ASML HOLDING - Daily - Technical analysis published on 10/21/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 227.50 EUR
My targets
237.50 EUR (+4.17%)
247.75 EUR (+8.66%)
My analysis
The bullish trend is currently very strong on ASML HOLDING. As long as the price remains above the support at 227.50 EUR, you could try to benefit from the boom. The first bullish objective is located at 237.50 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 247.75 EUR as an objective. Crossing it would then enable buyers to target 266.85 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
5.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ASML HOLDING price is 228.00 EUR. The price is lower by -0.44% since the last closing and was traded between 226.05 EUR and 229.75 EUR over the period. The price is currently at +0.86% from its lowest and -0.76% from its highest.226.05
229.75
228.00
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
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ASML HOLDING indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 9 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 188.45 | 209.45 | 227.50 | 228.00 |
| Change (%) | -17.35% | -8.14% | -0.22% | - |
| Change | -39.55 | -18.55 | -0.50 | - |
| Level | Major | Intermediate | Major | - |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 218.22 | 222.83 | 225.92 | 230.53 | 233.62 | 238.23 | 241.32 |
| Camarilla | 226.88 | 227.59 | 228.29 | 229.00 | 229.71 | 230.41 | 231.12 |
| Woodie | 217.45 | 222.45 | 225.15 | 230.15 | 232.85 | 237.85 | 240.55 |
| Fibonacci | 222.83 | 225.78 | 227.59 | 230.53 | 233.48 | 235.29 | 238.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 209.22 | 214.63 | 225.47 | 230.88 | 241.72 | 247.13 | 257.97 |
| Camarilla | 231.83 | 233.32 | 234.81 | 236.30 | 237.79 | 239.28 | 240.77 |
| Woodie | 211.93 | 215.99 | 228.18 | 232.24 | 244.43 | 248.49 | 260.68 |
| Fibonacci | 214.63 | 220.84 | 224.68 | 230.88 | 237.09 | 240.93 | 247.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 178.80 | 189.05 | 208.15 | 218.40 | 237.50 | 247.75 | 266.85 |
| Camarilla | 219.18 | 221.87 | 224.56 | 227.25 | 229.94 | 232.63 | 235.32 |
| Woodie | 183.23 | 191.26 | 212.58 | 220.61 | 241.93 | 249.96 | 271.28 |
| Fibonacci | 189.05 | 200.26 | 207.19 | 218.40 | 229.61 | 236.54 | 247.75 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.27 | |
| MACD (12,26,9): | 4.5500 | |
| Directional Movement: | 4.94 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 233.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 225.42 | |
| Elder Ray (13): | -1.70 | |
| Super Trend (3,10): | 225.28 | |
| Zig ZAG (10): | 228.00 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 47.42 | |
| TEMA (21): | 233.18 | |
| Williams %R (14): | -59.03 | |
| Chande Momentum Oscillator (20): | 9.05 | |
| Repulse (5,40,3): | -1.9800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3300 | |
| Courbe Coppock: | 6.54 |
| MA7: | 233.62 | |
| MA20: | 227.42 | |
| MA50: | 214.55 | |
| MA100: | 200.65 | |
| MAexp7: | 231.03 | |
| MAexp20: | 227.40 | |
| MAexp50: | 217.40 | |
| MAexp100: | 204.76 | |
| Price / MA7: | -2.41% | |
| Price / MA20: | +0.26% | |
| Price / MA50: | +6.27% | |
| Price / MA100: | +13.63% | |
| Price / MAexp7: | -1.31% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +4.88% | |
| Price / MAexp100: | +11.35% |
News
The latest news and videos published on ASML HOLDING at the time of the analysis were as follows:
- ASML reports EUR 3.0 billion sales at 43.7% gross margin in Q3
- 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
- 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.
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