Technical traders may be looking at recent indicator levels on shares of Associated Banc-Corp (ASB). After a recent check, the 50-day Moving Average is 20.68, the 200-day Moving Average is 21.67, and the 7-day is noted at 19.6. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time.
Associated Banc-Corp (ASB) is popping up on investor’s radar as the Trendspotter Opinion rating has reached “Sell” with first resistance at 19.47 and second resistance at 19.64. On the other end, investors are watching the first support level of 18.96, and the second support level of 18.62. The trendspotter strength signal is currently Strong. This signal is compared to the historical performance where maximum would be considered the strongest, and minimum would be touted as the weakest. In terms of direction, the trendspotter signal is currently Weakening. This signal may indicate if the Buy or Sell is weakening or gaining strength, or if the Hold is leaning towards a Buy or Sell.
Traders may be relying in part on technical stock analysis. Associated Banc-Corp (ASB) currently has a 14-day Commodity Channel Index (CCI) of -104.46. Despite the name, CCI can be used on other investment tools such as stocks. The CCI was designed to typically stay within the reading of -100 to +100. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.
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At the time of writing, the 14-day ADX for Associated Banc-Corp (ASB) is 25.84. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.
The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder. Wilder introduced RSI in his book “New Concepts in Technical Trading Systems” which was published in 1978. RSI measures the magnitude and velocity of directional price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time period. RSI can be used to help spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum. The 14-day RSI is currently sitting at 38.53, the 7-day is at 38.27, and the 3-day is spotted at 48.25 for Associated Banc-Corp (ASB).
Bollinger Bands are somewhat like moving average envelopes, but drawing calculations for both is different. In Bollinger Bands, standard deviation levels are considered to draw the upper and lower lines, whereas for Moving Average Envelopes, the lines are plotted by taking a fixed percentage. The 20-Day Bollinger Band currently is signaling a “Hold” for Associated Banc-Corp (ASB). This indicator can be used to identify short-term overbought and oversold zones, to confirm divergences between prices and indicators and to predict future price targets.