ASML Holding N.V. (ASML) surged higher in recent intraday trading, supported by the emergence of a bullish divergence on momentum indicators after they reached extremely oversold levels, to a degree that appeared exaggerated relative to the stock's price action. Positive signals have also started to develop on those indicators, enhancing the prospects for an extension of the current advance. This bullish outlook is further supported by the dominance of the primary upward trend, with the stock continuing to move alongside a short-term ascending trendline. In addition, the stock remains above its 50-day Simple Moving Average (SMA), which continues to provide positive dynamic support.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $1,730 holds firm. Under this scenario, the stock is expected to target the key psychological and resistance level at $2,000.

Today's price forecast: Bullish.