ASEA Stock Summary and Trading Ideas (Global X Southeast Asia ETF | ARCA:ASEA)

The Global X FTSE Andean 40 ETF seeks to provide investment results that correspond generally to the price and yield performance before fees and expenses of the FTSE Andean 40 Index. The FTSE/ASEAN 40 Index tracks the performance of the 40 largest companies in the five ASEAN regions: Indonesia, Philippines, Singapore, Malaysia and Thailand. The index is freefloat adjusted and weighted by market capitalization and designed using eligible stocks within the FTSE All-World universe.

Global X Southeast Asia ETF trades on the ARCA stock market under the symbol ASEA.

As of April 25, 2024, ASEA stock price declined to $14.76 with 3,962 million shares trading.

ASEA has a market cap of $43.39 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, ASEA stock traded as high as $16.24 and as low as $13.05.

ASEA has underperformed the market in the last year with a return of +0.6%, while the SPY ETF gained +22.9%. In the last 3 month period, ASEA fell short of the market, returning +1.4%, while SPY returned +3.4%. However, in the most recent 2 weeks ASEA has outperformed the stock market by returning -0.5%, while SPY returned -2.7%.

ASEA support price is $14.75 and resistance is $14.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ASEA stock will trade within this expected range on the day.