Siemens AG : Comeback of a rising trend ?
Entry price | Target | Stop-loss | Potential |
---|
€110.85 |
€120.35 |
€108.6 |
+8.57% |
---|
The timing from a technical point of view appears attractive to go long in shares of Siemens and to anticipate a trend reversal.
Strengths● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 101.05 EUR in weekly data.
● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 108.6 support.
● The company is one of the best yield companies with high dividend expectations.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
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