European-UK stocks · open long, week 18
Siemens dips 1.3% as momentum accelerates and ADX hits a 4-week high
Our view last week
Siemens stock pushes higher again after last week's pause: this week the shares gain 1.5% and volume swings back to the buy side, from 51% to 90%. Money flow hits its highest reading in four weeks and the ADX is climbing, a sign the trend is gaining conviction. The price still sits close to the highs, though, with little room before resistance in the 285 area. In our weekly technical analysis, the buy trade is now running at +14.68% since entry.
This week's summary
Siemens pulls back after last week's push: the stock slips 1.3% and volume swings back to the sell side, from 90% to 49% buy flow. On the daily chart, though, the latest bars form a clean bullish engulfing candle, and weekly momentum accelerates despite the price dip. The ADX keeps climbing and hits its highest reading in 4 weeks: the trend stays well structured even through the pause.
IQS Phase
51
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#40 / 70
EU-UK stocks in progress
Trade P&L %
+13.20%
from signal to date, no stop loss
Rank position
ranks 40th among the 70 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 -1.99% · monthly +4.11%
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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