Siemens Energy bullishSiemens Energy seems to be in wave 3 of 5 and should continue the bullish trend till summer 2025
RSI and price action support lines added
ENR trade ideas
ENR halfway to partial recovery, mid-term, still time to runTo Mid and long term investors: (day traders, swingers, flippers and gamblers...this is not for your weak hearts)
The stock never really had meaningful reasons to devalue. Just rumors behind a solid company with plenty of assets and cashflow. Hard times with energy wars waging and still new plans for expansion are being drawn in Starnberger lake houses. Hopefully the full acquisition of GAMESA will clear the path to renewables, which are the future considering all the pledges to go carbon neutral by 2050. ENR has all in place to succeed in that war. and moreover it is also under Graham's value.
ENR Siemens Energy OversoldENR Siemens Energy (Xetra) is currently highly oversold, RSI is above 80, Bollinger Bands are constantly at the upper band - also we do hit now the SMA 200 and entered a support/resistance zone. In my opinion you may think about to create an Alert on this one. Dont forget that Germany is struggling with Energy and that this will continue as well for some time ...
Is Siemens Energy building a base? Looks like some kind of base, but we need a bullish breakout and price action to confirm the idea. For now price is still in the thin Kumo, but holding nicely above Kijun Sen.
It is very simple: it needs a break and close above 24.45, where we have the very important weekly Kijun Sen too. Set an alert there.
Long the green ponzi politicAfter 5 months of downtrend we are could forming a green doji on montly time frame:
As we can see that the bulls are buying 0.618 (22.52€) and lower.
Latest monthly candle goes below 0.618. Had high sell presure but it holding and closed above 0.618 fib retracement.
For me its more an entry point as an longterm investment. Anyway if you want to trade this setup then you should take profit at 26€ and around 30€ – 32€.
Buy zone: 23€ – 22.50€
Trading Idea - Siemens EnergyBUY
ENTRY: 24.42 EUR
TARGET: 30.00 EUR (+22% profit)
STOP: 22.18 EUR
Siemens Energy AG is active in energy technology. The company focuses on the planning, development, manufacture and delivery of products, systems and services in the field of renewable energies with a focus on wind turbines.
1.) W're hitting on the bottom of a strong support area (24.50 - 26.50)! A rejection is expected! Watch out for that!
2.) Target ist at 30.00 EUR which is the overall most traded price! The point of control! I expect a return to this level!
3.) Orders in the Gas & Power business and sales can still be expanded. However, the order-to-sales ratio was strong in Q1.
4.) The focus at Siemens Energy is clearly on margin recovery. In order to achieve this, the business must focus on increasing profitability. They can do it!
5.) The profitability of business activity is a major weakness of the company.
Siemens Energy about to breakout?Siemens energy (ticker ENR) has been through a recent decline, and you can take your pick from the formations but there are some observations of a reversal back up.
The inverse head and shoulders looks to have broken out on Jun 29th, then suffered a one day pullback before continuing up.
Today marks the price breakout of the double bottom also in this formation, with the orange line showing the peak in the double bottoms at around the 26.80 mark. You could also take the more recent peak of 26.31.
RSI is above 50, approaching 60 also indicating an upward move.
So with the inverse head and shoulders, confirmed by a double bottom breakout either way you slide it, and the RSI over the midpoint I'm inclined to take this trade if we're still at above 26.80 at the close. I'll have a a nearby stop in case I'm wrong.
SIEMENS ENERGY - prime example of technical analysis!Hello dear readers,
Today I have brought you SIEMENS ENERGY, a particularly exciting stock. Due to the low price history, it shows us in a perfect example what technical analysis can do!
First a few facts
Siemens Energy AG
Legal form: stock corporation
ISIN: DE000ENER6Y0
Incorporation: 1 April 2020
Headquarters: Munich, Germany
Management: Christian Bruch (CEO), Joe Kaeser (Chairman of the Supervisory Board)
Number of employees: approx. 92,000
Turnover: 27.5 billion euros
Sector: Electrical engineering, power engineering
Website: www.siemens-energy.com
Brief portrait
Siemens Energy AG is an electrical and power engineering company based in Munich. Its portfolio includes power generation, power transmission and industrial solutions in both conventional and renewable energy. The renewable energy activities are managed by the subsidiary Siemens Gamesa. Siemens Energy was created through a spin-off from Siemens AG. The shares of the new company have been traded on the stock exchange since 28 September 2020.
