Siemens Aktiengesellschaft Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Siemens Aktiengesellschaft stock price ended at 176.26€ on Friday, after gaining 0.0795%.
(Updated on May 31, 2024)
The Siemens Aktiengesellschaft stock price gained 0.0795% on the last trading day (Friday, 31st May 2024), rising from 176.12€ to 176.26€. During the last trading day the stock fluctuated 0.99% from a day low at 175.10€ to a day high of 176.84€. The price has risen in 8 of the last 10 days and is up by 2.14% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately 396.81€ 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 Aktiengesellschaft stock with a 90% probability to be traded between 170.11€ and 186.60€ 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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SIE.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 2.14%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Siemens Aktiengesellschaft stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 176.97€ and 177.31€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Friday, May 17, 2024 and based on theory for this formation the price should go up by 3.99% to 183.28€ within 29 trading days since signal was issued (Monday, June 03, 2024).
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.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 1.74€ between high and low, or 0.99%. For the last week, the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: 165.39€ (-6.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (SIE.DE) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Siemens Aktiengesellschaft to open at 176.07€, and during the day (based on 14 day Average True Range), to move between 173.00€ and 179.52€, which gives a possible trading interval of +/-3.26€ (+/-1.85%) up or down from last closing price. If Siemens Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 3.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 175.90€ (0.20%) than the resistance at 177.62€ (0.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Siemens Aktiengesellschaft stock A Buy?
Siemens Aktiengesellschaft holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.615 Hold/Accumulate Unchanged
Predicted Opening Price for Siemens Aktiengesellschaft of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 176.07€ ( 0.110%) | 176.26€ |
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 | 177.81 | 0.88 % | |
| R2 | 177.14 | 0.500 % | ||
| R1 | 176.73 | 0.267 % | ||
| Current price: | 176.26 | |||
| Support | S1 | 175.40 | -0.487 % | |
| S2 | 174.99 | -0.720 % | ||
| S3 | 174.33 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 184.96 | 4.94 % | |
| R2 | 180.14 | 2.20 % | ||
| R1 | 177.62 | 0.772 % | ||
| Current price | 176.26 | |||
| Support | S1 | 175.90 | -0.204% | |
| S2 | 175.00 | -0.715% | ||
| S3 | 173.04 | -1.83% |
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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