ASML Holding N.V. supplies lithography solutions and services for semiconductor chip production. It is part of the Technology sector and trades under the ticker ‘ASML’ on Nasdaq.
Currently, ASML is experiencing a rally, trading at an all-time high, as it moves toward the $1457.74 mark before a possible correction. ASML concluded wave (I) at $895.93 in September 2021 and wave (II) at a low of $363.15 in October 2022.
From the October 2022 low, wave I of (III) concluded at $1110.09, followed by a descent to $578.51. Within this wave, several critical high and low points are charted, indicating the stock’s fluctuation patterns. Above the low of wave II, ASML is climbing within wave ((1)) of III.
The stock completed subsequent waves with specific highs and lows, showing an upward trend in wave (5). It is expected to finish wave 3 of (5) soon, with a correction in wave 4 anticipated before a final push in wave ((1)). This movement could extend the rally toward the $1334.14 to $1457.74 range. The recent breakout of the channel signals a positive outlook above the $1327.3 level, pointing toward further upward movement.
Based on the analysis from 2025, the bullish structure in ASML remains a key focus for us. The forecast correctly anticipated the powerful rally after the stock broke its price channel last year. That upward move pushed the stock towards our long-term targets, confirming the underlying strength.
We have recently seen the stock reach new all-time highs in late 2025 before entering a period of consolidation, which aligns with the predicted pullback. This presents an opportunity, as the analysis suggested buying into these dips. Looking back, the rally from the April 2025 low has largely unfolded as expected, setting the stage for the next potential leg up.
Fundamentally, this outlook is supported by strong industry-wide demand. The Semiconductor Industry Association (SIA) reported that global semiconductor sales increased by over 20% in 2025, and current forecasts for 2026 project continued growth, fueled by the insatiable demand for AI chips. This macro tailwind provides a solid foundation for ASML’s continued performance.
For traders anticipating a move toward the $1457.74 target, buying call options or establishing bull call spreads could be an effective strategy. This allows for participation in the expected upside while defining risk. The recent pullback offers more attractive entry points for these bullish positions.
Alternatively, traders who believe the recent dip is a temporary consolidation can consider selling cash-secured puts. By selling puts with a strike price below the current market level, traders can collect premium. This strategy aligns with the view that the April 2025 low will hold as a significant floor for the stock.
