Sell signal, week 12
Siemens Healthineers flat (-0.2%): the decline stays capped under the 35.6 area
Sell signal, week 12
Our view last week
Siemens Healthineers shares catch a breath: in this week's technical analysis, the stock recovers 1.5%, with buyers back in control at 66% of the trade and money flow flipping positive. Price, though, stays boxed in a very tight corridor just above the 35 area, and the period's double bottom still holds. The sell signal, running for 12 weeks now, is drifting close to breakeven.
This week's summary
Siemens Healthineers is stuck in a very tight corridor: the bounce stalled again against the daily upper Bollinger Band, in the 35.6 area, after the double bottom in the 34 area held through the month. Money flow has turned positive and buyers dominated 73% of last session's trade. In this week's Siemens Healthineers technical analysis, the sell signal, running for 12 weeks now, shows the first signs of fading.
IQS Phase
50
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#51 / 56
EU-UK stocks
Trade P&L %
-0.52%
from signal to today
Rank position
ranks 51st among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV4
Sector regimein positive regime
Performanceweekly +0.19% · monthly -0.21%
SHL belongs to the european sector (reference ETF EXV4). The sector is classified in positive regime according to our weekly reading.
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