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ASX
Stock ticker: NYSE
AS OF
Dec 20, 04:59 PM (EDT)
Price
$10.01
Change
+$0.10 (+1.01%)
Capitalization
21.08B

ASX ASE Technology Holding Co Ltd Forecast, Technical & Fundamental Analysis

a holding company providing semiconductor manufacturing services

ASX
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for ASX with price predictions
Dec 20, 2024

ASX in upward trend: price rose above 50-day moving average on December 20, 2024

ASX moved above its 50-day moving average on December 20, 2024 date and that indicates a change from a downward trend to an upward trend. In of 57 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The 10-day moving average for ASX crossed bullishly above the 50-day moving average on December 12, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. 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 ASX advanced for three days, in of 304 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 20, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ASX as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ASX turned negative on December 19, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ASX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ASX broke above its upper Bollinger Band on December 06, 2024. 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.

The Aroon Indicator for ASX entered a downward trend on December 05, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.279) is normal, around the industry mean (10.362). P/E Ratio (19.890) is within average values for comparable stocks, (57.128). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.148). Dividend Yield (0.032) settles around the average of (0.021) among similar stocks. P/S Ratio (1.197) is also within normal values, averaging (46.311).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 69, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ASX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

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ASX
Daily Signalchanged days ago
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A.I. Advisor
published Earnings

ASX is expected to report earnings to fall 6.13% to 12 cents per share on January 30

ASE Technology Holding Co Ltd ASX Stock Earnings Reports
Q4'24
Est.
$0.13
Q3'24
Beat
by $0.01
Q2'24
Beat
by $0.01
Q1'24
Beat
by $1.20
Q4'23
Beat
by $2.01
The last earnings report on October 31 showed earnings per share of 13 cents, beating the estimate of 12 cents. With 15.32M shares outstanding, the current market capitalization sits at 21.08B.
A.I.Advisor
published Dividends

ASX paid dividends on August 05, 2024

ASE Technology Holding Co Ltd ASX Stock Dividends
А dividend of $0.64 per share was paid with a record date of August 05, 2024, and an ex-dividend date of July 02, 2024. Read more...
A.I. Advisor
published General Information

General Information

a holding company providing semiconductor manufacturing services

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Semiconductors
Address
No. 26, Chin Third Road
Phone
+886 73617131
Employees
101981
Web
https://www.aseglobal.com
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ASX and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, ASX has been closely correlated with TSM. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if ASX jumps, then TSM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ASX
1D Price
Change %
ASX100%
+0.91%
TSM - ASX
72%
Closely correlated
+1.32%
UMC - ASX
70%
Closely correlated
+0.15%
MTSI - ASX
69%
Closely correlated
-1.25%
ENTG - ASX
67%
Closely correlated
+1.58%
AMKR - ASX
65%
Loosely correlated
+0.56%
More

Groups containing ASX

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ASX
1D Price
Change %
ASX100%
+0.91%
ASX
(6 stocks)
81%
Closely correlated
+0.73%