Siemens AG : Close to a key level on the weekly chart
Entry price | Target | Stop-loss | Potential |
---|
€101.42 |
€108 |
€99.4 |
+6.49% |
---|
The decline over the past weeks has brought the price of Siemens shares back to an important technical support level at 99.76 EUR. This represents an opportunity to take advantage of these prices levels.
Strengths● The share is getting closer to its long-term support in weekly data, at EUR 99.76, which offers good timing for buyers.
● The close medium term support offers good timing for purchasing the stock.
● This company will be of major interest to investors in search of a high dividend stock.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses● According to forecast, a sluggish sales growth is expected for the next fiscal years.
● The group usually releases earnings worse than estimated.
● The underlying tendency is negative on the weekly chart below the resistance at 110.34 EUR
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