Infineon Technologies AG Stock Forecast
Infineon Technologies AG stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 25, 2024)
The Infineon Technologies AG stock price gained 3.81% on the last trading day (Thursday, 25th Apr 2024), rising from $33.62 to $34.90. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.02% from a day low at $34.59 to a day high of $35.29. The price has been going up and down for this period, and there has been a -1.86% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 63 thousand more shares were traded than the day before. In total, 192 thousand shares were bought and sold for approximately $6.71 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.65% during the next 3 months and, with a 90% probability hold a price between $28.73 and $33.60 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IFNNY Signals & Forecast
The Infineon Technologies AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $32.95 and $34.68. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.16%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Infineon Technologies AG stock
Infineon Technologies AG finds support from accumulated volume at $34.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.700 between high and low, or 2.02%. For the last week, the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: $33.52 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (IFNNY) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Infineon Technologies AG to open at $34.93, and during the day (based on 14 day Average True Range), to move between $33.84 and $35.96, which gives a possible trading interval of +/-$1.06 (+/-3.03%) up or down from last closing price. If Infineon Technologies AG takes out the full calculated possible swing range there will be an estimated 6.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $34.44 (1.32%) than the resistance at $35.61 (2.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Infineon Technologies AG will release earnings -- on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.410. We will update the financials statements for Infineon Technologies AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.54% in the first trading day after earnings release.
Is Infineon Technologies AG stock A Buy?
Infineon Technologies AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.966 Hold/Accumulate Upgraded
Predicted Opening Price for Infineon Technologies AG of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $34.93 ( 0.0764%) | $34.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IFNNY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.63 | 2.08 % | |
| R2 | 35.36 | 1.32 % | ||
| R1 | 35.19 | 0.84 % | ||
| Current price: | 34.90 | |||
| Support | S1 | 34.66 | -0.690 % | |
| S2 | 34.49 | -1.16 % | ||
| S3 | 34.23 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.52 | 7.51 % | |
| R2 | 36.55 | 4.71 % | ||
| R1 | 35.61 | 2.03 % | ||
| Current price | 34.90 | |||
| Support | S1 | 34.44 | -1.32% | |
| S2 | 34.12 | -2.23% | ||
| S3 | 32.09 | -8.05% |
IFNNY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 20, 2023 | Feb 26, 2024 | Mar 06, 2024 | $0.260 | 0.704% |
| 2 | May 16, 2023 | Feb 17, 2023 | Feb 28, 2023 | $0.332 | 0.94% |
| 3 | Feb 16, 2022 | Feb 18, 2022 | Mar 01, 2022 | $0.310 | 0.96% |
| 4 | Feb 26, 2021 | Feb 26, 2021 | Feb 26, 2021 | $0.266 | 0.609% |
| 5 | Jan 17, 2020 | Feb 21, 2020 | Mar 03, 2020 | $0.301 | 1.43% |
FAQ
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