ASML HOLDING NV-NY REG SHS (ASML) Stock Technical Analysis
NASDAQ:ASML - Nasdaq - USN070592100 - Currency: USD
Taking everything into account, ASML scores 6 out of 10 in our technical rating. In the last year, ASML was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, ASML does present a nice setup opportunity. 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 744.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 732.66, a Stop Loss order could be placed below this zone.
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725.16
When analyzing the support we notice one important area.
- A support zone ranging from 732.48 to 732.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 744.35 to 777.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for ASML is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASML is up. |
| ChartMill Relative Strength | 27.48 | NEGATIVE | ASML has a low relative strength, it was outperformed by 72.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASML is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASML is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ASML is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.9 | NEUTRAL | The RSI value for ASML is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.68 | NEGATIVE | The MACD value suggests ASML has a negative trend. |
| Stochastics (14,3) | 50.25 | NEUTRAL | The Stochastics value for ASML is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for ASML suggests some volalility. |
| Average Directional Index/ADX (14) | 19.9 | NEGATIVE | The low ADX value for ASML suggests a weak or negative 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 |
|---|---|---|---|
| 761.22 | 732.47 | 28.75 (3.78%) | 25.00% |
| An entry @761.22. This is a Buy Stop order right above the 10 day high. | An exit @732.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 28.75 points, which is 3.78%. | For a 0.94% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
736.77
-10.3 (-1.38%)