Siemens Aktiengesellschaft Stock Forecast

Weaker technical forecast for Siemens Aktiengesellschaft as stock downgraded to Hold/Accumulate.
(Updated on May 24, 2024)

SIE.F Signals & Forecast

The Siemens Aktiengesellschaft stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 174.64€ and 176.83€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 2.75%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy

Special Signal Notification

Double Bottom Formation

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 3.38% to 183.28€ within 29 trading days since signal was issued (Monday, May 27, 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 2.56€ between high and low, or 1.46%. For the last week, the stock has had daily average volatility of 1.60%.

Our recommended stop-loss: 168.42€ (-5.01%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (SIE.F) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Siemens Aktiengesellschaft to open at 176.65€, and during the day (based on 14 day Average True Range), to move between 173.63€ and 180.97€, which gives a possible trading interval of +/-3.67€ (+/-2.07%) up or down from last closing price. If Siemens Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 4.14% 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€ (0.79%) than the resistance at 180.14€ (1.60%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.355 Hold/Accumulate Downgraded

Predicted Opening Price for Siemens Aktiengesellschaft of Monday, May 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.