SAP SE ADS

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SAP
ISIN:

SAP SE ADS - Daily - Technical analysis published on 06/12/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 185.45 USD

My targets

205.52 USD (+4.19%)

214.05 USD (+8.51%)

My analysis

SAP SE ADS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 185.45 USD. The next resistance located at 205.52 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 214.05 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SAP SE ADS rating 197.26 USD. The price registered an increase of +4.51% on the session and was between 194.90 USD and 197.43 USD. This implies that the price is at +1.21% from its lowest and at -0.09% from its highest.

194.90

197.43

197.26

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SAP SE ADS in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	160.45	173.59	194.64	197.26
Change (%)	-18.66%	-12.00%	-1.33%	-
Change	-36.81	-23.67	-2.62	-
Level	Major	Major	Major	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	183.76	185.08	186.91	188.23	190.06	191.38	193.21
Camarilla	187.87	188.16	188.45	188.74	189.03	189.32	189.61
Woodie	184.02	185.21	187.17	188.36	190.32	191.51	193.47
Fibonacci	185.08	186.28	187.03	188.23	189.43	190.18	191.38

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	171.17	176.51	183.80	189.14	196.43	201.77	209.06
Camarilla	187.63	188.79	189.94	191.10	192.26	193.42	194.57
Woodie	172.16	177.00	184.79	189.63	197.42	202.26	210.05
Fibonacci	176.51	181.33	184.31	189.14	193.96	196.94	201.77

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	153.84	165.38	173.91	185.45	193.98	205.52	214.05
Camarilla	176.92	178.76	180.60	182.44	184.28	186.12	187.96
Woodie	152.34	164.63	172.41	184.70	192.48	204.77	212.55
Fibonacci	165.38	173.05	177.78	185.45	193.12	197.85	205.52

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	61.64
MACD (12,26,9):	1.2900
Directional Movement:	12.64
AROON (14):	57.14
DEMA (21):	191.11
Parabolic SAR (0,02-0,02-0,2):	180.60
Elder Ray (13):	6.03
Super Trend (3,10):	184.46
Zig ZAG (10):	196.89
VORTEX (21):	0.9400
Stochastique (14,3,5):	70.51
TEMA (21):	191.40
Williams %R (14):	-2.84
Chande Momentum Oscillator (20):	1.54
Repulse (5,40,3):	2.2400
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	2.84

MA7:	190.44
MA20:	190.53
MA50:	186.05
MA100:	184.00
MAexp7:	191.16
MAexp20:	189.47
MAexp50:	186.90
MAexp100:	180.68
Price / MA7:	+3.58%
Price / MA20:	+3.53%
Price / MA50:	+6.03%
Price / MA100:	+7.21%
Price / MAexp7:	+3.19%
Price / MAexp20:	+4.11%
Price / MAexp50:	+5.54%
Price / MAexp100:	+9.18%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on SAP SE ADS at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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