SIE.DE ends the day on a bullish note closing near the high of the day
Siemens Aktiengesellschaft (SIE.DE) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
Moving higher for the 6th day in a row, SIE.DE finished Thursday at 120.70 surging €2.04 (1.72%) on high volume. Today's closing price of 120.70 marks the highest close since January 31st. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 119.36, the stock confirms its breakout through the prior session's high having traded €1.72 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (SIE.DE as at Jun 14, 2018):
Thursday's trading range was €3.24 (2.75%), that's far above last trading month's daily average range of €1.92. Weekly volatility is also higher, being way above the markets average with the monthly volatility being slightly below average.
Though still in a long-term downtrend, the short and medium-term trends both turned bullish already.