ASM INTERNATIONAL - Daily - Technical analysis published on 02/06/2020 (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
44%
17%
39%
My opinion
Bullish above 110.60 EUR
My targets
123.95 EUR (+5.09%)
My analysis
ASM INTERNATIONAL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 110.60 EUR. The next resistance located at 123.95 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7
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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
ASM INTERNATIONAL rating 117.95 EUR. The price has increased by -1.26% since the last closing and was traded between 117.00 EUR and 121.15 EUR over the period. The price is currently at +0.81% from its lowest and -2.64% from its highest.117.00
121.15
117.95
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ASM INTERNATIONAL chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
Support of channel is broken
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 62.55 | 84.71 | 104.40 | 117.95 | 123.95 |
| Change (%) | -46.97% | -28.18% | -11.49% | - | +5.09% |
| Change | -55.40 | -33.24 | -13.55 | - | +6.00 |
| Level | Major | Minor | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.32 | 113.88 | 116.67 | 119.23 | 122.02 | 124.58 | 127.37 |
| Camarilla | 117.98 | 118.47 | 118.96 | 119.45 | 119.94 | 120.43 | 120.92 |
| Woodie | 111.43 | 113.94 | 116.78 | 119.29 | 122.13 | 124.64 | 127.48 |
| Fibonacci | 113.88 | 115.93 | 117.19 | 119.23 | 121.28 | 122.54 | 124.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.90 | 101.25 | 105.65 | 114.00 | 118.40 | 126.75 | 131.15 |
| Camarilla | 106.54 | 107.71 | 108.88 | 110.05 | 111.22 | 112.39 | 113.56 |
| Woodie | 90.93 | 100.26 | 103.68 | 113.01 | 116.43 | 125.76 | 129.18 |
| Fibonacci | 101.25 | 106.12 | 109.13 | 114.00 | 118.87 | 121.88 | 126.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.47 | 83.36 | 96.71 | 110.60 | 123.95 | 137.84 | 151.19 |
| Camarilla | 102.56 | 105.06 | 107.55 | 110.05 | 112.55 | 115.04 | 117.54 |
| Woodie | 69.19 | 83.23 | 96.43 | 110.47 | 123.67 | 137.71 | 150.91 |
| Fibonacci | 83.36 | 93.77 | 100.20 | 110.60 | 121.01 | 127.44 | 137.84 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.03 | |
| MACD (12,26,9): | 2.5900 | |
| Directional Movement: | 14.43 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 118.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 107.83 | |
| Elder Ray (13): | 3.10 | |
| Super Trend (3,10): | 121.00 | |
| Zig ZAG (10): | 118.10 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 60.77 | |
| TEMA (21): | 118.10 | |
| Williams %R (14): | -38.64 | |
| Chande Momentum Oscillator (20): | -5.00 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4500 | |
| Courbe Coppock: | 2.45 |
| MA7: | 115.04 | |
| MA20: | 116.28 | |
| MA50: | 107.80 | |
| MA100: | 99.11 | |
| MAexp7: | 116.44 | |
| MAexp20: | 114.74 | |
| MAexp50: | 108.74 | |
| MAexp100: | 99.70 | |
| Price / MA7: | +2.53% | |
| Price / MA20: | +1.44% | |
| Price / MA50: | +9.42% | |
| Price / MA100: | +19.01% | |
| Price / MAexp7: | +1.30% | |
| Price / MAexp20: | +2.80% | |
| Price / MAexp50: | +8.47% | |
| Price / MAexp100: | +18.30% |
News
The last news published on ASM INTERNATIONAL at the time of the generation of this analysis was as follows:
- ASMI Share Buyback Update January 27 - 31, 2020
- Researchers Present Positive Interim Data on Appili Therapeutics’ ATI-1701 Biodefense Program at 2020 ASM Biothreats
- ASMI Share Buyback Update January 20 - 24, 2020
- ContraFect to Present at 2020 ASM Biothreats
- ASMI Share Buyback Update January 13 - 17, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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