Amphenol Corporation Stock Forecast
Amphenol Corporation stock price ended at $110.88 on Thursday, after losing 0.547%.
(Updated on Apr 18, 2024)
The Amphenol Corporation stock price fell by -0.547% on the last day (Thursday, 18th Apr 2024) from $111.49 to $110.88. During the last trading day the stock fluctuated 1.66% from a day low at $110.86 to a day high of $112.70. The price has fallen in 7 of the last 10 days and is down by -3.67% for this period. Volume has increased on the last day by 222 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, 3 million shares were bought and sold for approximately $309.83 million.
Given the current short-term trend, the stock is expected to rise 16.11% during the next 3 months and, with a 90% probability hold a price between $128.75 and $139.10 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
APH Signals & Forecast
There are few to no technical positive signals at the moment. The Amphenol Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $113.04 and $112.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -5.54%. 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 Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $102.78 and $100.81. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Amphenol Corporation finds support just below today's level at $102.78. If this is broken, then the next support from accumulated volume will be at $100.81 and $100.66.
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 $1.84 between high and low, or 1.66%. For the last week the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APH) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Amphenol Corporation to open at $111.48, and during the day (based on 14 day Average True Range), to move between $108.60 and $113.16, which gives a possible trading interval of +/-$2.28 (+/-2.06%) up or down from last closing price. If Amphenol Corporation takes out the full calculated possible swing range there will be an estimated 4.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $114.98 (3.70%) than the support at $102.78 (7.31%), 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.
Earnings coming up
Amphenol Corporation will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.740. We will update the financials statements for Amphenol Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.17% in the first trading day after earnings release.
Is Amphenol Corporation stock A Buy?
The Amphenol Corporation stock holds several negative signals and despite the positive trend, we believe Amphenol Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.468 Sell Candidate Unchanged
Predicted Opening Price for Amphenol Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $111.48 ( 0.541%) | $110.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 113.32 | 2.20 % | |
| R2 | 112.62 | 1.57 % | ||
| R1 | 112.18 | 1.18 % | ||
| Current price: | 110.88 | |||
| Support | S1 | 110.78 | -0.0928 % | |
| S2 | 110.34 | -0.484 % | ||
| S3 | 109.64 | -1.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 115.35 | 4.03 % | |
| R2 | 115.30 | 3.99 % | ||
| R1 | 114.98 | 3.70 % | ||
| Current price | 110.88 | |||
| Support | S1 | 102.78 | -7.31% | |
| S2 | 100.81 | -9.08% | ||
| S3 | 100.66 | -9.22% |
APH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Apr 10, 2024 | $0.220 | 0.192% |
| 2 | Oct 24, 2023 | Dec 18, 2023 | Jan 10, 2024 | $0.220 | 0.229% |
| 3 | Aug 04, 2023 | Sep 18, 2023 | Oct 11, 2023 | $0.210 | 0.248% |
| 4 | May 05, 2023 | Jun 16, 2023 | Jul 12, 2023 | $0.210 | 0.245% |
| 5 | Feb 02, 2023 | Mar 20, 2023 | Apr 12, 2023 | $0.210 | 0.269% |
FAQ
Click here for our free guide on how to buy Amphenol Corporation Stock.
