Siemens Aktiengesellschaft Stock Forecast
Red day on Friday for Siemens Aktiengesellschaft
(Updated on May 17, 2024)
The Siemens Aktiengesellschaft stock price fell by -1.12% on the last day (Friday, 17th May 2024) from $95.00 to $93.94. During the last trading day the stock fluctuated 0.772% from a day low at $93.92 to a day high of $94.65. The price has risen in 6 of the last 10 days but is still down by -1.79% 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 -80 thousand shares and in total, 128 thousand shares were bought and sold for approximately $12.00 million.
The stock is moving within a wide and 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 $90.94 and $101.85 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SIEGY 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 $99.15 and $95.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -7.96%. 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 $93.66 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 $0.725 between high and low, or 0.772%. For the last week, the stock has had daily average volatility of 1.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SIEGY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Siemens Aktiengesellschaft to open at $94.17, and during the day (based on 14 day Average True Range), to move between $91.93 and $95.95, which gives a possible trading interval of +/-$2.01 (+/-2.14%) up or down from last closing price. If Siemens Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 4.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $93.66 (0.30%) than the resistance at $94.57 (0.67%), 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 wide and 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.
Current score: -2.474 Sell Candidate Unchanged
Predicted Opening Price for Siemens Aktiengesellschaft of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $94.17 ( 0.243%) | $93.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIEGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 94.89 | 1.01 % | |
| R2 | 94.62 | 0.720 % | ||
| R1 | 94.45 | 0.538 % | ||
| Current price: | 93.94 | |||
| Support | S1 | 93.89 | -0.0518 % | |
| S2 | 93.72 | -0.234 % | ||
| S3 | 93.44 | -0.529 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 99.76 | 6.20 % | |
| R2 | 94.93 | 1.05 % | ||
| R1 | 94.57 | 0.671 % | ||
| Current price | 93.94 | |||
| Support | S1 | 93.66 | -0.298% | |
| S2 | 93.23 | -0.756% | ||
| S3 | 92.93 | -1.08% |
SIEGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 09, 2024 | Feb 09, 2024 | Feb 20, 2024 | $1.88 | 2.07% |
| 2 | Jan 25, 2023 | Feb 10, 2023 | Feb 21, 2023 | $2.27 | 2.96% |
| 3 | Feb 08, 2022 | Feb 11, 2022 | Feb 23, 2022 | $2.26 | 3.07% |
| 4 | Feb 04, 2021 | Feb 04, 2021 | Feb 04, 2021 | $2.13 | 2.62% |
| 5 | Jan 02, 2020 | Feb 06, 2020 | Feb 18, 2020 | $2.19 | 3.79% |
FAQ
Click here for our free guide on how to buy Siemens Aktiengesellschaft Stock.
