Siemens stock rebounds after testing long-term support—what's next?
Siemens Stock Bounces Off Key Uptrend Line After Weak Start to Trading Week
Siemens shares opened the new trading week with extreme weakness, but found support near the uptrend line that has held since 2022. From that level, the stock is now staging a dynamic recovery—a technical rebound following the losses of recent weeks.
Buyers Push Back
For now, we are only seeing an exaggerated pullback to the last breakout zone at €215–217. Whether this marks the beginning of a broader upward reversal remains uncertain. A sustained move above €221 could pave the way for further recovery toward the critical resistance at €230–235. Strong buy signals would only emerge if the stock climbs above €235.
On the downside, a decisive drop below €198 would be highly concerning, potentially triggering a major long-term sell signal for Siemens. The first significant support zone in that case would lie at €173–175.
Conclusion: Today's bullish reversal confirms the lower boundary of the multi-year uptrend channel. In an optimistic scenario, this could spark a larger rally. However, since the stock has yet to reclaim the last breakout level, a bearish outcome cannot be ruled out. New yearly lows—and a break of the uptrend channel—would send strong bearish signals. At this stage, I do not favor one scenario over the other.
