ASE TECHNOLOGY HOLDING -ADR (ASX) Stock Technical Analysis
NYSE:ASX - New York Stock Exchange, Inc. - US00215W1009 - ADR - Currency: USD
We assign a technical rating of 7 out of 10 to ASX. In the last year, ASX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month ASX has a been trading in the 9.92 - 10.72 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ASX has an average volume of 12296200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ASX outperforms 47% 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 40% 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.
ASX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 10.35, a Stop Loss order could be placed below this zone.
More info and screens
7.41
10.68
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.12 to 10.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @7.73 from a trend line in the weekly time frame.
- Support @7.48 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @10.57 from a trend line in the daily 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 | 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 | 47.74 | NEUTRAL | ASX is not amongst the best or worst performers 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) | 57.43 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 57.08 | NEUTRAL | The Stochastics value for ASX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for ASX suggests some volalility. |
| Average Directional Index/ADX (14) | 13.65 | 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)
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 |
|---|---|---|---|
| 10.58 | 10.11 | 0.47 (4.44%) | 22.51% |
| An entry @10.58. This is a Buy Stop order right above the resistance zone. | An exit @10.11. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.47 points, which is 4.44%. | For a 1.00% total portfolio risk, you can invest 22.51% of your capital in this trade. |
- 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.
10.41
+0.05 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.48%
1 Week0.39%
2 Weeks-2.25%
1 Month2.16%
3 Month25.42%
6 Month-0.76%
12 Month-12.52%
2 Year29.64%
3 Year76.74%
5 Year107.78%
10 Year85.89%
15 Year174.67%
Volatility
ATR(14)0.23
ATR(20)%2.25%
ATR Inc-20.83%
Range Today0.23
ADR(20)0.2
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.74
Mansfield-0.2
10 Day High10.67
10 Day Low9.92
20 Day High10.72
20 Day Low9.92
52 Week High12.04
52 Week Low6.94
CS1 End10.35
CR1 Start10.57
Volume & EV
DER(3)2.44%
DER(5)2.23%
Volume9.39M
Volume Incr-27%
Vol(5)9.34M
Vol(50)12.30M