PHG Price Prediction Next Week
Technical Analysis: Based on the latest technical indicators for PHG, the stock shows bullish momentum in the short term:
- RSI-14 at 62.52 indicates moderate bullish momentum without being overbought
- Stochastic (89.86) suggests strong upward momentum
- MACD is positive with bullish crossover (MACD: 0.55, Signal: 0.46)
- Price trading above key SMAs (5,10,20-day) indicates positive trend
Price Targets for Next Week:
- Support levels: $27.66 (Fibonacci pivot), $26.87 (S1)
- Resistance levels: $28.45 (R1), $28.95 (R2)
- Bollinger Bands suggest room for upside (Current price near middle band)
News Impact: Recent positive news about PHG's successful deployment of nationwide acute stroke care upgrade in Ukraine demonstrates strong business execution and expansion in healthcare infrastructure, which should provide positive sentiment support.
Price Prediction & Recommendation: Based on technical indicators and positive news flow, PHG is likely to test R1 level at $28.45 next week. The stock shows strong momentum with key support at $27.66.
Trading Action: BUY
- Entry: Current market price ($28.19)
- Target: $28.45 (short-term)
- Stop loss: $27.66 (Fibonacci pivot)
PHG Similar Chart Price Prediction
The price of PHG is predicted to go up -19.15%, based on the high correlation periods with DBVT. The similarity of these two price pattern on the periods is 97.81%.
PHG
DBVT
Down: -19.15%Similarity: 97.81%
PHG Revenue Forecast
PHG EPS Forecast
PHG FAQs
What is bull’s view on PHG?
What is bear's view on PHG?
What is PHG revenue forecast for next quarter？
What is PHG eps forecast for next quarter？
PHG VS S&P500
Philips' large installed base in imaging devices and existing footprint in many hospitals is an advantage that allows it to cross-sell and introduce new products with less effort than other smaller players.
Philips is a leader in large unpenetrated markets such as sleep obstructive apnea and electric toothbrushes, where there are significant growth opportunities.
Divestments are reducing the conglomerate perception Philips has among investors, which will provide more visibility on cash flows and future growth opportunities.
PHG Analyst's Forecast
Julien Dormois
Jefferies
Sell → Hold
2024-10-29
Price Target
n/a
Downside
0%
Jefferies analyst Julien Dormois upgraded Philips to Hold from Underperform with a price target of EUR 25, up from EUR 23.50. Following the stock's selloff, Philips' valuation more adequately reflects its short-term challenges, the analyst tells investors in a research note. The firm says the risk/reward seems more balanced from here.
