The Hourly View for PHG
At the moment, PHG (Get Ratings)’s price is down $0 (0%) from the hour prior. PHG has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on PHG; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
PHG’s Technical Outlook on the Daily Chart
At the moment, PHG’s price is up $0.01 (0.02%) from the day prior. This move is a reversal from the day prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Koninklijke Philips Nv’s price action over the past 90 days can be seen via the chart below.
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The post Koninklijke Philips Nv (PHG): Price Up $0.01 (0.02)% Over Past Day, Down $0 (0)% Over Past Hour appeared first on ETF Daily News.
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