SIE.DE closes higher for the 2nd day in a row
Siemens Aktiengesellschaft (SIE.DE) Technical Analysis Report for Jul 13, 2018
Moving higher for the 2nd day in a row, SIE.DE ended the week 1.36% higher at 116.64 after edging higher €0.20 (0.17%) today on low volume. Closing above Thursday's high at 116.44, the share confirms its breakout through the prior session's high having traded €0.94 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was €1.02 (0.88%), that's far below last trading month's daily average range of €1.88. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being below average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying might speed up should prices move above the nearby swing high at 117.92 where further buy stops could get triggered. Selling might accelerate should prices move below the close-by swing low at 115.34 where further sell stops could get activated.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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