Siemens: buyers retake control on the rebound
Siemens rebounds 2.9% as buyers reclaim 93% of the volume
Siemens: buyers retake control on the rebound
Our view last week
Siemens lost more ground this week, -3%, the fourth straight week of fading upward push: momentum is caving in, money flow has turned negative again, and sellers are back in control of the tape. Price is boxed into a tight band, between resistance in the 267.1 area and support in the 263.5 area — a rung lower than last week, when the band still sat near the all-time highs. The trade's gain has slipped to 6.82%.
This week's summary
Siemens breaks a four-week losing streak with a 2.9% rebound, buy-side volume back to 93% after last week's 72% in sell volume. On the daily chart a clean double bottom has formed in the 261 area, with a 5% intermediate bounce. This week's technical read also shows money flow back in positive territory: the managed trade, now in its 14th week, is up 9.93%.
IQS Phase
58
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#24 / 59
EU-UK stocks in progress
Trade P&L %
+9.93%
from signal to today
Rank position
ranks 24th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly +1.57% · monthly +0.29%
SIE belongs to the european sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
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