ASML Holding N.V. makes lithography systems and provides related hardware, software, and services used in semiconductor manufacturing. It trades on Nasdaq under the ticker ASML and sits in the Technology sector.
The analysis is bullish on the weekly chart and targets a move into the $1536.7–$1604.8 zone. This outlook depends on price staying above the 2.04.2026 low.
On the weekly wave count, (I) ended at $895.93 in September 2021 and (II) ended at $363.15 in October 2022. From that low, I of (III) rose to $1110.09 and II dropped to $578.51, with sub-waves: ((1)) $771.98, ((2)) $564, ((3)) $1056.34, ((4)) $849.14, and ((5)) $1110.09.
Inside ((2)), the correction is labeled as ((A)) $767.41, ((B)) $945.05, and ((C)) $578.51. A later sequence lists (1) $826.56, (2) $684.24, (3) $1086.11, (4) $946.11, and a rising (5) with: 1 $1141.72, 2 $1010.01, 3 $1493.47, and 4 $1316.06. The $1453.81 level has already been cleared.
ASML’s uptrend still looks strong, with a near-term target of $1537 to $1605. The move is supported by solid industry demand. Recent reports show global semiconductor sales in Q4 2025 rose by more than 12% year over year. This advance continues the bullish run in place since the April 2025 lows.
Even so, momentum is starting to cool. A bearish divergence on the daily RSI suggests this leg higher may be close to running out of steam. That makes new long entries risky at current prices. Options traders may consider taking profits on existing calls or adding protective puts as price nears the target zone.
After ASML reaches the $1537–$1605 area, a corrective pullback is expected. Any near-term dip should hold above the recent lows from February 4 and February 17, 2026. If the pullback unfolds as a clean three-wave move, it could set up a fresh buying chance for call options or bull call spreads.
The powerful rally from the October 2022 low highlights ASML’s long-term upside, and the stock still appears to be in a major upward wave. This strength is backed by heavy spending from chipmakers, with TSMC and Intel together committing more than $100 billion to new EUV-capable fabs through 2028. As a result, the next correction is likely a pause before another larger push higher.
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