INFINEON TECH.AG NA O.N. - 1H - Technical analysis published on 04/17/2024 (GMT)
- 136
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 32.355 EUR
My targets
31.330 EUR (-2.09%)
30.665 EUR (-4.17%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on INFINEON TECH.AG NA O.N. as long as the price remains well below 32.355 EUR. The sellers' bearish objective is set at 31.330 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 30.665 EUR. In case of crossing, the next objective would be the support located at 30.111 EUR.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INFINEON TECH.AG NA O.N. rating is 32.000 EUR. The price registered a decrease of -0.28% on the session and was traded between 31.495 EUR and 32.050 EUR over the period. The price is currently at +1.60% from its lowest and -0.16% from its highest.31.495
32.050
32.000
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of INFINEON TECH.AG NA O.N. in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 30.665 | 31.330 | 31.852 | 32.000 | 32.355 | 32.940 | 34.438 |
| Change (%) | -4.17% | -2.09% | -0.46% | - | +1.11% | +2.94% | +7.62% |
| Change | -1.335 | -0.670 | -0.148 | - | +0.355 | +0.940 | +2.438 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.790 | 31.070 | 31.580 | 31.860 | 32.370 | 32.650 | 33.160 |
| Camarilla | 31.873 | 31.945 | 32.018 | 32.090 | 32.162 | 32.235 | 32.307 |
| Woodie | 30.905 | 31.128 | 31.695 | 31.918 | 32.485 | 32.708 | 33.275 |
| Fibonacci | 31.070 | 31.372 | 31.558 | 31.860 | 32.162 | 32.348 | 32.650 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.953 | 29.727 | 30.893 | 32.667 | 33.833 | 35.607 | 36.773 |
| Camarilla | 31.252 | 31.521 | 31.791 | 32.060 | 32.330 | 32.599 | 32.869 |
| Woodie | 27.650 | 29.575 | 30.590 | 32.515 | 33.530 | 35.455 | 36.470 |
| Fibonacci | 29.727 | 30.850 | 31.544 | 32.667 | 33.790 | 34.484 | 35.607 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.882 | 27.768 | 29.642 | 32.528 | 34.402 | 37.288 | 39.162 |
| Camarilla | 30.206 | 30.642 | 31.079 | 31.515 | 31.951 | 32.388 | 32.824 |
| Woodie | 24.375 | 27.515 | 29.135 | 32.275 | 33.895 | 37.035 | 38.655 |
| Fibonacci | 27.768 | 29.587 | 30.710 | 32.528 | 34.347 | 35.470 | 37.288 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.11 | |
| MACD (12,26,9): | -0.1760 | |
| Directional Movement: | -8.913 | |
| AROON (14): | -21.429 | |
| DEMA (21): | 31.809 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.347 | |
| Elder Ray (13): | 0.016 | |
| Super Trend (3,10): | 32.457 | |
| Zig ZAG (10): | 31.940 | |
| VORTEX (21): | 1.0220 | |
| Stochastique (14,3,5): | 42.43 | |
| TEMA (21): | 31.791 | |
| Williams %R (14): | -45.62 | |
| Chande Momentum Oscillator (20): | 0.370 | |
| Repulse (5,40,3): | 0.7830 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1070 | |
| Courbe Coppock: | 2.59 |
| MA7: | 32.631 | |
| MA20: | 31.857 | |
| MA50: | 32.810 | |
| MA100: | 34.182 | |
| MAexp7: | 31.958 | |
| MAexp20: | 32.072 | |
| MAexp50: | 32.329 | |
| MAexp100: | 32.355 | |
| Price / MA7: | -1.93% | |
| Price / MA20: | +0.45% | |
| Price / MA50: | -2.47% | |
| Price / MA100: | -6.38% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -1.02% | |
| Price / MAexp100: | -1.10% |
Quotes :
-
15 min delayed data
-
Germany Stocks
News
The latest news and videos published on INFINEON TECH.AG NA O.N. at the time of the analysis were as follows:
- EQS-News: Infineon with robust Q1 FY 2024. Market environment outside automotive remains weak. Weaker currency and markets are leading to an adjustment of FY 2024 outlook
- EQS-Adhoc: Infineon Technologies AG: Court-appointed expert submits opinion in the Qimonda legal dispute
- EQS-News: Infineon achieves record revenue and earnings in the 2023 fiscal year and expects further revenue growth to € 17 billion and a Segment Result Margin of 24 percent for 2024
- TSMC, Bosch, Infineon, and NXP Establish Joint Venture to Bring Advanced Semiconductor Manufacturing to Europe
- EQS-News: Infineon Technologies AG: Strong performance by Infineon in the June quarter. Outlook for the 2023 fiscal year confirmed
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis INFINEON TECH.AG NA O.N. - 1H