Chart assessment
The chart is wonderfully clean, the structure is undoubted and clear. A clear rally can be seen, followed by a correction, in which the share price currently finds itself. This gives us the perfect setting to apply technical analysis!
Basically, many people are currently thinking of buying into this share. But when and at what price? This is exactly where technical analysis can help by pointing out points of interest! In other words: Instead of simply entering somewhere, we use corresponding circumstances that can be determined by a clear set of rules and at which there is a higher probability that the price will react as we would like.
- The price is in a potential positive trend (confirmation by a new high is still missing).
- Currently the price is in a consolidation in the form of a bull flag . The trend lines of the bull flag are clean and clear on both the upper and lower side!
- The normal correction of this movement is at the Golden-Pocket at approx. 24 points.
And what does this bring us now?
Purely visually, a lot is already clear here! Does it make sense to buy on the off chance within a negative trend channel? Probably not, at least from my point of view! Instead, I want to determine points at which I expect the probabilities to shift in my favour! Since this chart is so wonderfully clean, the simple structure does not obstruct the view of the essentials. From this, exactly 2 possibilities can be derived for me!
The plan
1. the golden pocket, as support of the trend and starting point of the normal correction, is always a good choice. So if the price should run up to the zone around 24 points again, I will start building up my long-term long position here. In 99% of cases, the golden pocket is the only point where I am prepared to buy into a negative secondary trend.
2. classic: the break of the bull flag . This indicates a change in the market structure and an end to the correction. The break of a flag is a sign of departure. Of course, we also get false signals here, but such situations are quite accurate.
Price targets
- The possible price targets of a breakout cannot be determined precisely at present. For this it is necessary to first guess the low of this movement. Assuming that the correction would run here to the golden pocket, we are talking about a price target around 40 points. Updates on this topic will follow.
If you want to support my work please Like & Follow 🙏
Many greetings & success!
Chartdigger
Siemens Energy AG is a new member of German Stock Indexes #ENRToday is the day, the Dax gets another family member from the Siemens family. In addition to Infineon, we can now also find Siemens Energy AG in the Dax. This special occasion, as well as an article from a well-known trade journal (pages 32/33) awakened my focus for the Siemens Group. In addition to Siemens Energy, I would also like to take a close look at the Gemesa and Healthineerss chart in the future. Perhaps this will allow us to draw conclusions about the index. Besides, I have a special relationship with Siemens because I found the groundbreaking insight into my personal approach to monadenthoria in the Siemens Nixdorf Museum in Paderborn on a class excursion in my youth. It was an old mechanical calculating machine from Gottfried Wilhelm Leibniz which had shaped my life like nothing else. That would have been thought. After more than 20 years, I am all the more pleased to have "fresh material" in my daily Dax. Well, however...
What are they doing and who is that exactly?
Siemens Energy AG offers energy technology solutions. The company operates in two segments: Gas & Power and Siemens & Gamesa Renewable Energy. In addition to industrial applications for the oil and gas industry and for industrial process applications, the Gas & Power segment offers a wide range of products and services in the fields of power transmission and conventional centralized and decentralized power generation. The Siemens & Gamesa Renewable Energy segment focuses on the extraction, design, development, manufacture and supply of products, installation and technologically advanced services in the field of renewable energies with a focus on wind turbines. The company was founded on July 27, 2016 and is headquartered in Munich.
Chart technical:
We see a max Gartley who has developed an ABCD in his C-D axis. These patterns have already processed your regular attempts and formed a cypher formation. It should be noted, however, that the patterns still have the option of the 127 or 167 rebound. However, if the pink cypher pattern dictates the course, this could represent intra-level above its 127 pattern point C of a rising higher-level ABCD. 28.85 on a 4h basis would be rated as support, provided that we do not fall below this mark in the 4h closing price. Should this support break, one could consider the wolf marked in red as a further aid to interpretation. A ricochet on the ETA line (signal line of the wolf) would open falling price targets up to € 24.33 or even up to € 20.14 if they break. With a slight gray emphasis on the chart, the open gaps should not be disregarded either and should be valued. A higher-level ABCD, as well as the rebound127 of the Cypher, could trigger the wolf.
