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”.
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Price Performance Review of ASX
On Tuesday, ASE Technology Holding Co.Ltd ADR [NYSE:ASX] saw its stock fall -0.10% to $9.86. Over the last five days, the stock has gained 2.82%. ASE Technology Holding Co.Ltd ADR shares have risen nearly 4.78% since the year began. Nevertheless, the stocks have risen 27.89% 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 $9.65, while 200 days put it at $10.23.
Levels Of Support And Resistance For ASX Stock
The 24-hour chart illustrates a support level at 9.74, which if violated will result in even more drops to 9.62. On the upside, there is a resistance level at 9.94. A further resistance level may holdings at 10.03. The Relative Strength Index (RSI) on the 14-day chart is 50.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.81%. Stochastics %K at 30.89% 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.
