ASPEN TECHNOLOGY INC (AZPN)       224.02  +1.87 (+0.84%)

224.02  +1.87 (+0.84%)

US29109X1063 - Common Stock

Technical Rating

9

Overall AZPN gets a technical rating of 9 out of 10. Both in the recent history as in the last year, AZPN has proven to be a steady performer, scoring decent points in every aspect analyzed.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, AZPN did better than 98% of all other stocks. On top of that, AZPN also shows a nice and consistent pattern of rising prices.
AZPN is one of the better performing stocks in the Software industry, it outperforms 98% of 364 stocks in the same industry.
AZPN is currently trading near its 52 week high. This is a good sign, definitely because the S&P500 Index is trading in the lower area of its yearly range.
In the last month AZPN has a been trading in the 203.01 - 232.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months 2.55% 12.54% 40.73% 77.73% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 98.63 122.29 - 232.285
AZPN Weekly chart
AZPN Daily chart

Support/Resistance Analysis


155.78

233.33
When analyzing the support we can see 4 important areas.
  • Support @214.28 from a trend line in the daily time frame.
  • A support zone ranging from 206.73 to 209.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 196.48 to 197.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @157.35 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
  • A resistance zone ranging from 225.53 to 226.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @231.02 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

6

AZPN 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. A pullback is taking place, which may present a nice opportunity for an entry.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
226.89216.8010.09 (4.45%)22.49%
An entry @226.89. This is a Buy Stop order right above the resistance zone.An exit @216.80. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 10.09 points, which is 4.45%.When investing 22.49% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
AZPN Daily chart

ASPEN TECHNOLOGY INC224.02

NASDAQ:AZPN (9/26/2022, 10:20:17 AM)+1.87 (+0.84%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Information Technology
GICS Industry Software
Performance
Today 0.84% 1 Week -1.86%
2 Weeks 0.33% 1 Month 2.55%
3 Month 12.54% 6 Month 40.73%
Volatility
ATR(14) 6.73 ATR(20)% 2.87%
ATR Inc -16.21% Range Today 5.24
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 98.63 Mansfield 4.98
10 Day High 232.29 10 Day Low 216.81
20 Day High 232.29 20 Day Low 203.01
52 Week High 232.29 52 Week Low 122.29
CS1 End 214.28 CR1 Start 225.53
Volume & EV
DER(3) -0.92% DER(5) 0.44%
Volume 23.54K Volume Incr 10.79%
Vol(5) 189.30K Vol(50) 157.66K

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the USA

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the USA