Siemens Energy, the decline keeps easing
Siemens Energy rises 2.5% as the decline keeps losing steam
Siemens Energy, the decline keeps easing
Our view last week
Siemens Energy's decline is losing steam: this week's drop eases to 2.9%, far milder than last week's 9.5% plunge. Money flow stays negative but improves slightly, while the ADX keeps fading for a fourth straight week, a sign the downtrend is losing conviction. The price remains boxed between the 146 and 154 areas, with the short now more than 6% in the money.
This week's summary
Siemens Energy's rebound continues: after last week's sharp slowdown, the stock gains 2.5% and bounces off a clean double bottom in the 146 area, with a 12% intermediate recovery. The weekly ADX keeps fading, a sign the decline is losing conviction, while sellers still edge out buyers on the last bar. The stock remains boxed in a tight range between the 149 and 152 areas: the weekly technical analysis shows a name hanging in the balance.
IQS Phase
66
in tension
Signal Strength
7
decline losing steam
Sizing
MINIMUM
Ranking
#37 / 56
EU-UK stocks
Trade P&L %
+4.23%
from signal to today
Rank position
ranks 37th among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 7 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly +1.57% · monthly +0.29%
ENR belongs to the european sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
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