Siemens Aktiengesellschaft Stock Forecast
Siemens Aktiengesellschaft stock price up 0.799% on Wednesday
(Updated on May 08, 2024)
The Siemens Aktiengesellschaft stock price gained 0.799% on the last trading day (Wednesday, 8th May 2024), rising from 180.14€ to 181.58€. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.23% from a day low at 179.72€ to a day high of 183.72€. The price has risen in 6 of the last 10 days and is up by 3.56% over the past 2 weeks. Volume fell on the last day by -819 thousand shares and in total, 1 million shares were bought and sold for approximately 196.30€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.57% during the next 3 months and, with a 90% probability hold a price between 178.56€ and 192.53€ at the end of this 3-month period.
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SIE.DE Signals & Forecast
Mostly positive signals in the chart today. The Siemens Aktiengesellschaft stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 178.21€ and 175.64€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 5.35%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Siemens Aktiengesellschaft stock
Siemens Aktiengesellschaft finds support from accumulated volume at 175.90€ 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 4.00€ between high and low, or 2.23%. For the last week the stock has had daily average volatility of 2.28%.
Our recommended stop-loss: 172.71€ (-4.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (SIE.DE) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Siemens Aktiengesellschaft to open at 181.67€, and during the day (based on 14 day Average True Range), to move between 178.04€ and 185.12€, which gives a possible trading interval of +/-3.54€ (+/-1.95%) up or down from last closing price. If Siemens Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 182.94€ (0.75%) than the support at 175.90€ (3.13%), 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.
Earnings coming up
Siemens Aktiengesellschaft will release earnings BMO on Thursday, May 16, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.96. We will update the financials statements for Siemens Aktiengesellschaft, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.03% in the first trading day after earnings release.
Is Siemens Aktiengesellschaft stock A Buy?
Siemens Aktiengesellschaft holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.254 Strong Buy Candidate Unchanged
Predicted Opening Price for Siemens Aktiengesellschaft of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| 181.67€ ( 0.0514%) | 181.58€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIE.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 185.67 | 2.25 % | |
| R2 | 184.15 | 1.41 % | ||
| R1 | 183.20 | 0.89 % | ||
| Current price: | 181.58 | |||
| Support | S1 | 180.15 | -0.790 % | |
| S2 | 179.20 | -1.31 % | ||
| S3 | 177.67 | -2.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 184.96 | 1.86 % | |
| R2 | 184.00 | 1.33 % | ||
| R1 | 182.94 | 0.749 % | ||
| Current price | 181.58 | |||
| Support | S1 | 175.90 | -3.13% | |
| S2 | 175.30 | -3.46% | ||
| S3 | 173.04 | -4.70% |
SIE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 09, 2024 | Feb 09, 2024 | Feb 09, 2024 | 0€ | 0% |
| 2 | Feb 10, 2023 | Feb 10, 2023 | Feb 10, 2023 | 4.25€ | 2.91% |
| 3 | Feb 11, 2022 | Feb 11, 2022 | Feb 11, 2022 | 4.00€ | 2.89% |
| 4 | Feb 04, 2021 | Feb 04, 2021 | Feb 04, 2021 | 3.50€ | 2.58% |
| 5 | Nov 07, 2019 | Feb 06, 2020 | Feb 10, 2020 | 3.90€ | 3.60% |
FAQ
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