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$430.81 (-1.22%)

Volume: 1.163M

Closed: Sep 26, 2022

Hollow Logo Score: -5.701

ASML Holding Stock Forecast

$430.81 (-1.22%)

Volume: 1.163M

Closed: Sep 26, 2022

Score Hollow Logo -5.701
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 30 - 75 ] RSI14 is 35 and the stock is currently not being overbought or oversold
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ASML Holding stock downgraded to Strong Sell Candidate
(Updated on Sep 26, 2022)


Sell candidate since 2022-09-16 Loss -7.80% PDF

The ASML Holding stock price fell by -1.22% on the last day (Monday, 26th Sep 2022) from $436.14 to $430.81. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 2.71% from a day low at $429.12 to a day high of $440.77. The price has fallen in 7 of the last 10 days and is down by -14.68% 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 -196 thousand shares and in total, 1 million shares were bought and sold for approximately $501.00 million.

The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $419.21 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ASML Holding stock with a 90% probability to be traded between $411.67 and $571.87 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $451.89 and $505.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, August 04, 2022, and so far it has fallen -26.79%. Further fall is indicated until a new bottom pivot has been found. 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

ASML Holding finds support from accumulated volume at $428.88 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 $11.65 between high and low, or 2.71%. For the last week, the stock has had daily average volatility of 2.93%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect ASML Holding N.V. to open at $433.57, and during the day (based on 14 day Average True Range), to move between $413.86 and $447.76, which gives a possible trading interval of +/-$16.95 (+/-3.93%) 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 7.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $432.40 (0.37%) than the support at $428.88 (0.45%), 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?

ASML Holding holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Sell to a Strong Sell candidate.

Current score: -5.701

Strong Sell Candidate Downgraded

Predicted Opening Price for ASML Holding N.V. of Tuesday, September 27, 2022

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price September 27, 2022 Current price
$433.57 $430.81 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 445.22 3.34 %
440.77 2.31 %
438.02 1.67 %
Current price: 430.81
Support 429.12 -0.39 %
426.37 -1.03 %
421.92 -2.06 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 514.42 19.41 %
469.92 9.08 %
432.40 0.37 %
Current price 430.81
Support 428.88 -0.45%
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About ASML Holding N.V.

ASML Holding ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. The company provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies. It also offers m... ASML Profile

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