Chips · Stock report · ASE Group (NYSE: ASX)
ASE Group — a new 52-week high puts it 17th of 85 chip stocks over one month, with flow slowing
The Closelooknet read
ASE Group (NYSE: ASX) is at a 52-week high, yet the money behind it is slowing. Our money-flow reading (a gauge of net buying pressure) stands at 123.9: still positive but slowing, down 15.8 over 21 days. Over one month the stock gained 27.97%, which ranks it 17th of the 85 stocks in our chip section. Its composite score is 52 of 100, with momentum at 92 far ahead of quality at 33. What we watch: whether it keeps closing above its prior high of $45.31 and the flow reading stops falling, or slips back under that level while flow keeps fading.
Where ASE Group stands among 85 chip stocks
ASE Group ranks 17th of 85 on one-month move in our chip section. Its peers in the pack gained less over the month: TSMC 13.79%, GlobalFoundries 14.1%, Amkor Technology 18.76% and Tower Semiconductor 16.46%.
They sit differently against their highs. TSMC is 1% below its 30 June high, Tower Semiconductor 23.98% below its 22 June high, Amkor 40.12% below and GlobalFoundries 44.23% below. ASE Group is at its own high, set on 29 September at $45.31 and passed on 2 October.
Our money-flow and quality readings
Our money-flow reading is 123.9 and labelled warm, but it is still positive but slowing: down 2.4 over five days and 15.8 over 21 days. Price is rising faster than the flow reading.
On our scores ASE Group rates 52 of 100 overall. Momentum is 92, cash quality 57, balance 45 and growth 44, while capital allocation is 37, valuation 36 and quality 33. The Piotroski score is a check of financial health, scored 7 of 9.
Price trend
ASE Group closed at $47.45 on 2 October, up 6.08% on the day after opening 2.54% higher. It is up 194.72% this year and 326.33% over one year.
The stock trades 21.73% above its 50-day average of $38.98 and 54.71% above its 200-day average of $30.67, the average close of the last 200 sessions. Its typical daily swing is about 3.88%. Our trend signal reads Trending: above its 20-, 50- and 200-day averages.
Closelooknet is a research diary. Nothing here is investment advice or a recommendation to buy or sell.