Taking this into account, Morgan Stanley upgraded its ASE Technology Holding Co.Ltd ADR [ASX] rating to an Overweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late June from “an Overweight” to “an Equal-weight”. Goldman also remained covering ASX and has increased its forecast on July 28, 2023 with a “Buy” recommendation from previously “Neutral” rating. HSBC Securities revised its rating on June 28, 2023. It rated ASX as “a Hold” which previously was an “a Buy”.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance Review of ASX
On Tuesday, ASE Technology Holding Co.Ltd ADR [NYSE:ASX] saw its stock fall -1.74% to $9.59. Over the last five days, the stock has lost -5.24%. ASE Technology Holding Co.Ltd ADR shares have risen nearly 1.91% since the year began. Nevertheless, the stocks have risen 27.53% over the past one year. While a 52-week high of $12.86 was reached on 07/11/24, a 52-week low of $7.33 was recorded on 08/05/24. SMA at 50 days reached $9.72, while 200 days put it at $10.21.
Levels Of Support And Resistance For ASX Stock
The 24-hour chart illustrates a support level at 9.46, which if violated will result in even more drops to 9.33. On the upside, there is a resistance level at 9.78. A further resistance level may holdings at 9.97. The Relative Strength Index (RSI) on the 14-day chart is 45.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.27%. Stochastics %K at 42.09% indicates the stock is a holding.
How much short interest is there in ASE Technology Holding Co.Ltd ADR?
A steep rise in short interest was recorded in ASE Technology Holding Co.Ltd ADR stocks on 2024-09-13, growing by 1.14 million shares to a total of 12.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 11.18 million shares. There was a rise of 9.25%, which implies that there is a positive sentiment for the stock.
