Koninklijke Philips NV Stock Forecast
Red day on Thursday for Koninklijke Philips NV stock after losing 1.19%
(Updated on Apr 25, 2024)
The Koninklijke Philips NV stock price fell by -1.19% on the last day (Thursday, 25th Apr 2024) from $20.97 to $20.72. During the last trading day the stock fluctuated 0.95% from a day low at $20.58 to a day high of $20.77. The price has fallen in 6 of the last 10 days but is still up by 0.58% over the past 2 weeks. 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 -56 thousand shares and in total, 596 thousand shares were bought and sold for approximately $12.34 million.
The stock lies in the middle of a 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 -2.75% during the next 3 months and, with a 90% probability hold a price between $18.90 and $20.68 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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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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $20.49 and $20.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 4.49%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 from a double bottom formation was found on Monday, April 01, 2024 and based on theory for this formation the price should go up by 10.74% to $22.95 within 27 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for Koninklijke Philips NV stock
Koninklijke Philips NV finds support from accumulated volume at $20.61 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 $0.195 between high and low, or 0.95%. For the last week the stock has had daily average volatility of 1.32%.
Our recommended stop-loss: $19.55 (-5.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (PHG) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Koninklijke Philips NV to open at $20.69, and during the day (based on 14 day Average True Range), to move between $20.35 and $21.09, which gives a possible trading interval of +/-$0.368 (+/-1.77%) up or down from last closing price. If Koninklijke Philips NV takes out the full calculated possible swing range there will be an estimated 3.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.61 (0.53%) than the resistance at $21.01 (1.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Koninklijke Philips NV will release earnings BMO on Monday, April 29, 2024. We will update the financials statements for Koninklijke Philips NV, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.19% in the first trading day after earnings release.
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.
Current score: 0.509 Hold/Accumulate Unchanged
Predicted Opening Price for Koninklijke Philips NV of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $20.69 ( 0.153%) | $20.72 |
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 | 20.88 | 0.788 % | |
| R2 | 20.81 | 0.428 % | ||
| R1 | 20.76 | 0.206 % | ||
| Current price: | 20.72 | |||
| Support | S1 | 20.61 | -0.512 % | |
| S2 | 20.57 | -0.734 % | ||
| S3 | 20.49 | -1.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.53 | 3.91 % | |
| R2 | 21.20 | 2.32 % | ||
| R1 | 21.01 | 1.40 % | ||
| Current price | 20.72 | |||
| Support | S1 | 20.61 | -0.531% | |
| S2 | 20.41 | -1.50% | ||
| S3 | 20.07 | -3.14% |
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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