AMTECH SYSTEMS INC (ASYS) Technical Analysis
NASDAQ:ASYS • US0323325045
We assign a technical rating of 8 out of 10 to ASYS. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that ASYS is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by ASYS over the past year are nicely spread over this period.
- ASYS is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry. ASYS outperforms 91% of them.
- ASYS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASYS is lagging the market.
- In the last month ASYS has a been trading in the 10.02 - 17.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ASYS has an excellent technical rating, it does not offer a high quality setup 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
9.05
When analyzing the support we can see 4 important areas.
- A support zone ranging from 12.53 to 12.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.90 from a trend line in the daily time frame.
- Support @9.42 from a trend line in the daily time frame.
- Support @9.14 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.10 to 14.10. This zone is formed by a combination of multiple trend lines 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 ASYS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASYS is neutral. |
| ChartMill Relative Strength | 97.27 | POSITIVE | ASYS has a high relative strength, it outperformed 97.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ASYS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASYS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASYS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.12 | NEUTRAL | The RSI value for ASYS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests ASYS has a positive trend. |
| Stochastics (14,3) | 88.24 | OVERBOUGHT | The high Stochastics value suggests ASYS may be overbought. |
| Average True Range in percent/ATR (20) | 9.13 | HIGH VOLATILITY | The high ATR as a percentage value for ASYS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.8 | NEUTRAL | The ADX value for ASYS suggests a possible start of a new trend. |
ASYS Technicals: Chart, Performance Metrics, Trend & Indicators
14.09
+0.68 (+5.07%)
AMTECH SYSTEMS INC / ASYS FAQ
What is the ChartMill technical rating of AMTECH SYSTEMS INC (ASYS) stock?
ChartMill assigns a technical rating of 8 / 10 to ASYS.
What is the trend direction for ASYS stock?
The current trend direction for AMTECH SYSTEMS INC (ASYS) is Bullish.
What is the RSI signal for AMTECH SYSTEMS INC (ASYS) stock?
AMTECH SYSTEMS INC (ASYS) has an RSI value of 55.1206. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for AMTECH SYSTEMS INC?
AMTECH SYSTEMS INC (ASYS) has a support level at 12.79 and a resistance level at 14.1. Check the full technical report for our detailed analysis of ASYS support and resistance levels.