PHILIPS KON - 1H - Technical analysis published on 02/01/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 19.690 EUR
My targets
19.140 EUR (-1.98%)
18.495 EUR (-5.28%)
My analysis
The bearish trend is currently very strong for PHILIPS KON. As long as the price remains below the resistance at 19.690 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 19.140 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18.495 EUR as an objective. Crossing it would then enable sellers to target 17.768 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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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 price is 19.526 EUR. On the day, this instrument lost -1.26% and was between 19.260 EUR and 19.776 EUR. This implies that the price is at +1.38% from its lowest and at -1.26% from its highest.19.260
19.776
19.526
Here is a more detailed summary of the historical variations registered by PHILIPS KON:
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 PHILIPS KON in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.768 | 18.495 | 19.140 | 19.526 | 19.690 | 20.106 | 20.820 |
| Change (%) | -9.00% | -5.28% | -1.98% | - | +0.84% | +2.97% | +6.63% |
| Change | -1.758 | -1.031 | -0.386 | - | +0.164 | +0.580 | +1.294 |
| Level | Major | Intermediate | Intermediate | - | 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 | 19.131 | 19.349 | 19.563 | 19.781 | 19.995 | 20.213 | 20.427 |
| Camarilla | 19.657 | 19.697 | 19.736 | 19.776 | 19.816 | 19.855 | 19.895 |
| Woodie | 19.128 | 19.348 | 19.560 | 19.780 | 19.992 | 20.212 | 20.424 |
| Fibonacci | 19.349 | 19.514 | 19.616 | 19.781 | 19.946 | 20.048 | 20.213 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.423 | 19.997 | 20.523 | 21.097 | 21.623 | 22.197 | 22.723 |
| Camarilla | 20.748 | 20.848 | 20.949 | 21.050 | 21.151 | 21.252 | 21.353 |
| Woodie | 19.400 | 19.985 | 20.500 | 21.085 | 21.600 | 22.185 | 22.700 |
| Fibonacci | 19.997 | 20.417 | 20.677 | 21.097 | 21.517 | 21.777 | 22.197 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.664 | 17.446 | 18.611 | 20.393 | 21.558 | 23.340 | 24.505 |
| Camarilla | 18.966 | 19.236 | 19.506 | 19.776 | 20.046 | 20.316 | 20.586 |
| Woodie | 15.356 | 17.292 | 18.303 | 20.239 | 21.250 | 23.186 | 24.197 |
| Fibonacci | 17.446 | 18.572 | 19.267 | 20.393 | 21.519 | 22.214 | 23.340 |
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): | 35.77 | |
| MACD (12,26,9): | -0.1980 | |
| Directional Movement: | -26.563 | |
| AROON (14): | -85.714 | |
| DEMA (21): | 19.448 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.016 | |
| Elder Ray (13): | -0.174 | |
| Super Trend (3,10): | 19.915 | |
| Zig ZAG (10): | 19.460 | |
| VORTEX (21): | 0.7940 | |
| Stochastique (14,3,5): | 19.05 | |
| TEMA (21): | 19.467 | |
| Williams %R (14): | -68.06 | |
| Chande Momentum Oscillator (20): | -0.316 | |
| Repulse (5,40,3): | -0.2050 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1280 | |
| Courbe Coppock: | 3.41 |
| MA7: | 20.385 | |
| MA20: | 21.211 | |
| MA50: | 20.390 | |
| MA100: | 19.529 | |
| MAexp7: | 19.530 | |
| MAexp20: | 19.714 | |
| MAexp50: | 20.122 | |
| MAexp100: | 20.561 | |
| Price / MA7: | -4.21% | |
| Price / MA20: | -7.94% | |
| Price / MA50: | -4.24% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.95% | |
| Price / MAexp50: | -2.96% | |
| Price / MAexp100: | -5.03% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
Don't forget to follow the news on PHILIPS KON. At the time of publication of this analysis, the latest news was as follows:
- New Philips Mini TEE ultrasound transducer helps improve cardiac care for more patients
- Philips delivers strong full-year results; agrees with FDA on terms of consent decree focused on Philips Respironics in the US
- Philips Norelco Steps Into Gender-Inclusive Grooming with OneBlade Intimate
- Affidea Group appoints Frans van Houten, Former CEO of Philips, as a new Supervisory Board member
- Philips completes cancellation of 15.1 million shares
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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