Amphenol Corporation Stock Forecast

Stronger technical forecast for Amphenol Corporation stock price after Friday trading.
(Updated on Apr 19, 2024)

APH Signals & Forecast

There are few to no technical positive signals at the moment. The Amphenol Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $112.39 and $112.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -6.14%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Amphenol Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $102.78 and $100.81. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Amphenol Corporation finds support just below today's level at $102.78. If this is broken, then the next support from accumulated volume will be at $100.81 and $100.66.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.44 between high and low, or 2.23%. For the last week the stock has had daily average volatility of 1.94%.

Our recommended stop-loss: $105.25 (-4.47%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (APH) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Amphenol Corporation to open at $110.50, and during the day (based on 14 day Average True Range), to move between $107.88 and $112.46, which gives a possible trading interval of +/-$2.29 (+/-2.08%) up or down from last closing price. If Amphenol Corporation takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $114.98 (4.37%) than the support at $102.78 (6.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Amphenol Corporation stock A Buy?

Amphenol Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.130 Hold/Accumulate Upgraded

Predicted Opening Price for Amphenol Corporation of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.