Meanwhile, Goldman upgraded its ASE Technology Holding Co.Ltd ADR [ASX] rating to a Buy from a a Neutral in a research note published on July 28, 2023; the price target was increased to $9.20 from $6.60. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in late June from “a Buy” to “a Hold”. China Renaissance also remained covering ASX and has decreased its forecast on February 10, 2023 with a “Hold” recommendation from previously “Buy” rating. Goldman revised its rating on October 07, 2021. It rated ASX as “a Neutral” which previously was an “a Buy”.
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Price Performance Review of ASX
On Tuesday, ASE Technology Holding Co.Ltd ADR [NYSE:ASX] saw its stock fall -0.18% to $11.11. Over the last five days, the stock has gained 3.54%. ASE Technology Holding Co.Ltd ADR shares have risen nearly 18.07% since the year began. Nevertheless, the stocks have risen 28.00% over the past one year. While a 52-week high of $11.68 was reached on 03/07/24, a 52-week low of $7.20 was recorded on 01/05/24. SMA at 50 days reached $10.68, while 200 days put it at $9.31. A total of 3.36 million shares were traded, compared to the trading of 4.4 million shares in the previous session.
Levels Of Support And Resistance For ASX Stock
The 24-hour chart illustrates a support level at 11.01, which if violated will result in even more drops to 10.92. On the upside, there is a resistance level at 11.18. A further resistance level may holdings at 11.25. The Relative Strength Index (RSI) on the 14-day chart is 56.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.11%. Stochastics %K at 50.86% indicates the stock is a holding.
