Koninklijke Philips NV Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Koninklijke Philips NV stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)
The Koninklijke Philips NV stock price fell by -0.747% on the last day (Thursday, 2nd May 2024) from $26.76 to $26.56. During the last trading day the stock fluctuated 1.23% from a day low at $26.52 to a day high of $26.84. The price has risen in 5 of the last 10 days and is up by 32.93% over the past 2 weeks. Volume has increased on the last day by 678 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $56.81 million.
The stock lies in the upper part of a very wide and weak rising 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 $26.80 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.04% during the next 3 months and, with a 90% probability hold a price between $22.14 and $29.22 at the end of this 3-month period.
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PHG Signals & Forecast
The Koninklijke Philips NV stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $24.19 and $21.14. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -0.747%. Further fall is indicated until a new bottom pivot has been found. 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 Koninklijke Philips NV stock
Koninklijke Philips NV finds support from accumulated volume at $26.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.325 between high and low, or 1.23%. For the last week, the stock has had daily average volatility of 3.67%.
The Koninklijke Philips NV stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $25.89 (-2.52%) (This stock has high daily movements and this gives high risk. The RSI14 is 88 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (PHG) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Koninklijke Philips NV to open at $26.64, and during the day (based on 14 day Average True Range), to move between $25.70 and $27.42, which gives a possible trading interval of +/-$0.86 (+/-3.24%) up or down from last closing price. If Koninklijke Philips NV takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.55 (0.04%) than the resistance at $26.71 (0.56%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Koninklijke Philips NV stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.003 Buy Candidate Upgraded
Predicted Opening Price for Koninklijke Philips NV of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $26.64 ( 0.295%) | $26.56 |
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 | 26.96 | 1.52 % | |
| R2 | 26.84 | 1.05 % | ||
| R1 | 26.76 | 0.762 % | ||
| Current price: | 26.56 | |||
| Support | S1 | 26.51 | -0.173 % | |
| S2 | 26.44 | -0.461 % | ||
| S3 | 26.31 | -0.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 26.76 | 0.753 % | ||
| R1 | 26.71 | 0.565 % | ||
| Current price | 26.56 | |||
| Support | S1 | 26.55 | -0.0377% | |
| S2 | 21.20 | -20.18% | ||
| S3 | 20.07 | -24.44% |
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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