ASML Technical Analysis - ASML HOLDING NV

Technical Rating and Analysis

Overall ASML gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ASML is only an average performer.

The long and short term trends are both positive. This is looking good!

ASML is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month ASML has a been trading in the 611.80 - 797.70 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

When comparing the yearly performance of all stocks, we notice that ASML is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this relatively good performance is mostly due to a recent big move.

ASML is part of the Semiconductors & Semiconductor Equipment industry. There are 56 other stocks in this industry, ASML did better than 63% of them.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ASML HOLDING NV / ASML Weekly stock chart

ASML HOLDING NV / ASML Daily stock chart

Setup Rating and Analysis

Although ASML has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

596.38

801.64

We found 3 important support areas.

A support zone ranging from 646.60 to 649.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @633.83 from a trend line in the daily time frame.
A support zone ranging from 602.40 to 609.24. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 ASML.AS is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ASML.AS is up.
ChartMill Relative Strength	78.37	POSITIVE	ASML.AS has a high relative strength, it outperformed 78.37% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ASML.AS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ASML.AS is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ASML.AS is above the rising SMA(200).
Relative Strength Index/RSI (14)	83.2	OVERBOUGHT	The high RSI value suggests ASML.AS may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	13.75	POSITIVE	The MACD value suggests ASML.AS has a positive trend.
Stochastics (14,3)	94.21	OVERBOUGHT	The high Stochastics value suggests ASML.AS may be overbought.
Average True Range in percent/ATR (20)	2.37	MEDIUM VOLATILITY	The ATR as a percentage value for ASML.AS suggests some volalility.
Average Directional Index/ADX (14)	29.49	POSITIVE	The high ADX value value for ASML.AS suggests a strong trend.