ASM International NV Stock Forecast
ASM International NV stock upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The ASM International NV stock price gained 0.99% on the last trading day (Tuesday, 2nd Jul 2024), rising from $756.22 to $763.72. During the last trading day the stock fluctuated 1.41% from a day low at $753.12 to a day high of $763.72. The price has risen in 7 of the last 10 days and is up by 1.97% over the past 2 weeks. Volume fell on the last day by -41 shares and in total, 589 shares were bought and sold for approximately $449.83 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong 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 29.05% during the next 3 months and, with a 90% probability hold a price between $896.06 and $1,030.79 at the end of this 3-month period.
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ASMIY Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -1.52%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. 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 $751.37 and $728.66. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for ASM International NV stock
On the downside, the stock finds support just below today's level from accumulated volume at $662.63 and $657.34. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ASM International NV finds support just below today's level at $662.63. If this is broken, then the next support from accumulated volume will be at $657.34 and $640.78.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $10.60 between high and low, or 1.41%. For the last week the stock has had daily average volatility of 1.28%.
Our recommended stop-loss: $731.16 (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (ASMIY) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect ASM International NV to open at $760.19, and during the day (based on 14 day Average True Range), to move between $747.63 and $779.81, which gives a possible trading interval of +/-$16.09 (+/-2.11%) up or down from last closing price. If ASM International NV takes out the full calculated possible swing range there will be an estimated 4.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $775.54 (1.55%) than the support at $662.63 (13.24%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ASM International NV stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.428 Buy Candidate Upgraded
Predicted Opening Price for ASM International NV of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $760.19 ( 0.463%) | $763.72 |
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 | |
|---|---|---|
| R3 | 770.79 | 0.93% |
| R2 | 766.74 | 0.395% |
| R1 | 764.24 | 0.0675% |
| Price | 763.72 | |
| S1 | 756.14 | -0.99% |
| S2 | 753.64 | -1.32% |
| S3 | 749.59 | -1.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 775.54 | 1.55% |
| Price | 763.72 | |
| S1 | 662.63 | -13.24% |
| S2 | 657.34 | -13.93% |
| S3 | 640.78 | -16.10% |
ASMIY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 22, 2024 | $2.56 | 0.362% |
| 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 | May 19, 2021 | May 19, 2021 | May 27, 2021 | $2.43 | 0.790% |
| 5 | Apr 24, 2020 | May 20, 2020 | May 28, 2020 | $2.17 | 1.86% |
FAQ
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