. SIEMENS AG TECHNICAL ANALYSIS, FORECAST AND TRADE SIGNALS

SIEMENS AG TECHNICAL ANALYSIS, FORECAST AND TRADE SIGNALS

08 Jun 2022

SIEMENS AG Technical Analysis: Weekly Chart

In the weekly charts, SIEMENS AG is trading in a down channel. SIEMENS AG is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 120.25 & the resistance level is at 127.94.

SIEMENS AG will trade in the down channel until there is trend reversal.

SIEMENS AG Technical Analysis: Daily Chart

In the daily charts, SIEMENS AG is trading in an up channel. SIEMENS AG is currently trading above 20 and 50 days SMA & below 100 days SMA.

RSI is in over bought zone which indicates mild bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 121.66 & the resistance level is at 127.27.

SIEMENS AG will trade in the up channel until there is trend reversal.   

How to Trade SIEMENS AG this Week:

SIEMENS AG will follow the uptrend until their trend reversal. So, remain bullish on SIEMENS AG.

TRADE SUGGESTION- BUY AT 124.43, TAKE PROFIT AT 127.27 AND STOP LOSS AT 121.66