INFINEON TECHNOLOGIES : chart framework.

From a uptrend beginned in the first half of the year 2013, the stock showed a correction in the year 2018. The chart framework is highlighted by the two trendlines (we speak about a long-term period), in particular by the break of the second one (see the gray circled area). 

The trend change is also marked by the crossing of the two EMAs (fast, 100 periods and slow, 200 periods). The slope of the EMAs shows the market direction. 

If we look at the FIBO retracements, we got another confirmation of that picture.

There is the break of the first FIBO level (23.60%, at 20.31 EURO). Then, we are at the test of the second FIBO level (38.20%, at 17.22 EURO). See the yellow circled areas. 

Chart from Investing.com

The previous chart shows the graphic framework at a glance. We can reduce the objective with the aim to closely analyze the situation, in this way. 

The following chart shows an excess market. We can notice it trough the excess volatility from the BBs, the crossing of the two lines of the MACD (MACD and signal line) and the crossing of the RSI line, from overbought to a hypothetical oversold. How long this trend change/excess market will last ? It needs to monitor the next trading sessions to get a response (see also the test of the above named FIBO level). 

Chart from Investing.com

Finally, with a monthly time frame, we come to the same conclusions : crossing of the zero line from above to below (MOM) and crossing of the level 80 (MFI) ; see the yellow ellipses, in this way.

The structure of the PSAR also shows the trend change : in the bullish trend the slope is very different from the last bearish trend. 

As I said previously, it needs to look at the next trading sessions to understand if the current bearish trend is still valid or not. 

Chart from Investing.com

Of course, there is no fundamental consideration that would clearly complement the analysis, especially with regard to a long-term perspective.