ASM International NV Stock Forecast
Is ASM International NV stock still a buy after falling -6.90% on Thursday?
(Updated on Apr 18, 2024)
The ASM International NV stock price fell by -6.90% on the last day (Thursday, 18th Apr 2024) from $617.62 to $575.00. During the last trading day the stock fluctuated 2.90% from a day low at $575.00 to a day high of $591.68. The price has risen in 6 of the last 10 days but is still down by -5.64% 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 -788 shares and in total, 3 thousand shares were bought and sold for approximately $1.65 million.
Given the current short-term trend, the stock is expected to rise 9.92% during the next 3 months and, with a 90% probability hold a price between $632.01 and $754.78 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ASMIY 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 ASM International NV stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $621.07 and $620.02. 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 -12.58%. 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 for ASM International NV stock
ASM International NV finds support from accumulated volume at $572.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $16.68 between high and low, or 2.90%. For the last week the stock has had daily average volatility of 3.16%.
Our recommended stop-loss: $539.24 (-6.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (ASMIY) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect ASM International NV to open at $580.56, and during the day (based on 14 day Average True Range), to move between $554.41 and $595.59, which gives a possible trading interval of +/-$20.59 (+/-3.58%) up or down from last closing price. If ASM International NV takes out the full calculated possible swing range there will be an estimated 7.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $572.32 (0.47%) than the resistance at $583.00 (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..
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?
ASM International NV holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: -0.763 Hold/Accumulate Upgraded
Predicted Opening Price for ASM International NV of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $580.56 ( 0.97%) | $575.00 |
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 | 597.24 | 3.87 % | |
| R2 | 590.87 | 2.76 % | ||
| R1 | 586.93 | 2.08 % | ||
| Current price: | 575.00 | |||
| Support | S1 | 574.19 | -0.141 % | |
| S2 | 570.25 | -0.83 % | ||
| S3 | 563.88 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 631.81 | 9.88 % | |
| R2 | 618.00 | 7.48 % | ||
| R1 | 583.00 | 1.39 % | ||
| Current price | 575.00 | |||
| Support | S1 | 572.32 | -0.466% | |
| S2 | 558.95 | -2.79% | ||
| S3 | 554.38 | -3.59% |
ASMIY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 22, 2024 | $2.56 | 0.445% |
| 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
Click here for our free guide on how to buy ASM International NV Stock.
