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ASML price deepens losses - Forecast today - 23-07-2025
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ASML price deepens losses - Forecast today - 23-07-2025
Jul 23, 2025 9:57 AM

ASML Holding N.V. (ASML) continued its decline in recent intraday trading, pressured by sustained negative momentum from trading below the 50-day SMA. The stock was also impacted by an earlier breakdown from a short-term ascending price channel, which had previously guided its movement. This latest drop saw the stock break below the key support level at $716.80. However, a potential bullish crossover is beginning to appear in the Relative Strength Index after reaching deeply oversold territory, which may slightly limit further losses.

Therefore we expect the stock to continue declining in upcoming sessions, as long as it remains below $716.80, targeting the next support level at $666.60.

Todays price forecast: Bearish.

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