ASML Holding may receive a significant new order
Dutch company ASML Holding N.V. (NASDAQ: ASML), which manufactures equipment for the serial production of semiconductors, recently announced that it expects new orders from its major customer, Taiwan Semiconductor Manufacturing Company Limited (TSMC).
A report from Jefferies Investment Bank cites comments from ASML CFO Roger Dassen. During a call with investors, he suggested that ASML equipment orders from TSMC could be received in the coming quarters.
By 2025, ASML expects annual sales to grow to 30-40 billion USD, and demand is expected to remain stable until 2026 due to the construction of new semiconductor factories in various countries.
To explore potential trading opportunities, let's analyse the stock chart of ASML Holding N.V. (NASDAQ: ASML) from a technical analysis perspective:
On the Daily (D1) timeframe, resistance has formed at 1042.50 USD, with support at 943.65 USD. Stocks have been trading in an upward trend since early May 2024. If this trend reverses, a potential downside target could be 850.00 USD.
If the current uptrend maintains its momentum, the short-term target, upon a break above the resistance level, could be set at 1110.00 USD. For a medium-term investment, the stock price could rise to 1170.00 USD.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
A report from Jefferies Investment Bank cites comments from ASML CFO Roger Dassen. During a call with investors, he suggested that ASML equipment orders from TSMC could be received in the coming quarters.
By 2025, ASML expects annual sales to grow to 30-40 billion USD, and demand is expected to remain stable until 2026 due to the construction of new semiconductor factories in various countries.
To explore potential trading opportunities, let's analyse the stock chart of ASML Holding N.V. (NASDAQ: ASML) from a technical analysis perspective:
On the Daily (D1) timeframe, resistance has formed at 1042.50 USD, with support at 943.65 USD. Stocks have been trading in an upward trend since early May 2024. If this trend reverses, a potential downside target could be 850.00 USD.
If the current uptrend maintains its momentum, the short-term target, upon a break above the resistance level, could be set at 1110.00 USD. For a medium-term investment, the stock price could rise to 1170.00 USD.
__
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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