Infineon Technologies AG Stock Forecast
Evaluation of Infineon Technologies AG stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
The Infineon Technologies AG stock price gained 4.31% on the last trading day (Wednesday, 24th Apr 2024), rising from $32.23 to $33.62. 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 1.99% from a day low at $33.43 to a day high of $34.10. The price has fallen in 6 of the last 10 days and is down by -6.51% for this period. Volume fell on the last day by -304 thousand shares and in total, 129 thousand shares were bought and sold for approximately $4.33 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 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 -8.96% during the next 3 months and, with a 90% probability hold a price between $28.68 and $33.48 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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IFNNY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.12%. 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). 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. The Infineon Technologies AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $34.73. On a fall, the stock will find some support from the short-term average at $32.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Infineon Technologies AG stock
Infineon Technologies AG finds support from accumulated volume at $32.23 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 $0.666 between high and low, or 1.99%. For the last week, the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IFNNY) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Infineon Technologies AG to open at $33.72, and during the day (based on 14 day Average True Range), to move between $32.61 and $34.63, which gives a possible trading interval of +/-$1.01 (+/-3.00%) up or down from last closing price. If Infineon Technologies AG takes out the full calculated possible swing range there will be an estimated 6.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $34.44 (2.44%) than the support at $32.23 (4.13%), 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
Infineon Technologies AG will release earnings -- on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.410. We will update the financials statements for Infineon Technologies AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.54% in the first trading day after earnings release.
Is Infineon Technologies AG stock A Buy?
Infineon Technologies AG holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.653 Sell Candidate Downgraded
Predicted Opening Price for Infineon Technologies AG of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $33.72 ( 0.284%) | $33.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IFNNY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.38 | 2.27 % | |
| R2 | 34.13 | 1.51 % | ||
| R1 | 33.97 | 1.04 % | ||
| Current price: | 33.62 | |||
| Support | S1 | 33.46 | -0.473 % | |
| S2 | 33.30 | -0.94 % | ||
| S3 | 33.05 | -1.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.52 | 11.60 % | |
| R2 | 36.55 | 8.70 % | ||
| R1 | 34.44 | 2.44 % | ||
| Current price | 33.62 | |||
| Support | S1 | 32.23 | -4.13% | |
| S2 | 32.09 | -4.55% | ||
| S3 | 31.68 | -5.77% |
IFNNY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 20, 2023 | Feb 26, 2024 | Mar 06, 2024 | $0.260 | 0.704% |
| 2 | May 16, 2023 | Feb 17, 2023 | Feb 28, 2023 | $0.332 | 0.94% |
| 3 | Feb 16, 2022 | Feb 18, 2022 | Mar 01, 2022 | $0.310 | 0.96% |
| 4 | Feb 26, 2021 | Feb 26, 2021 | Feb 26, 2021 | $0.266 | 0.609% |
| 5 | Jan 17, 2020 | Feb 21, 2020 | Mar 03, 2020 | $0.301 | 1.43% |
FAQ
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