Overall market sentiment has been high on ASE Technology Holding Co Ltd (ASX) stock lately. ASX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
ASE Technology Holding Co Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ASX!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With ASX Stock Today?
ASE Technology Holding Co Ltd (ASX) stock has risen 1.85% while the S&P 500 has fallen -0.04% as of 3:33 PM on Friday, Jan 14. ASX is higher by $0.14 from the previous closing price of $7.82 on volume of 5,404,643 shares. Over the past year the S&P 500 is higher by 22.25% while ASX is higher by 11.78%. ASX earned $0.72 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.1.
More About ASE Technology Holding Co Ltd
ASE Technology Holding Co Ltd is a semiconductor assembly and testing firm. The company operates in segments: Packaging, Testing, and Electronic Manufacturing Services. Of these, packaging services contribute the most revenue. It involves packaging bare semiconductors into completed semiconductors with improved electrical and thermal characteristics. The Testing Segment includes front-end engineering testing, wafer probing, and final testing services. In the EMS segment, the company designs manufacture and sells electronic components and telecommunication equipment motherboards. The company is based in Taiwan but garners over half its sales from firms in the United States.
Click Here to get the full Stock Report for ASE Technology Holding Co Ltd stock.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
