Siemens stock gains 0.5% after bullish breakout on digital unit strength
Siemens is making strategic investments in expanding its e-mobility solutions
As of May 20, Siemens AG (XETRA: SIE.DE) is trading at €223, reflecting a 0.5% increase over the past 24 hours. This uptick builds on the stock’s recent bullish momentum, as it has decisively broken through the critical €220 resistance level.
Highlights
• Siemens shares are trading at €223 after breaking above key resistance, signaling continued bullish momentum.
• Strong earnings and growth in digital and e-mobility segments are reinforcing investor confidence.
• The stock is expected to test €230 soon, with support at €210.
The technical indicators support this outlook. Siemens' 50-day moving average (MA) currently stands at €210.37, well above the 200-day MA of €192.67. The positive alignment of short- and long-term moving averages confirms a sustained uptrend. The stock is comfortably above both metrics, indicating that bullish sentiment has been strong over the past few months. The moving averages have also been trending upward consistently, which reflects sustained accumulation and increasing market interest.
Meanwhile, the Relative Strength Index (RSI) is approaching 68, just below the overbought threshold of 70. While this may point to a potential short-term consolidation, it also underlines the strong buying pressure that has driven Siemens' shares higher. Importantly, volume on up days has outpaced that on down days, another classic sign of bullish conviction.
Siemens stock price dynamics (March 2025 - May 2025). Source: Yahoo Finance.
Immediate support is now seen at €210, a level that was formerly a key resistance and has now been converted to support following the breakout. Should prices retrace, this level will be watched closely for signs of resilience. On the upside, the next major resistance is located at €230. A clear break above that mark would open the path toward the 52-week high of €244.85, a level that has not been revisited since mid-2023.
Market context: earnings strength and strategic positioning
Fundamentally, Siemens is on strong footing. For fiscal year 2024, the company reported a net income of €8.99 billion on revenues of €75.93 billion, representing healthy year-over-year growth. The operating margin stands at 11.25%, and the return on equity is a solid 14.07%, both of which suggest operational efficiency and good capital utilization.
Analysts expect Siemens to post earnings per share of €10.99 in 2025, reflecting optimism about the company’s core business performance. Siemens' continued pivot toward high-margin digital industries and smart infrastructure is playing a crucial role in shaping this outlook. The Digital Industries division, which includes automation and industrial software, continues to post double-digit growth, benefiting from increasing demand for factory digitization and industrial AI integration.
In addition, Siemens is making strategic investments in expanding its e-mobility solutions and has recently acquired several smaller players in the EV charging and energy management space. These initiatives not only diversify revenue streams but also align Siemens with long-term global sustainability trends. Furthermore, geopolitical shifts encouraging energy independence in Europe have played into Siemens' hands, as the company remains a major player in energy-efficient infrastructure and electrification projects across the continent.
Targeting €230 in the near term
With technical indicators flashing bullish signals and strong fundamentals to back them, Siemens stock appears well-positioned to continue its upward move. In the near term, the price is expected to test the €230 resistance level. A successful breakout above this level would likely attract further momentum traders and institutional buyers, potentially driving the price toward the €244.85 region, which marks the 52-week high.
On the downside, investors should keep an eye on the €210 level, which now serves as key support. A break below that could indicate the end of the current bullish cycle and might prompt a reassessment of short-term positioning. However, barring any negative earnings surprises or macro shocks, the likelihood remains tilted toward further upside.
Siemens' €2 billion global investment plan, announced in June 2023, highlights its strategic focus on expanding manufacturing and advancing technology. These efforts reinforce its competitiveness in key growth areas like automation and sustainability.
