Siemens Aktiengesellschaft Stock Forecast
Siemens Aktiengesellschaft stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The Siemens Aktiengesellschaft stock price gained 1.38% on the last trading day (Friday, 3rd May 2024), rising from 175.20€ to 177.62€. During the last trading day the stock fluctuated 2.20% from a day low at 174.92€ to a day high of 178.76€. The price has been going up and down for this period, and there has been a 1.2% gain for the last 2 weeks. Volume fell on the last day by -127 thousand shares and in total, 748 thousand shares were bought and sold for approximately 132.78€ 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 3.33% during the next 3 months and, with a 90% probability hold a price between 180.04€ and 194.40€ at the end of this 3-month period.
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SIE.F 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 176.05€ and 175.98€. 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 3.05%. 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 175.30€ 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 3.84€ between high and low, or 2.20%. For the last week the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: 168.31€ (-5.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (SIE.F) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Siemens Aktiengesellschaft to open at 177.10€, and during the day (based on 14 day Average True Range), to move between 174.33€ and 180.91€, which gives a possible trading interval of +/-3.29€ (+/-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 3.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 179.86€ (1.26%) than the support at 175.30€ (1.31%), 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 Aktiengesellschaft stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Siemens Aktiengesellschaft stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.412 Buy Candidate Upgraded
Predicted Opening Price for Siemens Aktiengesellschaft of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 177.10€ ( 0.293%) | 177.62€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIE.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 180.94 | 1.87 % | |
| R2 | 179.47 | 1.04 % | ||
| R1 | 178.57 | 0.533 % | ||
| Current price: | 177.62 | |||
| Support | S1 | 175.63 | -1.12 % | |
| S2 | 174.73 | -1.63 % | ||
| S3 | 173.26 | -2.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 184.96 | 4.13 % | |
| R2 | 182.94 | 3.00 % | ||
| R1 | 179.86 | 1.26 % | ||
| Current price | 177.62 | |||
| Support | S1 | 175.30 | -1.31% | |
| S2 | 173.04 | -2.58% | ||
| S3 | 169.78 | -4.41% |
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€ | 0% |
| 3 | Feb 11, 2022 | Feb 11, 2022 | Feb 11, 2022 | 4.00€ | 0% |
| 4 | Feb 04, 2021 | Feb 04, 2021 | Feb 04, 2021 | 3.50€ | 0% |
| 5 | Nov 07, 2019 | Feb 06, 2020 | Feb 10, 2020 | 3.90€ | 0% |
FAQ
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