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Koninklijke Philips Nv (PHG): Price Now Near $56.27; Daily Chart Shows Downtrend on 20 Day Basis
Get Ratings)’s price is up $0.07 (0.12%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the
clearest trend on the 20 hour timeframe. 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