{"id":148228,"date":"2019-05-23T10:45:26","date_gmt":"2019-05-23T14:45:26","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148228"},"modified":"2019-05-23T06:26:24","modified_gmt":"2019-05-23T10:26:24","slug":"ifx-analysis-lower-sales-forecast-bearish-for-infineon-price","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/ifx-analysis-lower-sales-forecast-bearish-for-infineon-price\/","title":{"rendered":"IFX Analysis: Lower sales forecast bearish for Infineon price"},"content":{"rendered":"
May 23, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Lower sales forecast bearish for Infineon price<\/strong><\/p>\n

Infineon stock led technology sector rout after news the company had stopped shipments to Huawei. Will the Infineon price<\/a> continue declining?<\/p><\/blockquote>\n

infineon Technologies AG stock slump led euro-zone technology retreat on Monday after news infineon had suspended shipments to Huawei following US ban on exports to China\u2019s telecom giant. Couple of weeks before that company\u2019s stock fell after Infineon reported no growth in revenue in the second quarter, though forecast a 5% rise in revenue to 8 billion euros ($8.96 billion) in the year to September 30. Chips used in cars account for more than two-fifths of Infineon’s top selling output, and the company cited weaker Chinese demand for stagnant sales. It forecast \u201clower than normal seasonal revenue increase int the second half of the 2019 fiscal year\u201d. Lower revenue forecast is bearish for Infineon stock price.<\/p>\n

\"IFX<\/p>\n

On the daily timeframe the D-IFX: D1<\/b> is below the 200-day moving average MA(200) which is falling. The price has breached below the support line. These are bearish.<\/p>\n