ASM International NV Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
ASM International NV stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The ASM International NV stock price fell by -3.72% on the last day (Friday, 19th Apr 2024) from $575.00 to $553.61. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.03% from a day low at $551.33 to a day high of $568.05. The price has been going up and down for this period, and there has been a -11.7% loss for the last 2 weeks. Volume has increased on the last day by 462 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately $1.85 million.
Given the current short-term trend, the stock is expected to rise 8.20% during the next 3 months and, with a 90% probability hold a price between $598.99 and $738.72 at the end of this 3-month period.
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ASMIY Signals & Forecast
There are few to no technical positive signals at the moment. The ASM International NV 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 $610.63 and $618.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -15.83%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for ASM International NV stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $16.72 (3.03%) between high and low. For the last week, the stock has had daily average volatility of 3.39%.
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 Monday 22nd
For the upcoming trading day on Monday, 22nd we expect ASM International NV to open at $557.66, and during the day (based on 14 day Average True Range), to move between $532.81 and $574.41, which gives a possible trading interval of +/-$20.80 (+/-3.76%) up or down from last closing price. If ASM International NV takes out the full calculated possible swing range there will be an estimated 7.52% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $583.00, some $29.39 (5.31%) from the current price of $553.61, our system finds the risk reward not very attractive.
Earnings coming up
ASM International NV will release earnings -- on Tuesday, April 23, 2024. We will update the financials statements for ASM International NV, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.07% in the first trading day after earnings release.
Is ASM International NV stock A Buy?
The ASM International NV stock holds several negative signals and despite the positive trend, we believe ASM International NV will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.422 Sell Candidate Downgraded
Predicted Opening Price for ASM International NV of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$557.66 ( 0.732%) | $553.61 |
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 | 574.39 | 3.75 % | |
R2 | 568.00 | 2.60 % | ||
R1 | 564.05 | 1.89 % | ||
Current price: | 553.61 | |||
Support | S1 | 551.27 | -0.422 % | |
S2 | 547.33 | -1.14 % | ||
S3 | 540.94 | -2.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 631.81 | 14.13 % | |
R2 | 618.00 | 11.63 % | ||
R1 | 583.00 | 5.31 % | ||
Current price | 553.61 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
ASMIY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 15, 2024 | May 15, 2024 | May 22, 2024 | $2.56 | 0.464% |
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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