Outrageous Predictions
Executive Summary: Outrageous Predictions 2026
Saxo Group
Read Saxo's Outrageous Predictions for 2026, our latest batch of low probability, but high impact ev...
You can access both of our platforms from a single Saxo account.
Technical Update - Will Siemens Energy close the week above support? Vestas Wind & Nordex testing key supports
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Summary: Profit warning from Siemens Energy sending share price down with 30% is also affecting Vestas Wind and Nordex, although fairly mildly.
Vestas Wind and Nordex stocks are finding buyers above key support levels whereas Siemens Energy share price is likely to be depressed for quite some time.
Today's closing price could be crucial to Siemens stock
Siemens Energy is being hit hard after profit warning tis morning sending down the share price with approx. 30% to around the 0.618 retracement at 15.81 about 50 cent above support at around 14.54
Closing price today could be key since it is the last trading of the week. RSI is at the time of writing below 40 threshold i.e., in negative sentiment but if buyers can lift the stock so RSI closes above 40 we are likely to see a rebound in Siemens Energy next week. Otherwise the selling pressure could continue.
Volume is extremely high but selling pressure could exhaust above the 14.54 support.
Short-term. Fluctuating around the 0.618 retracement Siemens Energy is a bit oversold with RSI below 20. But the share price can still drop to test the support at around 14.54.
If the share price can crawl back above the 200 daily Moving Average and resistance at 18.15 it could give energy to a rebound to 20-21.
An RSI close above its falling trendline could be first indication of that scenario to play out.
Vestas Wind share price is affected by the Siemens Energy troubles. Currently below 200 daily Moving Average just above key support at around 179.70. A close below could lead to further selling down to around 167.
RSI is negative indicating lower levels but volume is quite light meaning the sellers are not in high numbers.
Medium-term Vestas is range bound between 178 and 215.50. Weekly RSI is still showing positive sentiment indicating the share price could rebound form support towards the upper end of the range.
For Vestas to confirm an uptrend a close above 200 is needed but to break medium-term sideways range a clsoe above 215. If that scenario plays out there is potential to around 275-285.
Nordex AG was also hit this morning but has recovered from support around 10EUR. Very short-term Nordex is in a downtrend but in the short- to medium term seems more range bound between 10 and 12 EUR. Break is from this range is needed for direction.
If a close below 10 selling pressure could take Nordex down to around 9.
A close above 12 could pave the road to 13.50 area. First indication of that scenario to play out would be a close above the very short-term falling trend that could lead to a test of the upper range around 12.
Daily RSI is negative but sellers have not been successful in pushing the share price lower.
Weekly RSI is still showing positive sentiment indicating break out is likely to be to the upside. Support at around 10 EUR is the key.
Author of this articel is holding a position in all three companies
Latest Market Insights
Outrageous Predictions 2026
-
-
Outrageous Predictions
A Fortune 500 company names an AI model as CEO
Charu Chanana
Chief Investment Strategist
Can AI be trusted to take over in the boardroom? With the right algorithms and balanced human oversi... -
Outrageous Predictions
Despite concerns, U.S. 2026 mid-term elections proceed smoothly
John J. Hardy
Global Head of Macro Strategy
In spite of outstanding threats to the American democratic process, the US midterms come and go cord... -
Outrageous Predictions
Dollar dominance challenged by Beijing’s golden yuan
Charu Chanana
Chief Investment Strategist
Beijing does an end-run around the US dollar, setting up a framework for settling trade in a neutral... -
Outrageous Predictions
Obesity drugs for everyone – even for pets
Jacob Falkencrone
Global Head of Investment Strategy
The availability of GLP-1 drugs in pill form makes them ubiquitous, shrinking waistlines, even for p... -
Outrageous Predictions
Dumb AI triggers trillion-dollar clean-up
Jacob Falkencrone
Global Head of Investment Strategy
Agentic AI systems are deployed across all sectors, and after a solid start, mistakes trigger a tril... -
Outrageous Predictions
Quantum leap Q-Day arrives early, crashing crypto and destabilizing world finance
Neil Wilson
Investor Content Strategist
A quantum computer cracks today’s digital security, bringing enough chaos with it that Bitcoin crash... -
Outrageous Predictions
Taylor Swift-Kelce wedding spikes global growth
John J. Hardy
Global Head of Macro Strategy
Next year’s most anticipated wedding inspires Gen Z to drop the doomscrolling and dial up the real w... -
Outrageous Predictions
SpaceX announces an IPO, supercharging extraterrestrial markets
John J. Hardy
Global Head of Macro Strategy
Financial markets go into orbit, to the moon and beyond as SpaceX expands rocket launches by orders-... -
Outrageous Predictions
China unleashes CNY 50 trillion stimulus to reflate its economy
Charu Chanana
Chief Investment Strategist
Having created history’s most epic debt bubble, China boldly bets that fiscal stimulus to the tune o...