Infineon share: good news and a big buy signal – chart analysis

One of the winners of the day on the Frankfurt Stock Exchange is the Infineon share. Currently, this near daily high is more than 7 percent plus at 25.96 euros. On the one hand, this is due to good news from the semiconductor industry, which is also leaving its mark on the DAX, but on the other hand, a technical chart factor plays a decisive role in the level of price gain.

For two days, the Infineon share struggled to make headway towards the recently reached top at EUR 24.87. Tuesday and Wednesday closed at 24.22 / 24.24 euros. However, both the technical chart resistance at 24.12 / 24.28 euros and the hurdle at the top at 24.87 euros were clearly overcome – with the corresponding technical buy signals for the Infineon share as a result.

In the event of a setback, Infineon’s share price will now find support at the overcome obstacles. On the way up, the rising upper Bollinger Band could offer the orientation mark in the now possible continuation of the uptrend. The upper Bollinger is currently at 25.263 euros, with an upward trend, but a bit below the current share price of the DAX-listed group.

Related Articles

Back to top button