ASA's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for ASA turned positive on March 13, 2025. Looking at past instances where ASA's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on March 11, 2025. You may want to consider a long position or call options on ASA as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ASA advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 246 cases where ASA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for ASA moved out of overbought territory on February 14, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ASA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ASA broke above its upper Bollinger Band on March 13, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
General Information
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ASA and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, ASA has been closely correlated with RING. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if ASA jumps, then RING could also see price increases.
| Ticker / NAME | Correlation To ASA | 1D Price Change % | ||
|---|---|---|---|---|
| ASA | 100% | +2.82% | ||
| RING - ASA | 84% Closely correlated | +3.25% | ||
| SILJ - ASA | 83% Closely correlated | +3.23% | ||
| PICK - ASA | 54% Loosely correlated | +0.30% | ||
| REMX - ASA | 39% Loosely correlated | +0.95% | ||
| SIL - ASA | -1% Poorly correlated | +1.21% | ||
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