However, there is no clear entry-level setup at this level. Rather, the zones of the subordinate rebounds, which are located on the superordinate flag delimitation, are particularly interesting for a subordinate intraday analysis. Setups could arise there.
For a superordinate Elliott Wave Analysis the price history is still a bit short in the large time window. It can be assumed, however, that an impulse can be counted from the absolute low and that the price would like to move from the correction (4) to a 5. It should be noted that if the 5 occurs as a failed or short wave and forms a kind of double top, the course for a superordinate 2 may correct up to 99.9% of the previous wave 1! A bull flag also shows up in the daily time window:
Alternative scenario depth 2 as GAP close from a 4h time window. In the long term, in my opinion, this would be the healthier way via a may following Impulsive and Strong 3. For the group, this would probably even be the better and long-term profitable way in chat.
Here I would like to go into detail again on the harmonic patterns to be identified in the chart in order to simplify the complexity and present it in an easily understandable way. The coordinates can easily be traced with the TradingView tools.
The max Gartley is a special, modern form of the well-known Gartley pattern. The coordinates are as follows:
X-B 0.382-0.618
A-C 0.382-0.886
B-D 1.128-2.236
X-D 0.618-0.786
The AB = CD pattern is easy to recognize on the charts and consists of 2 equivalent price legs. It has specific Fibonacci measures for each point within its structure, which leaves room for flexible interpretation. The C point must go back to either 0.618 or 0.786 and the BC projection is either 1.27 or 1.618. If the BC projection and the AB = CD closure come close together and define a small area, the likelihood of a reversal increases.
The first target would be the 382 AD retracement and the second target would be the 618 AD retracement. A general stop level is located behind a structure level behind the D point. Conservative traders can look for additional confirmation before entering a trade, such as an aligning RSI or a specific candlestick pattern that indicates a reversal. TradingView has an intelligent ABCD pattern drawing tool that allows users to visually identify this pattern on a chart. There are several variations based on the fact that CD is an extension of AB, such as the 1.27 AB = CD or the 1.618 AB = CD pattern.
The cypher was discovered by Darren Oglesbee and while technically advanced pattern formation is often associated with and traded alongside harmonic patterns. It has specific Fibonacci measurements for each point within its structure. The B point retracement of the primary XA leg is between 0.382 and 0.618, the C point should be a 1.272 to 1.414 projection of the primary XA leg, and the D point should be a 0.786 retracement of XC. The first target would be the 382 retracement of the CD and the second target would be the 618 retracement of the CD. (pay attention to the right tool!)
Wolfe Waves are caused by the forces of supply and demand that exist in all markets and all time periods. They were originally discovered by Brian and Bill Wolfe. They form patterns made up of 5 waves, the first 4 defining a wedge and the last protruding beyond this wedge. This last wave is usually traded. With the help of the Wolfe wave principle we can calculate its length by drawing a line on the wedge between point 1 and point 4 and extending it in the direction of the outbreak of wave 5. It acts as a profit target line. The Wolfe Wave analysis technique can predict an Estimated Course on Arrival (EPA) and Estimated Time of Arrival (ETA).
The wave that precedes the fifth wave could cross the extended trendline of waves 1 through 3 before making a big move in the opposite direction. This is the ideal entry point to trade towards the profit target line. There are specific rules that define this naturally occurring pattern of trading. As with any trading method, there are several variants. Trades based on this system tend to have tight stops compared to the profit target, which results in good CRV's.
The formation of a further ABCD pattern would give the possibility to trigger the wolf in pattern point D. So far, however, this is only a conceptual option.
In concrete terms, however, this variant can be determined with the current chart situation. Combined with Elliot waves, this would mean a conclusion of wave 4, provided that the correction does not become a triple three combo. Another wave X would have to develop for this.
Finally, as with any promotion to a higher league, it remains exciting. It's nothing else than football. It could be a big flop, or it could be the story of the decade. In any case, it often turns out very differently than you think :)
Scientific contribution - no investment recommendation!
PS: I would be very happy about a like or kommi.
