ASML Holding N.V. Stock Forecast

ASML Holding N.V. stock downgraded to Sell Candidate
(Updated on May 14, 2024)

ASML.AS Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 3.61%. Further rise is indicated until a new top pivot has been found. 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 N.V. 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 850.27€ and 869.90€. A break-up above any of these levels will issue buy signals. 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 ASML Holding N.V. stock

ASML Holding N.V. finds support from accumulated volume at 840.30€ 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 16.20€ between high and low, or 1.94%. For the last week, the stock has had daily average volatility of 1.99%.

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

Trading Expectations (ASML.AS) For The Upcoming Trading Day Of Wednesday 15th

For the upcoming trading day on Wednesday, 15th we expect ASML Holding N.V. to open at 843.77€, and during the day (based on 14 day Average True Range), to move between 818.93€ and 862.47€, which gives a possible trading interval of +/-21.77€ (+/-2.59%) 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 5.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 840.30€ (0.05%) than the resistance at 852.40€ (1.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ASML Holding N.V. stock A Buy?

ASML Holding N.V. holds several negative signals and is within a 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 Hold/Accumulate to a Sell candidate.

Current score: -3.499 Sell Candidate Downgraded

Predicted Opening Price for ASML Holding N.V. of Wednesday, May 15, 2024

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