ASM INTERNATIONAL - Daily - Technical analysis published on 01/18/2023 (GMT)
- 159
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 299.40 EUR
My targets
331.50 EUR (+4.52%)
334.37 EUR (+5.43%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ASM INTERNATIONAL as long as the price remains well above 299.40 EUR. The buyers' bullish objective is set at 331.50 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 334.37 EUR. If there is any crossing, the next objective would be the resistance located at 392.83 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
9.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ASM INTERNATIONAL rating is 317.15 EUR. The price has increased by +10.76% since the last closing and was between 300.00 EUR and 317.55 EUR. This implies that the price is at +5.72% from its lowest and at -0.13% from its highest.300.00
317.55
317.15
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ASM INTERNATIONAL in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
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:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 283.63 | 299.40 | 315.45 | 317.15 | 392.83 | 430.90 |
| Change (%) | -10.57% | -5.60% | -0.54% | - | +23.86% | +35.87% |
| Change | -33.52 | -17.75 | -1.70 | - | +75.68 | +113.75 |
| Level | Major | Minor | Major | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 272.97 | 277.08 | 281.72 | 285.83 | 290.47 | 294.58 | 299.22 |
| Camarilla | 283.94 | 284.75 | 285.55 | 286.35 | 287.15 | 287.95 | 288.76 |
| Woodie | 273.23 | 277.21 | 281.98 | 285.96 | 290.73 | 294.71 | 299.48 |
| Fibonacci | 277.08 | 280.43 | 282.49 | 285.83 | 289.18 | 291.24 | 294.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 239.12 | 249.93 | 270.87 | 281.68 | 302.62 | 313.43 | 334.37 |
| Camarilla | 283.07 | 285.98 | 288.89 | 291.80 | 294.71 | 297.62 | 300.53 |
| Woodie | 244.18 | 252.46 | 275.93 | 284.21 | 307.68 | 315.96 | 339.43 |
| Fibonacci | 249.93 | 262.06 | 269.56 | 281.68 | 293.81 | 301.31 | 313.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 157.95 | 195.95 | 215.80 | 253.80 | 273.65 | 311.65 | 331.50 |
| Camarilla | 219.74 | 225.04 | 230.35 | 235.65 | 240.95 | 246.26 | 251.56 |
| Woodie | 148.88 | 191.41 | 206.73 | 249.26 | 264.58 | 307.11 | 322.43 |
| Fibonacci | 195.95 | 218.05 | 231.70 | 253.80 | 275.90 | 289.55 | 311.65 |
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): | 77.27 | |
| MACD (12,26,9): | 11.7200 | |
| Directional Movement: | 31.85 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 283.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 267.21 | |
| Elder Ray (13): | 30.63 | |
| Super Trend (3,10): | 274.00 | |
| Zig ZAG (10): | 317.50 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 93.61 | |
| TEMA (21): | 293.60 | |
| Williams %R (14): | -0.61 | |
| Chande Momentum Oscillator (20): | 79.40 | |
| Repulse (5,40,3): | 9.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2600 | |
| Courbe Coppock: | 40.28 |
| MA7: | 288.64 | |
| MA20: | 260.35 | |
| MA50: | 259.93 | |
| MA100: | 255.59 | |
| MAexp7: | 289.51 | |
| MAexp20: | 271.22 | |
| MAexp50: | 261.81 | |
| MAexp100: | 260.57 | |
| Price / MA7: | +9.88% | |
| Price / MA20: | +21.82% | |
| Price / MA50: | +22.01% | |
| Price / MA100: | +24.09% | |
| Price / MAexp7: | +9.55% | |
| Price / MAexp20: | +16.93% | |
| Price / MAexp50: | +21.14% | |
| Price / MAexp100: | +21.71% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The latest news and videos published on ASM INTERNATIONAL at the time of the analysis were as follows:
- ASM ANNOUNCES Q4 2022 REVENUE ABOVE GUIDANCE, DRIVEN BY SUPPLY CHAIN IMPROVEMENT
- ASM UPDATES Q4 GUIDANCE
- ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2022 RESULTS
- ASM COMPLETES ACQUISITION OF LPE
- ASM INTERNATIONAL N.V. REPORTS SECOND QUARTER 2022 RESULTS
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ASM INTERNATIONAL - Daily