We assign a technical rating of 6 out of 10 to ASO. ASO has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
ASO has an average technical rating and it also 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.
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42.04
When analyzing the support we can see 3 important areas.
- A support zone ranging from 48.13 to 49.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.92 from a trend line in the weekly time frame.
- Support @42.46 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @55.51 from a horizontal line in the weekly time frame.
- Resistance @56.88 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 | NEUTRAL | NEUTRAL | The long term trend for ASO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASO is up. |
| ChartMill Relative Strength | 74.74 | POSITIVE | ASO has a high relative strength, it outperformed 74.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.24 | NEUTRAL | The RSI value for ASO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.11 | POSITIVE | The MACD value suggests ASO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.73 | OVERBOUGHT | The high Stochastics value suggests ASO may be overbought. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for ASO suggests some volalility. |
| Average Directional Index/ADX (14) | 34.74 | POSITIVE | The high ADX value value for ASO suggests a strong trend. |
55.5
-0.85 (-1.51%)
ACADEMY SPORTS & OUTDOORS IN / ASO FAQ
What is the technical rating for ASO stock?
ChartMill assigns a technical rating of 6 / 10 to ASO.
Can you provide the trend direction for ACADEMY SPORTS & OUTDOORS IN?
The current trend direction for ACADEMY SPORTS & OUTDOORS IN (ASO) is Bearish.
What is the RSI signal for ACADEMY SPORTS & OUTDOORS IN (ASO) stock?
ACADEMY SPORTS & OUTDOORS IN (ASO) has an RSI value of 68.2417. This indicates that the stock is currently neutral.
What is the support and resistance level for ASO stock?
ACADEMY SPORTS & OUTDOORS IN (ASO) has a support level at 49.26 and a resistance level at 55.51. Check the full technical report for our detailed analysis of ASO support and resistance levels.