LEVERAGE SHARES 2X ASML (ASMG) Stock Technical Analysis
NASDAQ:ASMG • US8829276687
Taking everything into account, ASMG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ASMG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ASMG is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, ASMG also shows a nice and consistent pattern of rising prices.
- ASMG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ASMG is lagging the market slightly.
- In the last month ASMG has a been trading in the 32.97 - 42.60 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Besides having an excellent technical rating, ASMG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 37.50, a Stop Loss order could be placed below this zone.
More info and screens
25.80
4 important support areas can be observed.
- A support zone ranging from 37.23 to 37.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.19 from a horizontal line in the daily time frame.
- Support @28.19 from a trend line in the weekly time frame.
- Support @26.06 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ASMG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASMG is up. |
| ChartMill Relative Strength | 97.36 | POSITIVE | ASMG has a high relative strength, it outperformed 97.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASMG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASMG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASMG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.45 | NEUTRAL | The RSI value for ASMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests ASMG has a negative trend. |
| Stochastics (14,3) | 54.48 | NEUTRAL | The Stochastics value for ASMG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.58 | HIGH VOLATILITY | The high ATR as a percentage value for ASMG suggests high volalility. |
| Average Directional Index/ADX (14) | 28.64 | POSITIVE | The high ADX value value for ASMG suggests a strong trend. |
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 |
|---|---|---|---|
| 41.09 | 37.22 | 3.87 (9.42%) | 10.62% |
| An entry @41.09. This is a Buy Stop order right above the 10 day high. | An exit @37.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.87 points, which is 9.42%. | When investing 10.62% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ASMG. 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.
37.51
-1.72 (-4.38%)
LEVERAGE SHARES 2X ASML / ASMG FAQ
What is the ChartMill technical rating of LEVERAGE SHARES 2X ASML (ASMG) stock?
ChartMill assigns a technical rating of 10 / 10 to ASMG.
What is the current trend direction of LEVERAGE SHARES 2X ASML (ASMG) stock?
The current trend direction for LEVERAGE SHARES 2X ASML (ASMG) is Bullish.
What is the RSI signal for LEVERAGE SHARES 2X ASML (ASMG) stock?
LEVERAGE SHARES 2X ASML (ASMG) has an RSI value of 55.445. This indicates that the stock is currently neutral.
What is the MACD signal for ASMG stock?
The MACD indicator for LEVERAGE SHARES 2X ASML (ASMG) has a value of -0.366569, indicating a bearish trend.
What is the support and resistance level for ASMG stock?
LEVERAGE SHARES 2X ASML (ASMG) has a support level at 37.5. Check the full technical report for our detailed analysis of ASMG support and resistance levels.