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Infineon Technologies AG Technical Analysis - Infineon Technologies AG Trading: 2023-11-16
Infineon Technologies AG Technical Analysis Summary
Above 33.86
Buy Stop
Below 31.29
Stop Loss
| Indicator | Signal |
| RSI | Sell |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
Infineon Technologies AG Chart Analysis
Infineon Technologies AG Technical Analysis
The technical analysis of the Infineon stock price chart on daily timeframe shows #D-IFX, Daily hit three-month high yesterday after breaching above the 200-period moving average MA(200) which has leveled off. RSI has entered the “Overbought” zone. We believe the bullish momentum will resume after the price breaches above the upper boundary of Donchian channel at 33.86. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 31.29. After placing the order, the stop loss is to be moved every day to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (31.29) without reaching the order (33.86), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Infineon Technologies AG
Infineon stock rallied after the chip maker reported higher than forecast revenues. Will the Infineon stock price continue advancing?
German semiconductor manufacturer Infineon beat 2023 revenue expectations. Revenue rose 15% from the year before to €16.31 billion ($17.72 billion), beating company’s own forecast of €16.22 billion. Main drivers for growth were the automotive industry and renewable energy sector, while demand for consumer, communication and computing devices was low, according to the company. The Infineon share price closed 9.69% higher on Wednesday after the report. However, the chip maker is forecasting slightly slower revenue growth for the 2024 fiscal year of €17 billion, plus or minus 500 million.
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