Amphenol Corp Stock Forecast
Red day on Tuesday for Amphenol Corp
(Updated on Apr 23, 2024)
The Amphenol Corp stock price fell by -1.80% on the last day (Tuesday, 23rd Apr 2024) from £36.15 to £35.50. During the last trading day the stock fluctuated 2.86% from a day low at £35.50 to a day high of £36.51. The price has been going up and down for this period, and there has been a -3.79% loss for the last 2 weeks. Volume has increased on the last day by 340 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, 1 million shares were bought and sold for approximately £38.73 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £34.52 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.58% during the next 3 months and, with a 90% probability hold a price between £32.25 and £39.99 at the end of this 3-month period.
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APH.L Signals & Forecast
There are few to no technical positive signals at the moment. The Amphenol Corp 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 £36.49 and £37.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 22, 2024, and so far it has fallen -20.76%. 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 Corp stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 £1.01 between high and low, or 2.86%. For the last week, the stock has had daily average volatility of 4.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APH.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Amphenol Corp to open at £35.84, and during the day (based on 14 day Average True Range), to move between £33.57 and £37.43, which gives a possible trading interval of +/-£1.93 (+/-5.43%) up or down from last closing price. If Amphenol Corp takes out the full calculated possible swing range there will be an estimated 10.86% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £37.25, some £1.75 (4.93%) from the current price of £35.50, our system finds the risk reward not very attractive.
Is Amphenol Corp stock A Buy?
Amphenol Corp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.357 Sell Candidate Unchanged
Predicted Opening Price for Amphenol Corp of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £35.84 ( 0.95%) | £35.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APH.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.85 | 3.81 % | |
| R2 | 36.46 | 2.72 % | ||
| R1 | 36.23 | 2.04 % | ||
| Current price: | 35.50 | |||
| Support | S1 | 35.45 | -0.139 % | |
| S2 | 35.21 | -0.81 % | ||
| S3 | 34.82 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.60 | 20.00 % | |
| R2 | 39.00 | 9.86 % | ||
| R1 | 37.25 | 4.93 % | ||
| Current price | 35.50 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
APH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 22, 2023 | Jun 22, 2023 | Jun 22, 2023 | £1.18 | 2.24% |
| 2 | Sep 20, 2022 | Dec 22, 2022 | Jan 19, 2023 | £0.592 | 0.95% |
| 3 | Mar 22, 2022 | Jun 09, 2022 | Jul 07, 2022 | £1.13 | 0.97% |
| 4 | Sep 21, 2021 | Dec 23, 2021 | Jan 07, 2022 | £0.563 | 0.526% |
| 5 | Dec 16, 2021 | Dec 16, 2021 | Dec 16, 2021 | £0.563 | 0.540% |
FAQ
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