Koninklijke Philips NV Stock Forecast
Koninklijke Philips NV stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 18, 2024)
The Koninklijke Philips NV stock price fell by -0.84% on the last day (Thursday, 18th Apr 2024) from $20.15 to $19.98. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.10% from a day low at $19.93 to a day high of $20.15. The price has fallen in 6 of the last 10 days and is down by -1.87% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -302 thousand shares and in total, 480 thousand shares were bought and sold for approximately $9.59 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 -7.65% during the next 3 months and, with a 90% probability hold a price between $17.97 and $20.04 at the end of this 3-month period.
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PHG Signals & Forecast
There are mixed signals in the stock today. The Koninklijke Philips NV 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 $20.28 and $20.47. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 0.756%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Koninklijke Philips NV stock
Koninklijke Philips NV finds support from accumulated volume at $19.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.220 between high and low, or 1.10%. For the last week the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: $18.80 (-5.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (PHG) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Koninklijke Philips NV to open at $20.02, and during the day (based on 14 day Average True Range), to move between $19.62 and $20.34, which gives a possible trading interval of +/-$0.362 (+/-1.81%) up or down from last closing price. If Koninklijke Philips NV takes out the full calculated possible swing range there will be an estimated 3.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.92 (0.30%) than the resistance at $20.07 (0.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Koninklijke Philips NV stock A Buy?
Koninklijke Philips NV 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: -0.785 Hold/Accumulate Upgraded
Predicted Opening Price for Koninklijke Philips NV of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $20.02 ( 0.200%) | $19.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.24 | 1.30 % | |
| R2 | 20.16 | 0.88 % | ||
| R1 | 20.10 | 0.621 % | ||
| Current price: | 19.98 | |||
| Support | S1 | 19.94 | -0.220 % | |
| S2 | 19.88 | -0.480 % | ||
| S3 | 19.80 | -0.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.53 | 7.76 % | |
| R2 | 21.20 | 6.11 % | ||
| R1 | 20.07 | 0.450 % | ||
| Current price | 19.98 | |||
| Support | S1 | 19.92 | -0.300% | |
| S2 | 19.89 | -0.450% | ||
| S3 | 19.87 | -0.551% |
PHG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 27, 2023 | May 11, 2023 | May 18, 2023 | $0.94 | 4.60% |
| 2 | Jan 25, 2022 | May 12, 2022 | Jun 08, 2022 | $0.96 | 3.80% |
| 3 | Jan 27, 2021 | May 10, 2021 | Jun 09, 2021 | $1.03 | 1.82% |
| 4 | Apr 19, 2019 | May 13, 2019 | Jun 13, 2019 | $0.96 | 2.31% |
| 5 | Jan 31, 2018 | May 07, 2018 | Jun 06, 2018 | $0.99 | 2.31% |
FAQ
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