Infineon Technologies AG Stock Forecast
Green day on Friday for Infineon Technologies AG
(Updated on Apr 26, 2024)
The Infineon Technologies AG stock price gained 1.44% on the last trading day (Friday, 26th Apr 2024), rising from 32.56€ to 33.03€. It has now gained 3 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 2.23% from a day low at 32.47€ to a day high of 33.20€. The price has fallen in 5 of the last 10 days but is still up by 3.03% over the past 2 weeks. Volume fell on the last day by -5 million shares and in total, 5 million shares were bought and sold for approximately 157.03€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 33.62€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.23% during the next 3 months and, with a 90% probability hold a price between 27.49€ and 31.19€ 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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IFX.DE 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 31.09€ and 32.14€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 10.82%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 32.56€ 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 0.725€ between high and low, or 2.23%. For the last week, the stock has had daily average volatility of 3.62%.
Our recommended stop-loss: 31.90€ (-3.42%) (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 (IFX.DE) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Infineon Technologies AG to open at 32.90€, and during the day (based on 14 day Average True Range), to move between 31.89€ and 34.17€, which gives a possible trading interval of +/-1.14€ (+/-3.45%) up or down from last closing price. If Infineon Technologies AG takes out the full calculated possible swing range there will be an estimated 6.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 33.15€ (0.36%) than the support at 32.56€ (1.42%), 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 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.
Current score: 0.137 Hold/Accumulate Unchanged
Predicted Opening Price for Infineon Technologies AG of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| 32.90€ ( 0.399%) | 33.03€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IFX.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.62 | 1.80 % | |
| R2 | 33.35 | 0.96 % | ||
| R1 | 33.18 | 0.440 % | ||
| Current price: | 33.03 | |||
| Support | S1 | 32.62 | -1.24 % | |
| S2 | 32.45 | -1.76 % | ||
| S3 | 32.17 | -2.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.60 | 1.73 % | |
| R2 | 33.55 | 1.56 % | ||
| R1 | 33.15 | 0.363 % | ||
| Current price | 33.03 | |||
| Support | S1 | 32.56 | -1.42% | |
| S2 | 31.91 | -3.39% | ||
| S3 | 31.88 | -3.48% |
IFX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 26, 2024 | Feb 26, 2024 | Feb 26, 2024 | 0€ | 0% |
| 2 | Feb 17, 2023 | Feb 17, 2023 | Feb 17, 2023 | 0.320€ | 0.91% |
| 3 | Feb 18, 2022 | Feb 18, 2022 | Feb 18, 2022 | 0.270€ | 0.86% |
| 4 | Feb 26, 2021 | Feb 26, 2021 | Feb 26, 2021 | 0.220€ | 0.611% |
| 5 | Nov 15, 2019 | Feb 21, 2020 | Feb 25, 2020 | 0.270€ | 1.34% |
FAQ
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