ASE TECHNOLOGY HOLDING CO.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ASX
ISIN:

ASE TECHNOLOGY HOLDING CO. - Daily - Technical analysis published on 05/21/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 10.53 USD

My targets

11.21 USD (+3.32%)

11.66 USD (+7.47%)

My analysis

The bullish trend is currently very strong on ASE TECHNOLOGY HOLDING CO.. As long as the price remains above the support at 10.53 USD, you could try to benefit from the boom. The first bullish objective is located at 11.21 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.66 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.7

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

The ASE TECHNOLOGY HOLDING CO. rating is 10.85 USD. On the day, this instrument gained +3.14% with the lowest point at 10.53 USD and the highest point at 10.94 USD. The deviation from the price is +3.04% for the low point and -0.82% for the high point.

10.53

10.94

10.85

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

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:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ASE TECHNOLOGY HOLDING CO. chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	8.80	9.92	10.53	10.85	11.21	11.66
Change (%)	-18.89%	-8.57%	-2.95%	-	+3.32%	+7.47%
Change	-2.05	-0.93	-0.32	-	+0.36	+0.81
Level	Major	Major	Major	-	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.20	10.36	10.61	10.77	11.02	11.18	11.43
Camarilla	10.74	10.78	10.81	10.85	10.89	10.93	10.96
Woodie	10.24	10.38	10.65	10.79	11.06	11.20	11.47
Fibonacci	10.36	10.52	10.62	10.77	10.93	11.03	11.18

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.20	10.36	10.61	10.77	11.02	11.18	11.43
Camarilla	10.74	10.78	10.81	10.85	10.89	10.93	10.96
Woodie	10.24	10.38	10.65	10.79	11.06	11.20	11.47
Fibonacci	10.36	10.52	10.62	10.77	10.93	11.03	11.18

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):	57.41
MACD (12,26,9):	0.0200
Directional Movement:	11.38
AROON (14):	92.86
DEMA (21):	10.49
Parabolic SAR (0,02-0,02-0,2):	10.24
Elder Ray (13):	0.23
Super Trend (3,10):	10.92
Zig ZAG (10):	10.85
VORTEX (21):	0.9600
Stochastique (14,3,5):	78.68
TEMA (21):	10.53
Williams %R (14):	-8.13
Chande Momentum Oscillator (20):	0.69
Repulse (5,40,3):	2.6600
ROCnROLL:	1
TRIX (15,9):	-0.0800
Courbe Coppock:	7.04

MA7:	10.56
MA20:	10.37
MA50:	10.71
MA100:	10.07
MAexp7:	10.58
MAexp20:	10.49
MAexp50:	10.43
MAexp100:	10.06
Price / MA7:	+2.75%
Price / MA20:	+4.63%
Price / MA50:	+1.31%
Price / MA100:	+7.75%
Price / MAexp7:	+2.55%
Price / MAexp20:	+3.43%
Price / MAexp50:	+4.03%
Price / MAexp100:	+7.85%

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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