The recent downturn has taken Siemens shares close to a medium term support level around 124.5 EUR. The timing for a long trade in the stock appears good. Investors have an opportunity to buy the stock and target the € 133.2.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.
Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 124.5 support.
The company is one of the best yield companies with high dividend expectations.
Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
Analysts covering this company mostly recommend stock overweighting or purchase.
The stock is in a well-established, long-term rising trend above the technical support level at 108.15 EUR
The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
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