SIEMENS - Daily - Technical analysis published on 11/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 115.00 EUR
My targets
120.60 EUR (+4.52%)
124.80 EUR (+8.16%)
My analysis
The bullish trend is currently very strong on SIEMENS. As long as the price remains above the support at 115.00 EUR, you could try to benefit from the boom. The first bullish objective is located at 120.60 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 124.80 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.6
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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
The SIEMENS rating is 115.38 EUR. The price has increased by +1.46% since the last closing with the lowest point at 113.60 EUR and the highest point at 115.62 EUR. The deviation from the price is +1.57% for the low point and -0.21% for the high point.113.60
115.62
115.38
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this Daily chart of SIEMENS indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 103.26 | 108.30 | 115.00 | 115.38 | 120.60 | 124.80 |
| Change (%) | -10.50% | -6.14% | -0.33% | - | +4.52% | +8.16% |
| Change | -12.12 | -7.08 | -0.38 | - | +5.22 | +9.42 |
| Level | Intermediate | Major | Minor | - | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.87 | 111.93 | 112.83 | 113.89 | 114.79 | 115.85 | 116.75 |
| Camarilla | 113.18 | 113.36 | 113.54 | 113.72 | 113.90 | 114.08 | 114.26 |
| Woodie | 110.78 | 111.89 | 112.74 | 113.85 | 114.70 | 115.81 | 116.66 |
| Fibonacci | 111.93 | 112.68 | 113.15 | 113.89 | 114.64 | 115.11 | 115.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.52 | 109.20 | 111.92 | 113.60 | 116.32 | 118.00 | 120.72 |
| Camarilla | 113.43 | 113.83 | 114.24 | 114.64 | 115.04 | 115.45 | 115.85 |
| Woodie | 108.04 | 109.46 | 112.44 | 113.86 | 116.84 | 118.26 | 121.24 |
| Fibonacci | 109.20 | 110.88 | 111.92 | 113.60 | 115.28 | 116.32 | 118.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.36 | 88.42 | 95.84 | 100.90 | 108.32 | 113.38 | 120.80 |
| Camarilla | 99.83 | 100.97 | 102.12 | 103.26 | 104.40 | 105.55 | 106.69 |
| Woodie | 84.54 | 89.01 | 97.02 | 101.49 | 109.50 | 113.97 | 121.98 |
| Fibonacci | 88.42 | 93.19 | 96.13 | 100.90 | 105.67 | 108.61 | 113.38 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 75.31 | |
| MACD (12,26,9): | 4.0200 | |
| Directional Movement: | 22.80 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 114.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 113.00 | |
| Elder Ray (13): | 2.59 | |
| Super Trend (3,10): | 109.01 | |
| Zig ZAG (10): | 115.50 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 93.95 | |
| TEMA (21): | 116.51 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 10.68 | |
| Repulse (5,40,3): | 2.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5400 | |
| Courbe Coppock: | 18.83 |
| MA7: | 114.39 | |
| MA20: | 109.24 | |
| MA50: | 102.16 | |
| MA100: | 98.33 | |
| MAexp7: | 113.90 | |
| MAexp20: | 109.72 | |
| MAexp50: | 104.15 | |
| MAexp100: | 101.24 | |
| Price / MA7: | +0.87% | |
| Price / MA20: | +5.62% | |
| Price / MA50: | +12.94% | |
| Price / MA100: | +17.34% | |
| Price / MAexp7: | +1.30% | |
| Price / MAexp20: | +5.16% | |
| Price / MAexp50: | +10.78% | |
| Price / MAexp100: | +13.97% |
This member declared not having a position on this financial instrument or a related financial instrument.
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