{"id":355351,"date":"2013-02-27T09:55:24","date_gmt":"2013-02-27T04:25:24","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=355351"},"modified":"2013-02-27T10:03:50","modified_gmt":"2013-02-27T04:33:50","slug":"analysis-siemens","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/02\/27\/analysis-siemens\/","title":{"rendered":"Analysis: SIEMENS"},"content":{"rendered":"

Today\u2019s pick is SIEMENS [stockquote]SIEMENS[\/stockquote]. The stock saw a double top at the beginning of the year, to start its descent to Rs. 650 levels. It then was range bound between Rs. 650 \u2013 Rs. 750 for June to January. In January it saw a bearish breakout of the range, and has since been headed south. In the last three months, the stock moved -22%<\/strong><\/b> vs. -2% of the Nifty\u2019s.<\/p>\n

\"SIEMENS<\/a><\/p>\n

Oscillator RSI<\/a> and CMO<\/a> are deep into over-sold territory. The stock is trading in the lower edge of a very broad Bollinger band<\/a>.<\/p>\n

The MACD<\/a> line and signal line are moving parallel to each other without giving any directional bias. Also, Long-term and short-term GMMA<\/a> lines are currently inverted and expanding giving a bearish<\/b> bias for the stock.<\/p>\n

\"SIEMENS<\/a><\/p>\n

SIEMENS\u2019s average correlation<\/a> with the Nifty<\/a> is 0.58<\/b> which is positive and strong<\/b>. The scrip will be replicating movement of Nifty. [stockquote]NIFTYBEES[\/stockquote]<\/p>\n

\"SIEMENS<\/a><\/p>\n

SIEMENS has a historical volatility<\/a> in the range of 0.2 to 0.5. The scrip\u2019s volatility is currently in the lower end of the range.<\/p>\n

Given these technicals, we suggest a short-term Buy <\/b>and a long-term Sell<\/b>.\u00a0However, as\u00a0the scrip is deep in over-sold territory, I suspect that a move back is in waiting\u00a0for the short-term.<\/p>\n

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