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ASE Technology Holding Co.Ltd ADR (ASX) receives a Buy rating from UBS

In the meantime, UBS upgraded its ASE Technology Holding Co.Ltd ADR [ASX] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid September from “an Equal-weight” to “an Overweight”. Morgan Stanley also remained covering ASX and has decreased its forecast on June 25, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Goldman revised its rating on July 28, 2023. It rated ASX as “a Buy” which previously was an “a Neutral”.

Price Performance Review of ASX

On Friday, ASE Technology Holding Co.Ltd ADR [NYSE:ASX] saw its stock jump 0.87% to $9.26. Over the last five days, the stock has gained 1.76%. ASE Technology Holding Co.Ltd ADR shares have fallen nearly -8.04% since the year began. Nevertheless, the stocks have fallen -10.88% over the past one year. While a 52-week high of $12.86 was reached on 02/19/25, a 52-week low of $6.94 was recorded on 04/09/25. SMA at 50 days reached $9.02, while 200 days put it at $9.75.

Levels Of Support And Resistance For ASX Stock

The 24-hour chart illustrates a support level at 9.18, which if violated will result in even more drops to 9.11. On the upside, there is a resistance level at 9.34. A further resistance level may holdings at 9.43. The Relative Strength Index (RSI) on the 14-day chart is 60.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.09%. Stochastics %K at 90.53% indicates the stock is a selling.

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