Siemens Healthineers AG Stock Forecast
Siemens Healthineers AG stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Siemens Healthineers AG stock price fell by -0.371% on the last day (Tuesday, 2nd Jul 2024) from 53.84€ to 53.64€. During the last trading day the stock fluctuated 0.94% from a day low at 53.30€ to a day high of 53.80€. The price has risen in 6 of the last 10 days and is up by 2.29% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -164 thousand shares and in total, 420 thousand shares were bought and sold for approximately 22.52€ million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Siemens Healthineers AG stock with a 90% probability to be traded between 51.85€ and 56.00€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SHL.F Signals & Forecast
There are few to no technical positive signals at the moment. The Siemens Healthineers AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 54.02€ and 53.79€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -3.11%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Thursday, June 27, 2024 and based on theory for this formation the price should fall by -6.87% to 49.96€ within 14 trading days since signal was issued (Wednesday, July 17, 2024).
Support, Risk & Stop-loss for Siemens Healthineers AG stock
Siemens Healthineers AG finds support from accumulated volume at 53.02€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.500€ between high and low, or 0.94%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SHL.F) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Siemens Healthineers AG to open at 53.58€, and during the day (based on 14 day Average True Range), to move between 52.73€ and 54.55€, which gives a possible trading interval of +/-0.91€ (+/-1.70%) up or down from last closing price. If Siemens Healthineers AG takes out the full calculated possible swing range there will be an estimated 3.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 53.70€ (0.11%) than the support at 53.02€ (1.16%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Siemens Healthineers AG stock A Buy?
Siemens Healthineers AG holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.464 Sell Candidate Downgraded
Predicted Opening Price for Siemens Healthineers AG of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 53.58€ ( 0.112%) | 53.64€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHL.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.08 | 0.82% |
| R2 | 53.89 | 0.464% |
| R1 | 53.77 | 0.244% |
| Price | 53.64 | |
| S1 | 53.39 | -0.468% |
| S2 | 53.27 | -0.688% |
| S3 | 53.08 | -1.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.36 | 3.21% |
| R2 | 53.80 | 0.298% |
| R1 | 53.70 | 0.112% |
| Price | 53.64 | |
| S1 | 53.02 | -1.16% |
| S2 | 52.94 | -1.30% |
| S3 | 52.00 | -3.06% |
SHL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | Apr 23, 2024 | 0.95€ | 0% |
| 2 | Feb 16, 2023 | Feb 16, 2023 | Feb 16, 2023 | 0.95€ | 0% |
| 3 | Feb 16, 2022 | Feb 16, 2022 | Feb 16, 2022 | 0.85€ | 0% |
| 4 | Feb 15, 2021 | Feb 15, 2021 | Feb 15, 2021 | 0.80€ | 0% |
| 5 | Nov 06, 2019 | Feb 13, 2020 | Feb 17, 2020 | 0.80€ | 0% |
FAQ
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