ASPEN TECHNOLOGY INC (AZPN) Stock Technical Analysis
USA - NASDAQ:AZPN - US29109X1063 - Common Stock
Taking everything into account, AZPN scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AZPN is showing a nice and steady performance.
Besides having an excellent technical rating, AZPN 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
We found 6 important support 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. |
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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.12%. |
- 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%)
ASPEN TECHNOLOGY INC / AZPN FAQ
What is the technical rating for AZPN stock?
ChartMill assigns a technical rating of 9 / 10 to AZPN.
Can you provide the trend direction for ASPEN TECHNOLOGY INC?
The current trend direction for ASPEN TECHNOLOGY INC (AZPN) is Bullish.
What is the RSI signal for AZPN stock?
ASPEN TECHNOLOGY INC (AZPN) has an RSI value of 54.3546. This indicates that the stock is currently neutral.
What is the MACD signal for ASPEN TECHNOLOGY INC (AZPN) stock?
The MACD indicator for ASPEN TECHNOLOGY INC (AZPN) has a value of -0.415975, indicating a bearish trend.
What are the support and resistance levels for ASPEN TECHNOLOGY INC (AZPN) stock?
ASPEN TECHNOLOGY INC (AZPN) has a support level at 260.1. Check the full technical report for our detailed analysis of AZPN support and resistance levels.