ASM INTERNATIONAL - 1H - Technical analysis published on 10/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 382.52 EUR
My targets
370.23 EUR (-2.25%)
362.45 EUR (-4.30%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ASM INTERNATIONAL. As long as you are under the resistance located at 382.52 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 370.23 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 362.45 EUR as an objective. Crossing it would then enable sellers to target 358.25 EUR. If the resistance 382.52 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ASM INTERNATIONAL rating 378.75 EUR. On the day, this instrument gained +2.71% with the lowest point at 370.40 EUR and the highest point at 382.85 EUR. The deviation from the price is +2.25% for the low point and -1.07% for the high point.370.40
382.85
378.75
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ASM INTERNATIONAL:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ASM INTERNATIONAL chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Dragon-fly doji
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 362.45 | 370.23 | 377.40 | 378.75 | 382.52 | 390.59 | 399.86 |
| Change (%) | -4.30% | -2.25% | -0.36% | - | +1.00% | +3.13% | +5.57% |
| Change | -16.30 | -8.52 | -1.35 | - | +3.77 | +11.84 | +21.11 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Intermediate |
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 | 342.58 | 353.42 | 361.08 | 371.92 | 379.58 | 390.42 | 398.08 |
| Camarilla | 363.66 | 365.36 | 367.05 | 368.75 | 370.45 | 372.14 | 373.84 |
| Woodie | 341.00 | 352.63 | 359.50 | 371.13 | 378.00 | 389.63 | 396.50 |
| Fibonacci | 353.42 | 360.48 | 364.85 | 371.92 | 378.98 | 383.35 | 390.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 363.20 | 374.15 | 379.80 | 390.75 | 396.40 | 407.35 | 413.00 |
| Camarilla | 380.89 | 382.41 | 383.93 | 385.45 | 386.97 | 388.49 | 390.02 |
| Woodie | 360.55 | 372.83 | 377.15 | 389.43 | 393.75 | 406.03 | 410.35 |
| Fibonacci | 374.15 | 380.49 | 384.41 | 390.75 | 397.09 | 401.01 | 407.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 249.28 | 303.77 | 350.63 | 405.12 | 451.98 | 506.47 | 553.33 |
| Camarilla | 369.63 | 378.92 | 388.21 | 397.50 | 406.79 | 416.08 | 425.37 |
| Woodie | 245.48 | 301.86 | 346.83 | 403.21 | 448.18 | 504.56 | 549.53 |
| Fibonacci | 303.77 | 342.48 | 366.40 | 405.12 | 443.83 | 467.75 | 506.47 |
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): | 48.01 | |
| MACD (12,26,9): | -2.1500 | |
| Directional Movement: | -4.70 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 374.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 366.04 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 383.36 | |
| Zig ZAG (10): | 377.65 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 69.29 | |
| TEMA (21): | 375.35 | |
| Williams %R (14): | -26.88 | |
| Chande Momentum Oscillator (20): | -3.15 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 2.41 |
| MA7: | 385.51 | |
| MA20: | 389.04 | |
| MA50: | 410.87 | |
| MA100: | 406.21 | |
| MAexp7: | 377.14 | |
| MAexp20: | 377.97 | |
| MAexp50: | 382.84 | |
| MAexp100: | 387.10 | |
| Price / MA7: | -1.75% | |
| Price / MA20: | -2.64% | |
| Price / MA50: | -7.82% | |
| Price / MA100: | -6.76% | |
| Price / MAexp7: | +0.43% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | -1.07% | |
| Price / MAexp100: | -2.16% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
Don't forget to follow the news on ASM INTERNATIONAL. At the time of publication of this analysis, the latest news was as follows:
- ASM hosts Investor Day, increases 2025 revenue targets and provides guidance for 2027
- ASM announces completion of share buyback program
- ASM share buyback update September 11 – 15, 2023
- ASM share buyback update September 4 – 8, 2023
- ASM share buyback update August 28 – September 1, 2023
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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