Siemens Energy – Technically Negative in the Medium TermSiemens Energy AGXETR_DLY:ENRscorpirisSiemens Energy has broken down from an uptrend and has also marginally broken down from a head-and-shoulders formation (H&S). However, the price has recovered following the H&S formation, at least for now. The price is below a red Ichimoku cloud, and RSI 21 is declining. The 50-day MA is crossing below the 100-day MA, and both are declining around 20 July. The stock appears to be technically negative in the medium term, with a time horizon of 1 to 6 months. Fundamental analysts are predominantly positive on the stock. Operating cash flow has been increasing steadily over the past three years. However, the P/E ratio is slightly above 50. I have decided to sell the stock at a small loss.