ASML Holding Stock Forecast
Red day on Wednesday for ASML Holding
(Updated on Apr 24, 2024)
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $862.07 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.12% during the next 3 months and, with a 90% probability hold a price between $906.19 and $1,130.28 at the end of this 3-month period.
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ASML Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.81%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ASML Holding stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $899.86 and $960.54. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for ASML Holding stock
ASML Holding finds support from accumulated volume at $869.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $33.00 between high and low, or 3.74%. For the last week, the stock has had daily average volatility of 3.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASML) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect ASML Holding N.V. to open at $896.43, and during the day (based on 14 day Average True Range), to move between $860.43 and $924.21, which gives a possible trading interval of +/-$31.89 (+/-3.57%) up or down from last closing price. If ASML Holding N.V. takes out the full calculated possible swing range there will be an estimated 7.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $907.61 (1.71%) than the support at $869.08 (2.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ASML Holding N.V. stock A Buy?
The ASML Holding stock holds several negative signals and despite the positive trend, we believe ASML Holding will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.581 Sell Candidate Unchanged
Predicted Opening Price for ASML Holding N.V. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $896.43 ( 0.460%) | $892.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASML
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 929.42 | 4.16 % | |
| R2 | 916.82 | 2.75 % | ||
| R1 | 909.03 | 1.87 % | ||
| Current price: | 892.32 | |||
| Support | S1 | 883.82 | -0.95 % | |
| S2 | 876.03 | -1.83 % | ||
| S3 | 863.43 | -3.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 990.94 | 11.05 % | |
| R2 | 940.21 | 5.37 % | ||
| R1 | 907.61 | 1.71 % | ||
| Current price | 892.32 | |||
| Support | S1 | 869.08 | -2.60% | |
| S2 | 867.75 | -2.75% | ||
| S3 | 859.54 | -3.67% |
ASML Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 26, 2024 | Apr 26, 2024 | May 07, 2024 | $1.61 | 0.181% |
| 2 | Jan 24, 2024 | Feb 05, 2024 | Feb 14, 2024 | $1.34 | 0.145% |
| 3 | Nov 01, 2023 | Nov 01, 2023 | Nov 01, 2023 | $0 | 0% |
| 4 | Jul 19, 2023 | Aug 01, 2023 | Aug 10, 2023 | $1.63 | 0.240% |
| 5 | Jan 25, 2023 | May 01, 2023 | Aug 10, 2023 | $1.84 | 0.271% |
FAQ
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