ASE TECHNOLOGY HOLDING CO.
ASE TECHNOLOGY HOLDING CO.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
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Type: Stocks
Ticker: ASX
ISIN:

ASE TECHNOLOGY HOLDING CO. - Daily - Technical analysis published on 11/22/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on 11/22/2019 - 08:28
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
22%
56%
22%
My opinion
Bullish above 4.92 USD
My targets
5.10 USD (+2.20%)
5.31 USD (+6.41%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 4.92 USD remains possible. It is advisable to trade ASE TECHNOLOGY HOLDING CO. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.92 USD. The next bullish objective for buyers is set at 5.10 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.31 USD. If there is any crossing, the next objective would be the resistance located at 5.86 USD. PS: if there is a bearish break in the support located at 4.92 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
1.4

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

ASE TECHNOLOGY HOLDING CO. rating 4.99 USD. The price is lower by -2.35% since the last closing with the lowest point at 4.98 USD and the highest point at 5.08 USD. The deviation from the price is +0.20% for the low point and -1.77% for the high point.

4.98
5.08
4.99

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
Created with Raphaël 2.3.0-12.5012.52537.5January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of ASE TECHNOLOGY HOLDING CO. in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily



In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.22 4.41 4.92 4.99 5.10 5.31 5.86
Change (%) -15.43% -11.62% -1.40% - +2.20% +6.41% +17.43%
Change -0.77 -0.58 -0.07 - +0.11 +0.32 +0.87
Level Intermediate Major Major - Minor Major Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.025.065.095.135.165.205.23
Camarilla5.095.105.105.115.125.125.13
Woodie5.015.065.085.135.155.205.22
Fibonacci5.065.095.115.135.165.185.20


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.015.045.095.135.185.215.26
Camarilla5.125.125.135.145.155.165.16
Woodie5.015.045.105.135.185.215.27
Fibonacci5.045.075.095.135.165.185.21


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.144.354.724.945.315.535.90
Camarilla4.944.995.055.105.155.215.26
Woodie4.224.394.814.985.405.575.98
Fibonacci4.354.574.714.945.165.305.53

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Created with Raphaël 2.3.0Sell10
Moving averages
Created with Raphaël 2.3.0Buy20

RSI (14): 44.52
MACD (12,26,9): 0.0500
Directional Movement: -1.26
AROON (14): -92.86
DEMA (21): 5.17
Parabolic SAR (0,02-0,02-0,2): 5.31
Elder Ray (13): -0.08
Super Trend (3,10): 4.97
Zig ZAG (10): 4.99
VORTEX (21): 0.8600
Stochastique (14,3,5): 15.70
TEMA (21): 5.12
Williams %R (14): -96.97
Chande Momentum Oscillator (20): -0.23
Repulse (5,40,3): -3.7800
ROCnROLL: -1
TRIX (15,9): 0.2400
Courbe Coppock: 1.30
MA7: 5.11
MA20: 5.13
MA50: 4.90
MA100: 4.60
MAexp7: 5.10
MAexp20: 5.09
MAexp50: 4.92
MAexp100: 4.68
Price / MA7: -2.35%
Price / MA20: -2.73%
Price / MA50: +1.84%
Price / MA100: +8.48%
Price / MAexp7: -2.16%
Price / MAexp20: -1.96%
Price / MAexp50: +1.42%
Price / MAexp100: +6.62%

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

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