The sell signal fades, a fresh buy signal steps in
Siemens Healthineers +5.1%: the sell signal steps aside for a fresh buy
The sell signal fades, a fresh buy signal steps in
Our view last week
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.
This week's summary
Siemens Healthineers turns the page: the sell signal that had run for 12 weeks fades out, and this week a fresh buy signal kicks in. Siemens Healthineers stock gains 5.1% and is still pressing against the nearest resistance, in the 36.9 area, with the real entry conditioned on clearing the 7-day high, in the 38.1 area. In this week's technical analysis the ADX is losing conviction, and earnings land today too: caution is the word at week one.
IQS Phase
45
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#11 / 12
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 11th among the 12 fresh Longs for European-UK stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV4
Sector regimein positive regime
Performanceweekly -0.61% · monthly -2.43%
SHL belongs to the european sector (reference ETF EXV4). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content