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
Evaluation of Siemens Aktiengesellschaft stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Siemens Aktiengesellschaft stock price fell by -1.39% on the last day (Friday, 17th May 2024) from 175.00€ to 172.56€. During the last trading day the stock fluctuated 2.34% from a day low at 170.42€ to a day high of 174.40€. The price has risen in 6 of the last 10 days but is still down by -2.85% for this period. 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 -1 million shares and in total, 2 million shares were bought and sold for approximately 404.47€ million.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately 173.60€ is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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SIE.F Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. On corrections up, there will be some resistance from the lines at 182.99€ and 177.04€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -8.41%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Siemens Aktiengesellschaft stock
Siemens Aktiengesellschaft finds support from accumulated volume at 172.36€ 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 3.98€ between high and low, or 2.34%. For the last week, the stock has had daily average volatility of 2.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SIE.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Siemens Aktiengesellschaft to open at 172.46€, and during the day (based on 14 day Average True Range), to move between 168.51€ and 176.61€, which gives a possible trading interval of +/-4.05€ (+/-2.35%) up or down from last closing price. If Siemens Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 172.36€ (0.12%) than the resistance at 173.04€ (0.28%), 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 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: -2.372 Sell Candidate Downgraded
Predicted Opening Price for Siemens Aktiengesellschaft of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 172.46€ ( 0.0580%) | 172.56€ |
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 | 176.44 | 2.25 % | |
| R2 | 174.92 | 1.37 % | ||
| R1 | 173.98 | 0.82 % | ||
| Current price: | 172.56 | |||
| Support | S1 | 170.94 | -0.94 % | |
| S2 | 170.00 | -1.48 % | ||
| S3 | 168.48 | -2.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 184.96 | 7.19 % | |
| R2 | 175.00 | 1.41 % | ||
| R1 | 173.04 | 0.278 % | ||
| Current price | 172.56 | |||
| Support | S1 | 172.36 | -0.116% | |
| S2 | 172.10 | -0.267% | ||
| S3 | 169.42 | -1.82% |
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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