ASM International NV Stock Forecast
Red day on Tuesday for ASM International NV stock after losing 1.73%
(Updated on Apr 30, 2024)
The ASM International NV stock price fell by -1.73% on the last day (Tuesday, 30th Apr 2024) from $640.78 to $629.71. During the last trading day the stock fluctuated 3.24% from a day low at $625.57 to a day high of $645.85. The price has fallen in 6 of the last 10 days and is down by -2.18% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -29 thousand shares and in total, 9 thousand shares were bought and sold for approximately $5.40 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.24% during the next 3 months and, with a 90% probability hold a price between $584.61 and $713.39 at the end of this 3-month period.
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ASMIY Signals & Forecast
The ASM International NV stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $621.42 and $617.22. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -4.97%. Further fall is indicated until a new bottom pivot has been found. 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 ASM International NV stock
ASM International NV finds support from accumulated volume at $619.82 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 $20.28 between high and low, or 3.24%. For the last week, the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASMIY) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect ASM International NV to open at $633.71, and during the day (based on 14 day Average True Range), to move between $604.67 and $654.75, which gives a possible trading interval of +/-$25.04 (+/-3.98%) up or down from last closing price. If ASM International NV takes out the full calculated possible swing range there will be an estimated 7.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $631.81 (0.33%) than the support at $619.82 (1.57%), 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 ASM International NV stock A Buy?
ASM International NV holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.216 Sell Candidate Unchanged
Predicted Opening Price for ASM International NV of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $633.71 ( 0.635%) | $629.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASMIY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 653.98 | 3.85 % | |
| R2 | 646.24 | 2.62 % | ||
| R1 | 641.45 | 1.86 % | ||
| Current price: | 629.71 | |||
| Support | S1 | 625.96 | -0.595 % | |
| S2 | 621.18 | -1.35 % | ||
| S3 | 613.43 | -2.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 662.63 | 5.23 % | |
| R2 | 640.78 | 1.76 % | ||
| R1 | 631.81 | 0.333 % | ||
| Current price | 629.71 | |||
| Support | S1 | 619.82 | -1.57% | |
| S2 | 618.00 | -1.86% | ||
| S3 | 583.00 | -7.42% |
ASMIY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 22, 2024 | $2.56 | 0.405% |
| 2 | May 13, 2023 | May 17, 2023 | May 25, 2023 | $2.72 | 0.656% |
| 3 | May 14, 2022 | May 18, 2022 | May 25, 2023 | $2.75 | 0.663% |
| 4 | Apr 24, 2020 | May 20, 2020 | May 28, 2020 | $2.17 | 1.86% |
| 5 | Nov 05, 2019 | Nov 05, 2019 | Nov 05, 2019 | $1.11 | 1.00% |
FAQ
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