Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.
Nasdaq / Information Technology / Semiconductors & Semiconductor Equipment
We assign a technical rating of 9 out of 10 to ASML. Both in the recent history as in the last year, ASML has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ASML also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 985.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 974.71, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
594.95
When analyzing the support we can see 4 important areas.
- A support zone ranging from 928.64 to 974.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @843.80 from a trend line in the daily time frame.
- Support @678.69 from a trend line in the weekly time frame.
- Support @600.96 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 985.28 to 994.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 994.35 | 951.09 | 43.26 (4.35%) | 22.99% |
| An entry @994.35. This is a Buy Stop order right above the resistance zone. | An exit @951.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 43.26 points, which is 4.35%. | For a 1.00% total portfolio risk, you can invest 22.99% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ASML. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.