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Infineon Technologies AG Technical Analysis - Infineon Technologies AG Trading: 2023-03-31
Infineon Technologies AG Technical Analysis Summary
Above 37.96
Buy Stop
Below 33.52
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| 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 13-month high yesterday above the 200-day moving average MA(200) which is rising. We believe the bullish momentum will resume after the price breaches above the upper boundary of Donchian channel at 37.96. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 33.52. 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 (33.52) without reaching the order (37.96), 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 raised its forecasts. Will the Infineon stock price continue advancing?
Infineon is a German corporation engaged in the design, development, manufacturing and marketing of semiconductor systems worldwide. Its market capitalization is €44.5 billion. The stock is trading at P/E ratio (Trailing Twelve Months) of 19.4 currently and at Forward P/E ratio of 15.95. The chipmaker earned a Revenue (ttm) of €15.01 billion, Return on Assets (ttm) of 8.51% and Return on Equity (ttm) of 18.19%. Infineon shares closed 6.3% higher on the day on Wednesday after the company raised its outlook for both its financial second quarter and the year 2023. Second quarter sales, which will be released on May 4, are now forecast above €4 billion, compared with around €3.9 billion previously. The chipmaker said it now expects 2023 sales significantly above the €15.5 billion forecast previously, up from €14.2 billion last year. It noted there would be a corresponding positive impact on margins, citing strong demand for products in automotive and industrials divisions as carmakers and data centers are restocking inventories following a global chip glut, leading to higher prices.
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