ASE TECHNOLOGY HOLDING CO. - 1H - Technical analysis published on 12/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 10.09 USD
My targets
10.29 USD (+1.28%)
10.74 USD (+5.71%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ASE TECHNOLOGY HOLDING CO. as long as the price remains well above 10.09 USD. The buyers' bullish objective is set at 10.29 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.74 USD. If there is any crossing, the next objective would be the resistance located at 11.04 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8.4
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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. price is 10.16 USD. The price has increased by +2.94% since the last closing with the lowest point at 10.01 USD and the highest point at 10.21 USD. The deviation from the price is +1.50% for the low point and -0.49% for the high point.10.01
10.21
10.16
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ASE TECHNOLOGY HOLDING CO. in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.62 | 9.85 | 10.09 | 10.16 | 10.17 | 10.29 | 10.74 |
| Change (%) | -5.31% | -3.05% | -0.69% | - | +0.10% | +1.28% | +5.71% |
| Change | -0.54 | -0.31 | -0.07 | - | +0.01 | +0.13 | +0.58 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 9.84 | 9.93 | 10.04 | 10.13 | 10.24 | 10.33 | 10.44 |
| Camarilla | 10.11 | 10.12 | 10.14 | 10.16 | 10.18 | 10.20 | 10.22 |
| Woodie | 9.86 | 9.94 | 10.06 | 10.14 | 10.26 | 10.34 | 10.46 |
| Fibonacci | 9.93 | 10.00 | 10.05 | 10.13 | 10.20 | 10.25 | 10.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.35 | 9.57 | 9.86 | 10.08 | 10.37 | 10.59 | 10.88 |
| Camarilla | 10.02 | 10.07 | 10.11 | 10.16 | 10.21 | 10.25 | 10.30 |
| Woodie | 9.40 | 9.59 | 9.91 | 10.10 | 10.42 | 10.61 | 10.93 |
| Fibonacci | 9.57 | 9.76 | 9.88 | 10.08 | 10.27 | 10.39 | 10.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.43 | 8.87 | 9.29 | 9.73 | 10.15 | 10.59 | 11.01 |
| Camarilla | 9.47 | 9.55 | 9.63 | 9.71 | 9.79 | 9.87 | 9.95 |
| Woodie | 8.42 | 8.87 | 9.28 | 9.73 | 10.14 | 10.59 | 11.00 |
| Fibonacci | 8.87 | 9.20 | 9.40 | 9.73 | 10.06 | 10.26 | 10.59 |
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): | 63.78 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 17.38 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 10.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.95 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 9.95 | |
| Zig ZAG (10): | 10.16 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 92.85 | |
| TEMA (21): | 10.11 | |
| Williams %R (14): | -13.89 | |
| Chande Momentum Oscillator (20): | 0.23 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.91 |
| MA7: | 10.01 | |
| MA20: | 9.88 | |
| MA50: | 9.93 | |
| MA100: | 9.80 | |
| MAexp7: | 10.10 | |
| MAexp20: | 10.03 | |
| MAexp50: | 9.99 | |
| MAexp100: | 9.94 | |
| Price / MA7: | +1.50% | |
| Price / MA20: | +2.83% | |
| Price / MA50: | +2.32% | |
| Price / MA100: | +3.67% | |
| Price / MAexp7: | +0.59% | |
| Price / MAexp20: | +1.30% | |
| Price / MAexp50: | +1.70% | |
| Price / MAexp100: | +2.21% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on ASE TECHNOLOGY HOLDING CO. at the time of the analysis were as follows:
- Advanced Semiconductor Engineering, Inc. Reports Unaudited Consolidated Financial Results For The First Quarter of 2018
- Advanced Semiconductor Engineering, Inc. Announces Monthly Net Revenues
- Advanced Semiconductor Engineering, Inc. Files 2017 Annual Report on Form 20-F
- Advanced Semiconductor Engineering, Inc. Announces Monthly Net Revenues
- Advanced Semiconductor Engineering, Inc. Announces Monthly Net Revenues
This member declared not having a position on this financial instrument or a related financial instrument.
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