ASML Technical Analysis - ASML HOLDING NV

Technical Rating and Analysis

Overall ASML gets a technical rating of 9 out of 10. 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.

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

ASML is part of the Semiconductors & Semiconductor Equipment industry. There are 65 other stocks in this industry. ASML outperforms 84% of them.

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 747.10 - 905.10 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, ASML did better than 91% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

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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 present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

596.38

888.91

5 important support areas can be observed.

A support zone ranging from 834.98 to 837.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 813.89 to 813.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 646.60 to 656.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @614.99 from a trend line in the weekly time frame.
Support @602.40 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @880.11 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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	91.71	POSITIVE	ASML.AS has a high relative strength, it outperformed 91.71% 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)	66.82	NEUTRAL	The RSI value for ASML.AS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-5.56	NEGATIVE	The MACD value suggests ASML.AS has a negative trend, although the MACD value is rising.
Stochastics (14,3)	51.21	NEUTRAL	The Stochastics value for ASML.AS is a neutral value.
Average True Range in percent/ATR (20)	3.32	MEDIUM VOLATILITY	The ATR as a percentage value for ASML.AS suggests some volalility.
Average Directional Index/ADX (14)	37.87	POSITIVE	The high ADX value value for ASML.AS suggests a strong trend.