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ASML Technical Analysis: Recent Price Levels and Future Outlook

The United States is hearing about a downgrade from Fitch, but investors are reacting rather lukewarmly. In fact, the AEX reinvestment index is not far from its all-time high. In addition, the dollar appreciated on the big news. In this edition of the IEX BeleggersPodcast, Arend Jan explains in great detail how that is possible.

The earnings season is still in full swing. On Thursday evening, Apple and Amazon gave a look at the books. The latter in particular surprised positively. Since last year, the market has been paying more and more attention to margin development, which has been very strong at the American e-commerce giant in the second quarter. This explains why the stock is going up so fast today.

In addition, the following topics are covered:

What does Fitch’s credit cut in the US mean for you as an investor Beursplein 5 cannot escape Gay Pride either Why Ahold may adjust its outlook for this year upwards Is it a good entry point for the builders Bonds and the Box 3 tax Wolters Kluwer and the emergence of Artificial Intelligence All signals are green for ING for a higher shareholder return Uber no longer burns cash The wonderful figures of Fugro Volumes AB InBev are falling less quickly than those of Heineken The accelerated round: does DSM have a cat in a poke with Firmenich purchased? Arend Jan bought a share this week. Which share is it? Look at the Chart: ASML. Is the share technically sound?

Look at the Chart: ASML

TA analyst Tom Nederhoff about ASML’s technical picture:

ASML managed to leave the downward trend at the beginning of this year and has since been able to form higher tops and bottoms. This indicates an upward trend and indicates that demand for the fund has increased. This improved situation earned ASML a place in Tostram’s model portfolio.

In recent weeks, however, ASML has fallen back towards €625. This is an interesting price level, as it has acted as a support or resistance level several times in the past. Now that the stock is once again testing this zone from above, it may once again serve as a tipping point towards higher price levels.

In addition, around the current price level, the ascending bottom line (blue broken line) and the 200-day moving average converge. From a technical perspective, this is the zone we want to see a response to.

We are therefore closely monitoring the recent price floor at €603. A weekly close below this bottom would worsen the technical picture.”

2023-08-04 12:28:17
#Real #chance #ASMLs #share #price #recover #level #IEX.nl

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