ASML stock: buy or sell

ASML stock price: $655.49 6.25% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

ASML stock brief

  • ASML skyrocketed a 6.25% after reaching new all-time highs on Wednesday
  • On Wednesday, ASML posted its Q1 financial report
  • Price is drawing a scaled uptrend since early March with higher tops and higher bottoms. This uptrend marked a 30.81% gain. On Wednesday ASML broke out above $653.00 giving a buy point
  • On Wednesday broke out above its latest top at $653.00
  • Credit Suisse Group and Wells Fargo & Company posted buy ratings for ASML last Friday, with an average target of $750.00
  • ASML Holding N.

Should I buy ASML stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ASML stock a buy?

Following Stock2 trading strategies, there are 2 buy setups eligible for ASML:

Uptrend buy setup

ASML stock is in an uptrend since in early March that so far has marked an amazing 31.00% gain. Price marked a pull back in this uptrend at $612.78 on Tuesday, and since then it bounced up a 6.97%. Price just broke out above the entry point at $653.00, but it's still eligible. If price goes above $685.65, you should not chase the price and wait for another opportunity. If you decide to enter this trade, the suggested stop loss is at $594.40

Buy setupBuy pointStop lossRisk
Uptrend buy setup$653.00$594.408.97%

ATH buy setup

One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at all-time highs is that shares price doesn't have upper resistances, and usually it rises quickly. However, there's the risk of a bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is so important. Price is now at 0.05% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $655.84. The stop loss would be placed at $594.40

Buy setupBuy pointStop lossRisk
ATH buy setup$655.84$594.409.37%

Should I sell ASML stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. In the same way as when we have to buy shares, choosing when is the best time to sell is not a random decision, and we must follow our own trading style. When selling, as well as buying, our strategies are very easy to use but are only valid for selling stocks in your porfolio, not for shorting ASML stock

A guiding principle is that you must never hold a trade that produces greater losses than those expected at the time of the buy. The timing to sell your stock always has to be determined by the stop-loss (automatic or manual)

Is it time to sell ASML stock?

In the current situation of ASML there is not any eligible sell setup, so ASML stock holders with operations in profit can keep their positions

ASML ratings

In the last 30 days, 6 ratings were published for ASML. General sentiment is bullish, with 4 out of 6 posting optimistic forecasts

ASML analysts' ratings - Last 30 days
Brokerage firmRating
Mar 29th, 2021
Cowen
Apr 7th, 2021
DZ Bank Strong buy
Apr 14th, 2021
Barclays Buy
Deutsche Bank Aktiengesellschaft Neutral
Apr 16th, 2021
Credit Suisse Group Buy
Wells Fargo & Company Buy

ASML stock analysis

ASML shares started an uptrend in early March, and gained an amazing 30.81%. The chart shows higher tops and bottoms, and along the way gave very few buying opportunities for those who wanted to trade in. Latest low was on Tuesday, when price bounced at $612.78. ASML broke out above $653.00 (its last top) on Wednesday. That breakout was a good buying opportunity

$ASML at Highs

ASML reached new all-time highs (ATH) on Wednesday at $655.84, and cleared the field for new highs as there are no further resistances. Previous highs were on April 5

SMAs overview

ASML stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistance levels.

The current support levels are:

  • S1: $653.00 (-0.38% below)
  • S2: $612.78 (-6.52% below)
  • S3: $608.71 (-7.14% below)
  • Bollinger bands

    The price is trading very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell signal, as price can trade in these levels for many days and weeks

    ASML stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 62.55

    ASML stock RSI chart

    ASML stock price history

    ASML went public priced at an adjusted price1 of $1.20 on Mar 1995. Since then, ASML stock surged by 54,524.17%, with an average of 2,097.08% per year. If you had invested thousand dollars in ASML stock at that time, it would be valued $546,241.67 today.

    1: Adjusted price after possible price splits or reverse-splits

    ASML stock price history chart

    Price target for ASML stock

    Nobody knows how much a stock will be priced tomorrow. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.

    The following table shows the price forecasts released by brokerage institutions in the last 30 days. If you are a small investor you must not invest based on these predictions.

    There is just one price target issued for ASML that forecasts a price of $750.00.

    ASML stock price predictions
    Brokerage firmPrice target
    Mar 29th, 2021
    Cowen Not available
    Apr 7th, 2021
    DZ Bank Not available
    Apr 14th, 2021
    Barclays Not available
    Deutsche Bank Aktiengesellschaft Not available
    Apr 16th, 2021
    Credit Suisse Group Not available
    Wells Fargo & Company $610.00$750.00

    Earnings and financials

    Shareholders event was hosted by ASML ($ASML) on Wednesday after releasing the financial report. ASML posted earnings of $3.86 per share on revenue of $5.3 billion. The Wall St estimate was $3.02 per share on revenue of $4.6 billion.

    Same quarter last year, reported EPS was $1.03, so current EPS is a gain of 274.76%. Looking at turnover, figures moved up a 5.40% compared to $40.4B same quarter a year ago.

    ASML ($ASML) is releasing earnings report next July.

    ASML performance

    ASML performance compared
    Company1m3m6m
    ASML ($ASML) 15.10% 15.40% 70.10%

    Important:
    The comments given in this post are personal and not recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the specific situations of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for informational motives only

    ASML summary

    Wednesday, April 21st, 2021
    Open$637.72
    Close$655.49
    Day range$635.93 - $655.84
    Previous close$616.94
    Session gain6.25%
    Average true range$20.60
    50d mov avg$585.00
    100d mov avg$542.20
    200d mov avg$460.66
    Earnings dateJuly 14th, 2021

    Frequently asked questions

    What is ASML stock symbol?

    ASML Holding N.V. is a public company trading in the US stock market with the ASML symbol

    Is ASML stock a buy or sell?

    ASML received 6 ratings in the last 30 days: 4 bullish, 0 bearish and 1 neutral.

    Will ASML go up?

    ASML had different price forecasts issued by market analysts in the last month setting the target price to $750.00. That is a 14.42% than the last price ($655.49).