ASE TECHNOLOGY HOLDING CO.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	ASX
ISIN:

ASE TECHNOLOGY HOLDING CO. - Daily - Technical analysis published on 05/15/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 9.92 USD

My targets

10.82 USD (+1.69%)

11.21 USD (+5.36%)

My analysis

The basic bullish trend is very strong on ASE TECHNOLOGY HOLDING CO. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 9.92 USD. Crossing the first resistance at 10.82 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 11.21 USD as an objective. Crossing it would then enable buyers to target 11.66 USD. Caution, a return to below 9.92 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Qaisali123. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ASE TECHNOLOGY HOLDING CO. rating 10.64 USD. The price registered an increase of +1.43% on the session and was between 10.55 USD and 10.66 USD. This implies that the price is at +0.85% from its lowest and at -0.19% from its highest.

10.55

10.66

10.64

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ASE TECHNOLOGY HOLDING CO.:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ASE TECHNOLOGY HOLDING CO. in Daily shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.94	8.80	9.92	10.64	10.82	11.21	11.66
Change (%)	-25.38%	-17.29%	-6.77%	-	+1.69%	+5.36%	+9.59%
Change	-2.70	-1.84	-0.72	-	+0.18	+0.57	+1.02
Level	Minor	Major	Major	-	Minor	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.18	10.24	10.37	10.43	10.56	10.62	10.75
Camarilla	10.44	10.46	10.47	10.49	10.51	10.53	10.54
Woodie	10.21	10.26	10.40	10.45	10.59	10.64	10.78
Fibonacci	10.24	10.32	10.36	10.43	10.51	10.55	10.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.90	10.07	10.29	10.46	10.68	10.85	11.07
Camarilla	10.41	10.45	10.48	10.52	10.56	10.59	10.63
Woodie	9.94	10.08	10.33	10.47	10.72	10.86	11.11
Fibonacci	10.07	10.22	10.31	10.46	10.61	10.70	10.85

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.07	8.99	9.51	10.43	10.95	11.87	12.39
Camarilla	9.64	9.78	9.91	10.04	10.17	10.30	10.44
Woodie	7.88	8.89	9.32	10.33	10.76	11.77	12.20
Fibonacci	8.99	9.54	9.88	10.43	10.98	11.32	11.87

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	54.28
MACD (12,26,9):	-0.0300
Directional Movement:	4.37
AROON (14):	71.43
DEMA (21):	10.37
Parabolic SAR (0,02-0,02-0,2):	10.09
Elder Ray (13):	0.19
Super Trend (3,10):	10.92
Zig ZAG (10):	10.65
VORTEX (21):	0.8600
Stochastique (14,3,5):	78.80
TEMA (21):	10.35
Williams %R (14):	-1.95
Chande Momentum Oscillator (20):	0.32
Repulse (5,40,3):	1.5600
ROCnROLL:	1
TRIX (15,9):	-0.1400
Courbe Coppock:	3.76

MA7:	10.43
MA20:	10.30
MA50:	10.74
MA100:	10.02
MAexp7:	10.45
MAexp20:	10.43
MAexp50:	10.40
MAexp100:	10.02
Price / MA7:	+2.01%
Price / MA20:	+3.30%
Price / MA50:	-0.93%
Price / MA100:	+6.19%
Price / MAexp7:	+1.82%
Price / MAexp20:	+2.01%
Price / MAexp50:	+2.31%
Price / MAexp100:	+6.19%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on ASE TECHNOLOGY HOLDING CO.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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