ASX technical analysis
ASX Technical Analysis
Analysis date
August 6, 2026
Market
NYSE (USD)
Daily cutoff
August 5, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
ASX Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- ASX
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- August 5, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 36.78 | August 5, 2026 | - | Verified |
| Verification series | 36.78 | August 5, 2026 | 0.00% | Verified |
Bottom line
ASX Technical Analysis Summary
ASX (ASE Technology Holding) is in a long-term uptrend that has paused near term. On the daily chart, price at $36.78 has pulled back below SMA20 ($38.14, -3.57%) and SMA50 ($38.68, -4.91%) after a sharp advance in late July, while remaining well above SMA200 ($25.32, +45.25%). RSI14 at 47.90 is neutral, and the MACD histogram at -0.13 is slightly negative, reflecting a loss of short-term momentum. On the weekly chart, the structural uptrend remains intact: price at $35.17 trades above SMA20 ($33.30), SMA50 ($22.74), and SMA200 ($11.91), with RSI14 at 58.10 still constructive. The stock has rallied roughly 272% over the past year and sits at the 76.31st percentile of its 52-week range, so the medium- and long-term trends stay bullish even though the short-term picture has softened after the pullback.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 5, 2026)
- Trend
- Mixed near term within a broader uptrend. Price at $36.78 is below SMA20 ($38.14, -3.57%) and SMA50 ($38.68, -4.91%) after the late-July advance stalled, but remains well above SMA200 ($25.32, +45.25%). The SMA20 and SMA50 have flattened and lost their short-term bullish stack, while the long-term structure above SMA200 stays intact.
- Momentum
- Neutral to soft. RSI14 at 47.90 sits below the 50 midline, showing reduced buying pressure after the pullback. The MACD line at -0.84 is below the signal line at -0.71, and the histogram at -0.13 is negative, indicating mild bearish momentum in the near term.
- Volatility
- Elevated. ATR14 at $2.63 (7.16% of price) reflects above-average daily swings. Bollinger Bands (32.25 to 44.04) are wide, and price is trading in the lower portion after the pullback, consistent with a high-volatility semiconductor name.
- Volume
- Slightly below average. Latest volume of 8,273,300 is 86.8% of the 20-day average (9,533,775), suggesting modest participation during the pullback. Declining volume on the pullback is not strongly bearish, but it also shows buyers are not stepping in with conviction yet.
Assessment
The daily chart shows a short-term pullback within a broader uptrend. Price is below SMA20 and SMA50 after a sharp advance that peaked in early August, and the neutral RSI with a slightly negative MACD histogram points to near-term weakness. The 20-period low at $31.12 and SMA200 at $25.32 are the key supports to watch. A reclaim of SMA20 ($38.14) and then SMA50 ($38.68) would signal renewed strength, while a break below the 20-period low would raise the risk of a deeper correction.
Weekly (July 27, 2026 week)
- Trend
- Strongly bullish. Price at $35.17 is above SMA20 ($33.30, +5.61%), SMA50 ($22.74, +54.67%), and SMA200 ($11.91, +195.33%). All three moving averages remain in bullish alignment, confirming a powerful multi-year uptrend.
- Momentum
- Bullish but decelerating. RSI14 at 58.10 is constructive and below the overbought threshold of 70. The MACD line at 4.81 is below the signal line at 5.23 with a negative histogram of -0.42, indicating the pace of the advance is slowing even though the price trend remains higher.
- Volatility
- High. ATR14 at $4.23 (12.02% of weekly price) reflects the stock's high-volatility profile. Bollinger Bands (20.22 to 46.39) are very wide, and price is trading in the middle portion after pulling back from the upper range.
- Volume
- Above average. Latest weekly volume of 56,485,800 is 123.7% of the 20-week average (45,656,345), reflecting active participation during a volatile week.
Assessment
The weekly chart confirms a strong long-term uptrend. Price trades above all major moving averages, and RSI at 58.10 remains constructive, though the negative MACD histogram signals a maturing advance. The stock has risen roughly 459% over the past year and trades at the 71.82nd percentile of its 52-week range. The trend is intact, but elevated volatility and decelerating momentum argue for measured risk management.
Key indicators
ASX Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 47.90 | 58.10 |
| MACD (12, 26, 9) | -0.84 / -0.71 / -0.13 | 4.81 / 5.23 / -0.42 |
| ATR (14) | 2.63 (7.16%) | 4.23 (12.02%) |
| Bollinger Bands (20, 2) | 32.25 - 44.04 | 20.22 - 46.39 |
| SMA (20) | 38.14 | 33.30 |
| SMA (50) | 38.68 | 22.74 |
| SMA (200) | 25.32 | 11.91 |
Price structure
ASX Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 36.78 | 35.17 |
| 1-Period Return | -4.96% | -4.53% |
| 5-Period Return | +18.19% | -11.65% |
| 20-Period Return | -7.89% | +65.23% |
| 60-Period Return | +8.53% | +279.39% |
| 252-Period Return | +272.24% | +459.19% |
| 52-Week Low | 9.43 | 9.43 |
| 52-Week High | 45.27 | 45.27 |
| 52-Week Position | 76.31% | 71.82% |
Key levels
ASX Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 44.56 | 45.27 |
| 20-Period Low | 31.12 | 20.40 |
| 60-Period High | 45.27 | 45.27 |
| 60-Period Low | 29.59 | 9.21 |
Scenarios
ASX Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price reclaims SMA20 ($38.14) and SMA50 ($38.68) on above-average volume and breaks back toward the 20-period high ($44.56), extending the established uptrend.
Invalidation
Price falls below the 20-period low ($31.12).
What to watch
Daily RSI reclaiming the 50 midline and moving above 55; the MACD histogram turning positive; volume expanding on rally attempts; weekly RSI holding above 55.
Range-Bound
Trigger
Price oscillates between SMA50 ($38.68) and the 20-period low ($31.12) as the stock consolidates after its sharp advance, with momentum indicators flattening.
Invalidation
A decisive break above $38.68 or below $31.12 with increasing volume.
What to watch
RSI fluctuating between 40 and 55; the MACD histogram hovering around zero; Bollinger Bands narrowing; volume remaining muted during the consolidation.
Bearish
Trigger
Price breaks below the 20-period low ($31.12) and then the 60-period low ($29.59), signaling a deeper correction after a rally of more than 270% over the past year.
Invalidation
Price reclaims and holds above SMA50 ($38.68) and SMA20 ($38.14).
What to watch
Daily RSI falling below 40; the MACD histogram turning more negative; volume expanding on down days; weekly RSI breaking below 50.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 5, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 5, 2026, weekly July 27, 2026 week. Generated August 6, 2026.
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