ASML Holding N.V. Forecast and Stock Analysis
Technical ASML stock analysis for Wednesday June 26, 2019.
ASML Holding N.V. gained 2.69% in the last trading day ( Wednesday, 26th Jun 2019 ), rising from $199.04 to $204.39 During day the stock fluctuated 0.93% from a day low at $203.08 to a day high of $204.97. The price has risen in 7 of the last 10 days and is up by 3.85% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 294 392 more shares were traded than the day before. In total, 769 539 shares bought and sold for approximately $157.29 million.
- 30 day high of the ASML stock price was $204.97 and low was $186.31.
- 90 day high was $210.87 and low was $182.77.
- 52 week high for the ASML Holding N.V. - $221.66 and low - $144.50.
ASML Holding N.V. is at the upper part of a wide and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $206.52 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect ASML Holding N.V. with 90% probability to be traded between $182.80 and $202.97 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. ASML Holding N.V. holds buy signals from both short- and long-term moving averages. In addition, 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 $200.24 and $195.37. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday June 25, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
Support & Resistance
ASML Holding N.V. finds support from accumulated volume at $203.36.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.89 (0.93%) between high and low. For the last week, the stock has had a daily average volatility of 1.43%.
Our recommended stoploss: $194.17 (-5.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
1.43 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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|ASML $204.39 ($5.35 2.69%)|
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