ASML Holding NV

ASML is in a Stage 3 distribution regime, exhibiting lower highs and lower lows with short-term EMAs acting as resistance. The medium-term bias is bearish, supported by downtrend in the 9/20 EMA and volume skewed to down-days. Short-term timing favors selling into rallies toward the declining EMA resistance zone, while the 50-day SMA marks interim support.

• ↑Q1 net sales $8.8B beat expectations; full-year guided to €36–40B.
• ↑Installed base revenue at $2.5B in Q1, driven by Intel, TSMC.
• ↓China sales fell from 36% in Q4 to 19% in Q1.