Siemens: second straight rebound, earnings just ahead
Siemens stock climbs 3.8% and confirms the EMA20 bounce as earnings approach
Siemens: second straight rebound, earnings just ahead
Our view last week
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%.
This week's summary
Siemens stock puts together a second straight week of gains, +3.8%, with buyers still in charge of 77% of volume. On the daily chart the price bounces off the 20-day moving average, in the 273 area, up 4% from the session lows: the base built last week is holding. The stock remains a hair's breadth from its all-time highs, with earnings due August 6. The trade, now in its 15th week, is up 14.13%.
IQS Phase
70
in tension
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#27 / 61
EU-UK stocks in progress
Trade P&L %
+14.13%
from signal to date, no stop loss
Rank position
ranks 27th among the 61 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 strong phase
Performanceweekly +2.11% · monthly +0.81%
SIE belongs to the european sector (reference ETF EXH4). The sector is classified in strong phase according to our weekly reading.
restricted Platinum content