INFINEON TECH.AG NA O.N. - Daily - Technical analysis published on 10/09/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 16.140 EUR
My targets
14.878 EUR (-6.56%)
14.070 EUR (-11.63%)
My analysis
The bearish trend is currently very strong for INFINEON TECH.AG NA O.N.. As long as the price remains below the resistance at 16.140 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 14.878 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 14.070 EUR as an objective. Crossing it would then enable sellers to target 13.440 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
6.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
INFINEON TECH.AG NA O.N. rating 15.922 EUR. The price has increased by +1.86% since the last closing and was traded between 15.522 EUR and 16.004 EUR over the period. The price is currently at +2.58% from its lowest and -0.51% from its highest.15.522
16.004
15.922
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by INFINEON TECH.AG NA O.N.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of INFINEON TECH.AG NA O.N. indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.440 | 14.070 | 14.878 | 15.922 | 16.140 | 18.102 | 20.166 |
| Change (%) | -15.59% | -11.63% | -6.56% | - | +1.37% | +13.69% | +26.65% |
| Change | -2.482 | -1.852 | -1.044 | - | +0.218 | +2.180 | +4.244 |
| Level | Intermediate | Minor | Major | - | Major | Major | Intermediate |
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 | 14.143 | 14.711 | 15.171 | 15.739 | 16.199 | 16.767 | 17.227 |
| Camarilla | 15.349 | 15.444 | 15.538 | 15.632 | 15.726 | 15.821 | 15.915 |
| Woodie | 14.090 | 14.684 | 15.118 | 15.712 | 16.146 | 16.740 | 17.174 |
| Fibonacci | 14.711 | 15.103 | 15.346 | 15.739 | 16.131 | 16.374 | 16.767 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.609 | 15.223 | 15.649 | 16.263 | 16.689 | 17.303 | 17.729 |
| Camarilla | 15.788 | 15.883 | 15.979 | 16.074 | 16.169 | 16.265 | 16.360 |
| Woodie | 14.514 | 15.176 | 15.554 | 16.216 | 16.594 | 17.256 | 17.634 |
| Fibonacci | 15.223 | 15.621 | 15.866 | 16.263 | 16.661 | 16.906 | 17.303 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.937 | 13.705 | 15.109 | 16.877 | 18.281 | 20.049 | 21.453 |
| Camarilla | 15.640 | 15.931 | 16.221 | 16.512 | 16.803 | 17.094 | 17.384 |
| Woodie | 11.754 | 13.614 | 14.926 | 16.786 | 18.098 | 19.958 | 21.270 |
| Fibonacci | 13.705 | 14.917 | 15.666 | 16.877 | 18.089 | 18.838 | 20.049 |
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): | 40.83 | |
| MACD (12,26,9): | -0.2220 | |
| Directional Movement: | -12.980 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 16.389 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.672 | |
| Elder Ray (13): | -0.659 | |
| Super Trend (3,10): | 17.344 | |
| Zig ZAG (10): | 15.964 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 15.61 | |
| TEMA (21): | 16.040 | |
| Williams %R (14): | -78.11 | |
| Chande Momentum Oscillator (20): | -1.486 | |
| Repulse (5,40,3): | -0.2170 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0210 | |
| Courbe Coppock: | 20.79 |
| MA7: | 16.079 | |
| MA20: | 17.095 | |
| MA50: | 16.434 | |
| MA100: | 16.189 | |
| MAexp7: | 16.120 | |
| MAexp20: | 16.560 | |
| MAexp50: | 16.593 | |
| MAexp100: | 16.795 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | -6.86% | |
| Price / MA50: | -3.12% | |
| Price / MA100: | -1.65% | |
| Price / MAexp7: | -1.23% | |
| Price / MAexp20: | -3.85% | |
| Price / MAexp50: | -4.04% | |
| Price / MAexp100: | -5.20% |
News
The last news published on INFINEON TECH.AG NA O.N. at the time of the generation of this analysis was as follows:
- Lanner Partners with Infineon to Provide Trusted Network and IoT Computing Platforms
- DGAP-Adhoc: Infineon Technologies AG: Infineon Technologies AG starting bookbuilding process for inaugural dual-tranche EUR perpetual hybrid bond
- DGAP-News: Infineon Technologies AG: INFINEON PERFORMS WELL IN CHALLENGING MARKET ENVIRONMENT - REVENUE AND EARNINGS MEET EXPECTATIONS
- Infineon and FuturePlay to jointly strengthen start-up ecosystem in South Korea
- DGAP-Adhoc: Infineon Technologies AG: Infineon determines the placement price for the new shares
This member declared not having a position on this financial instrument or a related financial instrument.
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