Ase Industrial Holding Stock Technical Analysis

ASX Stock  USD 10.59  0.16  1.49%   
As of the 17th of April 2024, ASE Industrial shows the Mean Deviation of 1.67, downside deviation of 1.66, and Risk Adjusted Performance of 0.1014. ASE Industrial Holding technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We are able to interpolate and collect nineteen technical drivers for ASE Industrial Holding, which can be compared to its peers. Please confirm ASE Industrial Holding market risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if ASE Industrial Holding is priced favorably, providing market reflects its regular price of 10.59 per share. Given that ASE Industrial has jensen alpha of 0.2404, we suggest you to validate ASE Industrial Holding's prevailing market performance to make sure the company can sustain itself in the future.

ASE Industrial Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ASE, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ASE
  
ASE Industrial's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

ASE Industrial Analyst Consensus

Target PriceAdvice# of Analysts
7.77Buy3Odds
ASE Industrial Holding current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most ASE analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand ASE stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of ASE Industrial Holding, talking to its executives and customers, or listening to ASE conference calls.
ASE Analyst Advice Details
ASE Industrial technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of ASE Industrial technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ASE Industrial trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

ASE Industrial Holding Technical Analysis

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The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of ASE Industrial Holding volatility. High ATR values indicate high volatility, and low values indicate low volatility.

ASE Industrial Holding Trend Analysis

Use this graph to draw trend lines for ASE Industrial Holding. You can use it to identify possible trend reversals for ASE Industrial as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ASE Industrial price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

ASE Industrial Best Fit Change Line

The following chart estimates an ordinary least squares regression model for ASE Industrial Holding applied against its price change over selected period. The best fit line has a slop of   0.04  , which may imply that ASE Industrial Holding will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 55.53, which is the sum of squared deviations for the predicted ASE Industrial price change compared to its average price change.

About ASE Industrial Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of ASE Industrial Holding on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of ASE Industrial Holding based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on ASE Industrial Holding price pattern first instead of the macroeconomic environment surrounding ASE Industrial Holding. By analyzing ASE Industrial's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of ASE Industrial's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to ASE Industrial specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2023 2024 (projected)
Dividend Yield0.01940.03050.0383
Price To Sales Ratio1.632.131.76

ASE Industrial April 17, 2024 Technical Indicators

Most technical analysis of ASE help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for ASE from various momentum indicators to cycle indicators. When you analyze ASE charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

ASE Industrial April 17, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as ASE stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether ASE Industrial Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ASE Industrial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ase Industrial Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ase Industrial Holding Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASE Industrial Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for ASE Stock analysis

When running ASE Industrial's price analysis, check to measure ASE Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ASE Industrial is operating at the current time. Most of ASE Industrial's value examination focuses on studying past and present price action to predict the probability of ASE Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASE Industrial's price. Additionally, you may evaluate how the addition of ASE Industrial to your portfolios can decrease your overall portfolio volatility.
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Is ASE Industrial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASE Industrial. If investors know ASE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ASE Industrial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.41)
Earnings Share
0.5
Revenue Per Share
270.918
Quarterly Revenue Growth
(0.1)
Return On Assets
0.0367
The market value of ASE Industrial Holding is measured differently than its book value, which is the value of ASE that is recorded on the company's balance sheet. Investors also form their own opinion of ASE Industrial's value that differs from its market value or its book value, called intrinsic value, which is ASE Industrial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASE Industrial's market value can be influenced by many factors that don't directly affect ASE Industrial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ASE Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASE Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASE Industrial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.