ASML HOLDING - Daily - Technical analysis published on 08/25/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 634.8 EUR
My targets
553.2 EUR (-7.31%)
498.1 EUR (-16.54%)
My analysis
The bearish trend is currently very strong for ASML HOLDING. As long as the price remains below the resistance at 634.8 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 553.2 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 498.1 EUR as an objective. Crossing it would then enable sellers to target 393.4 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ASML HOLDING rating 596.8 EUR. The price registered a decrease of -1.13% on the session with the lowest point at 590.8 EUR and the highest point at 603.1 EUR. The deviation from the price is +1.02% for the low point and -1.04% for the high point.590.8
603.1
596.8
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ASML HOLDING:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ASML HOLDING chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish doji star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 498.1 | 553.2 | 588.5 | 596.8 | 634.8 | 651.6 | 667.7 |
| Change (%) | -16.54% | -7.31% | -1.39% | - | +6.37% | +9.18% | +11.88% |
| Change | -98.7 | -43.6 | -8.3 | - | +38.0 | +54.8 | +70.9 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 547.4 | 574.7 | 589.1 | 616.4 | 630.8 | 658.1 | 672.5 |
| Camarilla | 592.1 | 596.0 | 599.8 | 603.6 | 607.4 | 611.3 | 615.1 |
| Woodie | 541.1 | 571.5 | 582.8 | 613.2 | 624.5 | 654.9 | 666.2 |
| Fibonacci | 574.7 | 590.6 | 600.4 | 616.4 | 632.3 | 642.1 | 658.1 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 566.8 | 579.0 | 588.6 | 600.8 | 610.4 | 622.6 | 632.2 |
| Camarilla | 592.2 | 594.2 | 596.2 | 598.2 | 600.2 | 602.2 | 604.2 |
| Woodie | 565.5 | 578.4 | 587.3 | 600.2 | 609.1 | 622.0 | 630.9 |
| Fibonacci | 579.0 | 587.3 | 592.5 | 600.8 | 609.1 | 614.3 | 622.6 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 522.3 | 562.0 | 606.4 | 646.1 | 690.5 | 730.2 | 774.6 |
| Camarilla | 627.7 | 635.4 | 643.1 | 650.8 | 658.5 | 666.2 | 673.9 |
| Woodie | 524.7 | 563.2 | 608.8 | 647.3 | 692.9 | 731.4 | 777.0 |
| Fibonacci | 562.0 | 594.1 | 614.0 | 646.1 | 678.2 | 698.1 | 730.2 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.90 | |
| MACD (12,26,9): | -9.1000 | |
| Directional Movement: | 1.4 | |
| AROON (14): | -7.1 | |
| DEMA (21): | 601.8 | |
| Parabolic SAR (0,02-0,02-0,2): | 643.6 | |
| Elder Ray (13): | -12.5 | |
| Super Trend (3,10): | 640.6 | |
| Zig ZAG (10): | 596.6 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 40.60 | |
| TEMA (21): | 599.1 | |
| Williams %R (14): | -89.20 | |
| Chande Momentum Oscillator (20): | -17.6 | |
| Repulse (5,40,3): | -4.7000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 6.90 |
| MA7: | 605.1 | |
| MA20: | 614.6 | |
| MA50: | 635.0 | |
| MA100: | 627.1 | |
| MAexp7: | 606.3 | |
| MAexp20: | 614.2 | |
| MAexp50: | 625.7 | |
| MAexp100: | 621.2 | |
| Price / MA7: | -1.37% | |
| Price / MA20: | -2.90% | |
| Price / MA50: | -6.02% | |
| Price / MA100: | -4.83% | |
| Price / MAexp7: | -1.57% | |
| Price / MAexp20: | -2.83% | |
| Price / MAexp50: | -4.62% | |
| Price / MAexp100: | -3.93% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The last news published on ASML HOLDING at the time of the generation of this analysis was as follows:
- ASML reports transactions under its current share buyback program
- ASML reports €6.9 billion net sales and €1.9 billion net income in Q2 2023
- ASML reports transactions under its current share buyback program
- ASML reports transactions under its current share buyback program
- ASML reports transactions under its current share buyback program
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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