
3 Month7.04%
6 Month-0.89%
12 Month0.5%
2 Year22.14%
3 Year74.31%
5 Year144.28%
10 Year104.07%
15 Year196.17%
Volatility
ATR(14)0.22
ATR(20)%2.71%
ATR Inc-44.7%
Range Today0.13
ADR(20)0.19
ADR(20)%1.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.06
Mansfield-0.7
10 Day High10.14
10 Day Low9.52
20 Day High10.43
20 Day Low9.3
52 Week High11.37
52 Week Low6.94
CS1 End10
CR1 Start10.19
Volume & EV
DER(3)8.79%
DER(5)8.73%
Volume5.10M
Volume Incr5.96%
Vol(5)7.38M
Vol(50)8.64M