ASE TECHNOLOGY HOLDING -ADR (ASX) Stock Technical Analysis
USA - NYSE:ASX - US00215W1009 - ADR
We assign a technical rating of 9 out of 10 to ASX. 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.
ASX has an excellent technical rating, but 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.
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9.29
4 important support areas can be observed.
- A support zone ranging from 14.43 to 14.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.06 from a trend line in the daily time frame.
- Support @9.89 from a trend line in the daily time frame.
- Support @9.38 from a horizontal 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 | 93.03 | POSITIVE | ASX has a high relative strength, it outperformed 93.03% 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) | 57.35 | NEUTRAL | The RSI value for ASX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests ASX has a negative trend. |
| Stochastics (14,3) | 50.24 | NEUTRAL | The Stochastics value for ASX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for ASX suggests some volalility. |
| Average Directional Index/ADX (14) | 33.33 | POSITIVE | The high ADX value value for ASX suggests a strong trend. |
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 |
|---|---|---|---|
| 15.27 | 14.42 | 0.85 (5.55%) | 18.02% |
| An entry @15.27. This is a Buy Stop order right above the 10 day moving average. | An exit @14.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.85 points, which is 5.55%. | For a 1.00% total portfolio risk, you can invest 18.02% of your capital in this trade. |
- 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.
14.61
-0.02 (-0.14%)
ASE TECHNOLOGY HOLDING -ADR / ASX FAQ
What is the technical rating for ASX stock?
ChartMill assigns a technical rating of 9 / 10 to ASX.
What is the trend direction for ASX stock?
The current trend direction for ASE TECHNOLOGY HOLDING -ADR (ASX) is Bullish.
What is the RSI signal for ASX stock?
ASE TECHNOLOGY HOLDING -ADR (ASX) has an RSI value of 57.3459. 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 -0.141385, indicating a bearish trend.
Can you provide the support and resistance levels for ASE TECHNOLOGY HOLDING -ADR?
ASE TECHNOLOGY HOLDING -ADR (ASX) has a support level at 14.6. Check the full technical report for our detailed analysis of ASX support and resistance levels.