SIE.DE closes higher for the 2nd day in a row


Siemens Aktiengesellschaft (SIE.DE) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
SIE.DE closes higher for the 2nd day in a row
SIE.DE pushes through previous session high
SIE.DE ends the day indecisive
TQ Sentiment
Report Sentiment: 20% Bullish
Technical Forecast:
Overview

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.

Daily chart for SIE.DE
Volatility

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.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

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.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Siemens Aktiengesellschaft
ConditionForecastDirectionWinAvgWorstBestEvents
Close to Swing Low TQ Pro Members Only
Last Engulfing Top Pattern TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Bullish Outside Bar TQ Pro Members Only
Shooting Star TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

SIE.DE ends the day indecisive

Jul 16, 2018
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