ASM International Shares Surge Nearly 10% and Break Through Key Resistance

Market Relief and Sector Dynamics

Today's significant rise is part of a general relief movement in the stock markets. The announcement of a ceasefire between the United States and Iran, which hints at the reopening of the Strait of Hormuz, helps to ease tensions on global supply chains. The CAC 40 is up by 4.58% during the session, while the SBF 120 has gained 4.52%. The semiconductor sector particularly benefits from this renewed appetite, as evidenced by the performances of other major European tech stocks: ASML Holding is up 8.94% and Prosus has increased by 7.90%. ASM International, a Dutch specialist in deposition equipment for the chip industry, directly benefits from this sectoral dynamic. The release of its first-quarter 2026 results is expected on April 21, an event that could serve as a short-term catalyst. The general meeting is scheduled for May 11.

Technical Perspective of Today's Session

From a technical standpoint, today's session marks a turning point. The price of 739.40 euros significantly exceeds the 20-day moving average (696.87 euros) and the 50-day moving average (691.88 euros), confirming a short-term bullish reversal after several weeks of consolidation. The 200-day moving average, at 524.41 euros, illustrates a decidedly upward trend over the year, with an annual performance of 106.2%. However, the stock is trading at 95% of the upper Bollinger band limit, set at 744.15 euros, a zone that generally signals a potential overbought risk. This level almost exactly coincides with the resistance identified at 737.60 euros, which the price has surpassed during the session. The next step will depend on the stock's ability to sustainably maintain above this technical threshold. The RSI, still positioned at 39, indicates a recent catch-up but does not yet reflect overheating on this momentum indicator.