PHILIPS KON - Daily - Technical analysis published on 07/31/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
44%
39%
My opinion
Bearish under 20.220 EUR
My targets
17.768 EUR (-6.54%)
15.952 EUR (-16.10%)
My analysis
The strong short-term decline in PHILIPS KON calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 20.220 EUR, one could consider taking advantage of the short-term movement. The first bearish objective is located at 17.768 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 15.952 EUR as an objective. Crossing it would then enable sellers to target 14.197 EUR. Be careful, a return to above 20.220 EUR could jeopardize the reversal.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
1.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PHILIPS KON rating is 19.012 EUR. On the day, this instrument lost -0.04% with the lowest point at 18.870 EUR and the highest point at 19.078 EUR. The deviation from the price is +0.75% for the low point and -0.35% for the high point.18.870
19.078
19.012
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PHILIPS KON:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of PHILIPS KON in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.197 | 15.952 | 17.768 | 19.012 | 19.131 | 20.220 | 25.149 |
| Change (%) | -25.33% | -16.10% | -6.54% | - | +0.63% | +6.35% | +32.28% |
| Change | -4.815 | -3.060 | -1.244 | - | +0.119 | +1.208 | +6.137 |
| Level | Intermediate | Minor | Major | - | Major | 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 | 18.616 | 18.708 | 18.864 | 18.956 | 19.112 | 19.204 | 19.360 |
| Camarilla | 18.952 | 18.975 | 18.997 | 19.020 | 19.043 | 19.066 | 19.088 |
| Woodie | 18.648 | 18.724 | 18.896 | 18.972 | 19.144 | 19.220 | 19.392 |
| Fibonacci | 18.708 | 18.803 | 18.861 | 18.956 | 19.051 | 19.109 | 19.204 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.113 | 17.311 | 18.165 | 19.363 | 20.217 | 21.415 | 22.269 |
| Camarilla | 18.456 | 18.644 | 18.832 | 19.020 | 19.208 | 19.396 | 19.584 |
| Woodie | 15.942 | 17.225 | 17.994 | 19.277 | 20.046 | 21.329 | 22.098 |
| Fibonacci | 17.311 | 18.095 | 18.579 | 19.363 | 20.147 | 20.631 | 21.415 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.921 | 16.771 | 18.289 | 19.139 | 20.657 | 21.507 | 23.025 |
| Camarilla | 19.157 | 19.374 | 19.591 | 19.808 | 20.025 | 20.242 | 20.459 |
| Woodie | 16.256 | 16.938 | 18.624 | 19.306 | 20.992 | 21.674 | 23.360 |
| Fibonacci | 16.771 | 17.675 | 18.234 | 19.139 | 20.043 | 20.602 | 21.507 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.28 | |
| MACD (12,26,9): | 0.0190 | |
| Directional Movement: | -16.195 | |
| AROON (14): | -28.571 | |
| DEMA (21): | 19.700 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.534 | |
| Elder Ray (13): | -0.563 | |
| Super Trend (3,10): | 20.434 | |
| Zig ZAG (10): | 18.994 | |
| VORTEX (21): | 0.8490 | |
| Stochastique (14,3,5): | 21.25 | |
| TEMA (21): | 19.398 | |
| Williams %R (14): | -79.20 | |
| Chande Momentum Oscillator (20): | -1.226 | |
| Repulse (5,40,3): | -1.4360 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1940 | |
| Courbe Coppock: | 4.05 |
| MA7: | 19.396 | |
| MA20: | 19.827 | |
| MA50: | 19.029 | |
| MA100: | 17.840 | |
| MAexp7: | 19.322 | |
| MAexp20: | 19.559 | |
| MAexp50: | 19.066 | |
| MAexp100: | 18.136 | |
| Price / MA7: | -1.98% | |
| Price / MA20: | -4.11% | |
| Price / MA50: | -0.09% | |
| Price / MA100: | +6.57% | |
| Price / MAexp7: | -1.60% | |
| Price / MAexp20: | -2.80% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | +4.83% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The latest news and videos published on PHILIPS KON at the time of the analysis were as follows:
- Philips delivers improved operational performance driven by sales growth and focus on execution
- Philips Norelco Unveils Team OneBlade 2023, featuring top professional basketball prospects Gradey Dick, Keyonte George and Jarace Walker
- IMAGIO consortium receives Innovative Health Initiative EUR 24 million grant to improve cancer treatments
- Philips to repurchase up to 7.1 million shares to cover long-term incentive plans
- Philips' direct-to-angio stroke pathway: new analysis demonstrates substantial cost savings in addition to improved patient outcomes
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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