ASML Holding NV (ASML) stock is up 9.64% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With ASML Stock Today?
ASML Holding NV (ASML) stock is up 1.3% while the S&P 500 is lower by -0.49% as of 1:26 PM on Thursday, Jun 4. ASML is up $4.50 from the previous closing price of $346.30 on volume of 564,623 shares. Over the past year the S&P 500 is up 10.85% while ASML is up 84.19%. ASML earned $7.01 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 50.09.
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More About ASML Holding NV
Founded in 1984 and based in the Netherlands, ASML is a leading manufacturer of photolithography systems used in the manufacturing of semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photomask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a meaningful portion of the cost of making cutting-edge chips. Chipmakers will require next-generation EUV lithography tools that have been in development by ASML to continue past the 10-nanometer process node.
