Top stock picks for the next years No.2 ASML I am publishing a series of the best stocks with the highest growth rates that I expect over the next few years. Today with the ASML share with a target price of 1256$.
ASML01 trade ideas
ASML Holding Options Ahead of EarningsIf you haven`t sold the regional top on ASML:
nor entered the dip before the previous earnings:
Then analyzing the options chain and the chart patterns of ASML Holding prior to the earnings report this week,
I would consider purchasing the 770usd strike price Calls with
an expiration date of 2024-1-26,
for a premium of approximately $15.85.
And looking at the chart this would be probably the final leg of the Double Top.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ASML euronextASML Euronext is currently exploring new price levels and has the potential to easily reach 1000 euros, representing a 25% increase from its current value. In the event of a price retracement to 710, consider employing Dollar Cost Averaging (DCA) by strategically purchasing between 800 and 720 euros. It is crucial to uphold support at 635 to sustain the current uptrend. Enjoy the market journey until the monthly higher low is breached
ASML Surges on Record Orders and EarningsNASDAQ:ASML , the chipmaking equipment giant, witnessed a soaring 10% surge in its stock value following the announcement of its fourth-quarter earnings. The company reported record orders, outstripping analysts' expectations, and achieved a net profit of 2 billion euros ($2.2 billion) with sales reaching 7.2 billion euros ($7.8 billion). While this stellar performance delighted investors, a cloud of uncertainty looms as NASDAQ:ASML cautions about potential impacts on future sales to China due to new export restrictions.
Record-Breaking Performance:
NASDAQ:ASML 's stellar financial results for the fourth quarter showcased the company's robust performance in the face of a challenging economic landscape. Net profit increased by an impressive 9% from the previous year, reaching 2 billion euros, while sales hit 7.2 billion euros, surpassing analyst estimates. The star of the show was the record-breaking net bookings, soaring to an unprecedented 9.2 billion euros, primarily driven by robust demand for NASDAQ:ASML 's cutting-edge equipment.
Dividend Increase:
Despite the uncertainty in global markets, NASDAQ:ASML expressed confidence by announcing a dividend for the year of 6.10 euros ($6.65) per ordinary share, signifying a 5.2% increase over the previous year. Shareholders will also receive an interim dividend of 1.45 euros ($1.58) per share in February, underscoring the company's commitment to delivering value to its investors.
China Export Concerns:
While basking in the glory of its impressive financial performance, NASDAQ:ASML did not shy away from addressing potential challenges ahead. The company warned that future sales to China could face headwinds due to new export restrictions. NASDAQ:ASML anticipates a 10-15% decline in deliveries to China in 2024, signaling a potential impact on its revenue from this critical market. The specifics of the export restrictions remain unclear, but they highlight the growing complexities in the global trade landscape.
Investor Response:
In response to the mixed signals from NASDAQ:ASML 's earnings report, the stock price soared to $860.04, reflecting a 10.6% increase as of midday on the announcement day. The market's positive reaction indicates investor confidence in NASDAQ:ASML 's ability to navigate challenges and capitalize on the strong demand for its advanced semiconductor manufacturing equipment.
Conclusion:
NASDAQ:ASML 's remarkable performance in the fourth quarter, marked by record orders and earnings that exceeded expectations, showcases its resilience and dominance in the chipmaking equipment industry. However, the cautionary note about potential challenges in the Chinese market adds an element of uncertainty to the otherwise positive narrative. Investors will closely monitor how NASDAQ:ASML navigates these hurdles and sustains its growth trajectory in an ever-evolving global economic landscape.
ASML trading journeyNASDAQ:ASML FY24E outlook seems to be mediocre, management guided flat sales with a similar level of margins hence I don't expect strong earnings growth (if any)
Making some decent returns >25% overall in the past 4 months.
Will exit the stock for the time being and monitor it over the years. Will enter again at a cheaper price as I still do believe in the long-term growth potential.
ASML: Potential BuyExpecting the price to keep climbing with the trend lines backed with positive analyst expectations.
ASML in H1-2024The year almost comes to an end and this allows us to look back at 2023 as well as looking forward to the new year. Overall ASML stock saw high volatility during the year, but in terms of total returns there was only a minor movement in stock price. With this being said, I would like to take a look at the final weeks of the year and the coming first half of 2024.
ASML's stock is finding itself in a triangle pattern, with support at the 200-week MA as well as the €540 mark. ASML's RSI is around 63 at the time of writing meaning the bulls are still in control. However, if ASML fails to break out of the pattern, some downside is expected towards the trend line and after the support at €540.
So, what do you think? In H1-2024, will ASML's stock hit a new ATH, or will we visit the trend line or even the support at €540, where it might be time to load up on ASML stock. Let me know in the comments below!
BreakoutASML is a global leader in manufacturing semi-conductors but the share price has been lagging behind its competitors who are trading close to all-time highs. A breakout is inevitable but if it fails, it will track the 50-month moving average.
Why the 50-month MA?? The last time the stock ever closed below this level was in Sep and Oct 2022 and during the 2008 financial crisis. There is no reason for the stock to drop to October 2022 lows unless there is a fundamental cause.
The stock has a high probability to go higher but if it breaks down, an entry at the 50-month moving average will be the next top-up.
ASML from a long term perspectiveASML is a strong company who is planning to build more facilities in the US, I believe they are building one here in my home state of CT. 2,000 - 4,000 jobs could be added. The weekly chart looks great.
Some might see ASML as being richly valued, however it resides in the semi-conductor industry which has been seeing more growth in comparison to other industries.
