Effort of the Young Green Butterfly to Raise the Siemens Flagthe detail is shown in the above Chart.
I made this Idea based on Candlestick Analysis and Fibonacci Tool .
The Buyers' Crab could reach the highest point at the price of 167 euros.
The Bearish trend started and siemens flag is falling and approaching to the golden level of buyers crab .
The past trend of sellers' candles has formed a motivated green butterfly pattern
So we can expect this young Butterfly to raise the Siemens flag again.
Siemens Is Great .
Good luck.
4SIE trade ideas
[S-004] Siemens AGIdea number S-004 | Siemens stock could fall toward support in the 126/124 EUR area.
The setup is negative, the stock is trading below the 20-day and 50-day moving averages. The MACD is negative and below its signal line. The RSI is trading below 30. This could mean that the stock is in a sustained downtrend or that it is simply oversold and therefore a rebound could take shape. In that case I would protect a possible bearish position with a tight stop loss on the pivot point as I show below:
📉 Short Entry at 134.8 EUR
💰 Take Profit at 124 EUR
💸 Stop Loss at 140 EUR
#SIEMENS long idea (+25%?)Hello dear Traders,
Here is my idea for #SIE
Price closed above yellow line (previous month high)
Price closed above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
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Trading Idea - #SiemensAGMy trading idea for Siemens AG - SHORT
Target: EUR 89.00 (profit potential 12%)
The Siemens AG share is in an intact downward trend. In mid-June, there was a sharp drop below the support level of 114.00 EUR. The resistance around the EUR 109.00 mark was then confirmed several times. The next historical support at EUR 89.00 is expected to be targeted.
Like the entire industry, Siemens is also expected to be slowed down by weakening demand and an unfavourable price-cost ratio.
Analysts estimate a profit decline of up to 20% for 2023.
Siemens AG (SIE)This is one of the largest and best managed companies in the world. Over the last few years, the company has transformed itself significantly, dividing the management of many of the related companies and it is now branding itself as a digital technology company focused on factories and urban infrastructure. The Digital Industries division is already Siemens’ largest by sales, and operates at the highest profit margin. We believe that the support level of 120,00 euro, as shown in chart, is indeed a good entry point for a medium and long term investment, also considering the interesting dividend yield of 2.6%.
SIE Daily TF ConsiderationsOn the daily time frame, SIE adheres to a rising wedge pattern. The chart shows higher highs and higher lows with bearish divergence on MACD and RSI. Volume seems stable but leans on the stagnant side as well. There's also a gap to be filled at 125€ to 130€. The stock can also be considered overvalued from a financial/business standpoint (e.g. see Morningstar's or Sven Carlin's analysis) and Siemens is certainly not a sexy growth stock.
On the positive side, we're still within the channel and above the 200 MA. A bounce could happen from here towards the 145€ to 150€ region since price still respects the channel and has rejected lower levels multiple times. However, it's not a buy in my book at this level because of the poor risk reward ratio since the price could break down at any point now. Selling at these levels without confirmation is also a poor decision since I expect support at the 200 MA where the gap is to be filled.
For now this stock goes onto the watchlist. If it makes another push towards 150€, it's a sell at that point. If the wedge pattern breaks down now, a short term buy at the 200MA could be an interesting proposition before the wedge is retested for a larger breakdown of structure (levels to be determined at that point).