ASPEN TECHNOLOGY INC (AZPN) Stock Technical Analysis
NASDAQ:AZPN - Nasdaq - US29109X1063 - Common Stock - Currency: USD
Taking everything into account, AZPN scores 9 out of 10 in our technical rating. 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 long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that AZPN is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, AZPN also shows a nice and consistent pattern of rising prices.
AZPN is part of the Software industry. There are 284 other stocks in this industry. AZPN outperforms 81% of them.
AZPN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AZPN is lagging the market slightly.
In the last month AZPN has a been trading in a tight range between 263.33 and 266.70.
Volume is considerably higher in the last couple of days.
AZPN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
180.92
266.97
When analyzing the support we can see 6 important areas.
- A support zone ranging from 259.45 to 260.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @250.94 from a horizontal line in the daily time frame.
- A support zone ranging from 245.30 to 246.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @233.66 from a horizontal line in the weekly time frame.
- Support @194.72 from a trend line in the weekly time frame.
- Support @182.75 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 | UP | POSITIVE | The long term trend for AZPN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AZPN is up. |
| ChartMill Relative Strength | 90.12 | POSITIVE | AZPN has a high relative strength, it outperformed 90.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AZPN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AZPN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AZPN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.35 | NEUTRAL | The RSI value for AZPN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests AZPN has a negative trend. |
| Stochastics (14,3) | 41.87 | NEUTRAL | The Stochastics value for AZPN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.4 | LOW VOLATILITY | The low ATR as a percentage value for AZPN suggests low volalility. |
| Average Directional Index/ADX (14) | 30.69 | POSITIVE | The high ADX value value for AZPN suggests a strong 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 |
|---|---|---|---|
| 264.65 | 263.35 | 1.30 (0.49%) | 25.00% |
| An entry @264.65. This is a Buy Stop order right above the 10 day moving average. | An exit @263.35. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.30 points, which is 0.49%. | For a 0.12% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AZPN. 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.
264.33
+0.03 (+0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.01%
1 Week-0.1%
2 Weeks0.22%
1 Month-0.44%
3 Month6.24%
6 Month17.37%
12 Month35.61%
2 Year15.49%
3 Year59.84%
5 Year178.04%
10 Year586.75%
15 Year2478.83%
Volatility
ATR(14)0.99
ATR(20)%0.4%
ATR Inc10.86%
Range Today0.96
ADR(20)1.05
ADR(20)%0.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.12
Mansfield1.28
10 Day High266.42
10 Day Low263.36
20 Day High266.7
20 Day Low263.33
52 Week High277.37
52 Week Low171.25
CS1 End260.1
CR1 StartN/A
Volume & EV
DER(3)-3.23%
DER(5)-1.95%
Volume4.25M
Volume Incr191.94%
Vol(5)1.86M
Vol(50)728.25K