SIEMENS - Daily - Technical analysis published on 09/23/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
39%
17%
44%
My opinion
Bullish above 94.96 EUR
My targets
96.93 EUR (+1.45%)
100.54 EUR (+5.23%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for SIEMENS as long as the price remains well above 94.96 EUR. The buyers” bullish objective is set at 96.93 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 100.54 EUR. If there is any crossing, the next objective would be the resistance located at 102.84 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 96.93 EUR. On this resistance, against the trend traders who would like to go short on SIEMENS with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
1.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SIEMENS rating 95.54 EUR. The price registered a decrease of -2.51% on the session and was between 95.54 EUR and 98.18 EUR. This implies that the price is at 0% from its lowest and at -2.69% from its highest.95.54
98.18
95.54
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SIEMENS:
Technical
Technical analysis of SIEMENS in Daily shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 84.63 | 91.27 | 94.96 | 95.54 | 96.93 | 100.54 | 102.84 |
| Change (%) | -11.42% | -4.47% | -0.61% | - | +1.45% | +5.23% | +7.64% |
| Change | -10.91 | -4.27 | -0.58 | - | +1.39 | +5.00 | +7.30 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.33 | 96.67 | 97.33 | 97.67 | 98.33 | 98.67 | 99.33 |
| Camarilla | 97.73 | 97.82 | 97.91 | 98.00 | 98.09 | 98.18 | 98.28 |
| Woodie | 96.50 | 96.75 | 97.50 | 97.75 | 98.50 | 98.75 | 99.50 |
| Fibonacci | 96.67 | 97.05 | 97.29 | 97.67 | 98.05 | 98.29 | 98.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 94.68 | 95.35 | 96.67 | 97.34 | 98.66 | 99.33 | 100.65 |
| Camarilla | 97.45 | 97.64 | 97.82 | 98.00 | 98.18 | 98.37 | 98.55 |
| Woodie | 95.02 | 95.51 | 97.01 | 97.50 | 99.00 | 99.49 | 100.99 |
| Fibonacci | 95.35 | 96.11 | 96.58 | 97.34 | 98.10 | 98.57 | 99.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.84 | 79.23 | 85.21 | 90.60 | 96.58 | 101.97 | 107.95 |
| Camarilla | 88.05 | 89.10 | 90.14 | 91.18 | 92.22 | 93.27 | 94.31 |
| Woodie | 74.13 | 79.38 | 85.50 | 90.75 | 96.87 | 102.12 | 108.24 |
| Fibonacci | 79.23 | 83.58 | 86.26 | 90.60 | 94.95 | 97.63 | 101.97 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.57 | |
| MACD (12,26,9): | 1.4000 | |
| Directional Movement: | 8.18 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 96.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 98.00 | |
| Elder Ray (13): | 1.25 | |
| Super Trend (3,10): | 93.35 | |
| Zig ZAG (10): | 95.54 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 89.20 | |
| TEMA (21): | 98.30 | |
| Williams %R (14): | -32.27 | |
| Chande Momentum Oscillator (20): | 3.42 | |
| Repulse (5,40,3): | -1.7900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 14.41 |
| MA7: | 97.01 | |
| MA20: | 93.88 | |
| MA50: | 93.69 | |
| MA100: | 99.00 | |
| MAexp7: | 96.61 | |
| MAexp20: | 94.73 | |
| MAexp50: | 94.87 | |
| MAexp100: | 96.70 | |
| Price / MA7: | -1.52% | |
| Price / MA20: | +1.77% | |
| Price / MA50: | +1.97% | |
| Price / MA100: | -3.49% | |
| Price / MAexp7: | -1.11% | |
| Price / MAexp20: | +0.86% | |
| Price / MAexp50: | +0.71% | |
| Price / MAexp100: | -1.20% |
This member declared not having a position on this financial instrument or a related financial instrument.
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