ASML Fundamentals
P/E - 33
PEG 0.77
EPS 20.61 for the last 12 months
395 million shares (19% held by institutions)
Always pay attention to the float and shares outstanding. Many new investors don't know that companies can just issue more shares when they need money. Called 'raising capital through secondary offerings,' it should be called "Diluting Investors" because that's what it does. Each time this happens your stock is valued lower and lower.
ASML approaching significant supportASML Holding (ASML) approaching a significant zone of support, able to absorb monthly selling pressures.
Currently, there are two dynamics at play for (ASML).
If (ASML) drops into the zone of support, the stock can rotate higher and elicit gains of 20% over the following 3 - 5 months.
Also, there is nearby resistance that if settled above, would also elicit gains of approximately 20% over the following 2 - 3 months.
Inversely, if (ASML) settles on a weekly basis below shown support, this would put (ASML) into a sell signal where losses of 15 - 20% would be expected over the following 3 - 5 months.
ASML Holding Options Ahead of EarningsIf you haven`t sold the top here:
Then analyzing the options chain and the chart patterns of ASML Holding prior to the earnings report this week,
I would consider purchasing the 140usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $16.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ASML Going Down a SlopeWeekly Chart of ASML
ASML is now in a major Corrective Wave. Waves A and B have been completed. Wave B was a complex WXYXZ wave where Z was a contracting triangle pattern.
Wave C projection is between 100 to 123.6 percent of Wave A. Therefore, ASML may descend to 250 by next year or even lower.
ASML play the bounceHello traders! Today we are going to have a look to ASML chart.
ASML was in an uptrend for a long time but in November 2021 it has started the downtrend.
We expect the price go down to the support line and bounce from there towards the downsloping resistance.
When the price reach the support it is time to enter long position.
Do you agree?
ASML Has Fallen Out of an Upward ChannelASML was trading in an upward channel since November 2022.
Price has broken down the lower trendline of the channel.
A W pattern was in formation in August-September 2023 but ASML wasn't able to break the neckline.
ASML is now at .382 retracement level. If it loses support now, next destination is .5 level - 570.
$ASML with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:ASML after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
ASML: Bearish Cypher Trend Break Down ConfirmationASML has broken below a trend line and confirmed it with a secondary weaker test and during this test we formed a Bearish Abandoned Baby, some MACD Bearish Divergence, and printed a Bearish PPO Volatility Circle. With all this confirmation at the potential Cypher PCZ, I'd say we have a pretty good chance of this Cypher playing out instead of the deeper .886/1.13 Shark.
ASML Holding Options Ahead of EarningsAnalyzing the options chain of ASML Holding prior to the earnings report this week,
I would consider purchasing the 760usd strike price Puts with
an expiration date of 2023-7-21,
for a premium of approximately $20.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ASML - Rising Trend Channel [MID -TERM]🔹Forming inverse head and shoulders pattern.
🔹Breaking resistance at 793 indicates further rise.
🔹POSITIVE signal from Rectangle formation breakout resistance at 668; Next resistance at 762.
🔹Technically POSITIVE for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Bearish Cypher on Weekly Chartlooking for retrace back to B leg of the bearish cypher, possible handle being created for the cup/handle breakout set up on the monthly chart.
ASML - Volatile Rising wedgeon the daily timeframe, the price is approaching the support line of the rising wedge, which, if broken, could indicate a potential drop. Also, note that there's a gap just below the 0.5 of the Fibonacci, which is begging to be filled. A drop to the order block ($550) could result in a bounce. A previously occurring golden cross followed by support found twice on the MA 200 are noteworthy moments: will the price bounce off for a third time? A sustained drop could lead to bullish divergence in the RSI and additional bearish momentum in the MACD if it drops below the midline.
Conclusion:
Based on the weekly and daily charts, signals such as the mostly bearish rising wedge pattern, potential export restrictions to China, potential bearish divergence in the RSI, and the MACD that may cross bearish, suggest that ASML could be facing a potential drop. However, the previous golden cross and the two-time support found on the MA200 also provide hope for potential upward movement.
Keep calm, do your own research! Trade safely and manage your risk.
(Disclaimer: This is not financial advice)
ASML in a volatile rising wedgeLooking at the weekly chart of ASML since January 2021, the price reached an all-time high in November 2021, followed by a downtrend. A bottom formed around €400, with a low point of €372. Regarding the pattern, a W-formation seems more appropriate than a Head and Shoulders pattern, given the left shoulder dips rather deep. The upward trend within a somewhat volatile rising wedge will eventually be put to the test, especially with the looming news about potential export restrictions to China. Should the price rise in a short period of time, and particularly in a straight line upward, possible bearish divergence is something to watch out for. This is especially the case if the RSI surpasses 72.42 and the price stays below €746.8. However, the MACD also suggests an impending bearish cross.
Conclusion:
Based on the weekly and daily charts, signals such as the mostly bearish rising wedge pattern, potential export restrictions to China, potential bearish divergence in the RSI, and the MACD that may cross bearish, suggest that ASML could be facing a potential drop. However, the previous golden cross and the two-time support found on the MA200 also provide hope for potential upward movement.
Keep calm, do your own research! Trade safely and manage your risk.
(Disclaimer: This is not financial advice)
ASML Entry, Volume, Target, StopEntry: with price above 747.14
Volume: with volume greater than 1.41M
Target: 789 area
Stop: Depending on your risk tolerance; 733.20 gets you 3/1 Reward to Risk Ratio.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
$NASDAQ:ASML swing tradeNASDAQ:ASML swing trade bullish sentiment
Breakout from the Inverse Head and Shoulders
