SAP SE O.N.

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SAP
ISIN:	DE0007164600

SAP SE O.N. - Daily - Technical analysis published on 12/20/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

56%

33%

My opinion

Bullish above 136.82 EUR

My targets

148.18 EUR (+5.39%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 136.82 EUR remains possible. It is advisable to trade SAP SE O.N. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 136.82 EUR. The next bullish objective for buyers is set at 148.18 EUR. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 136.82 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.

Force

1.1

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.

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Additional analysis

Quotes

The SAP SE O.N. price is 140.60 EUR. The price registered a decrease of -0.47% on the session and was traded between 139.62 EUR and 141.04 EUR over the period. The price is currently at +0.70% from its lowest and -0.31% from its highest.

139.62

141.04

140.60

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SAP SE O.N.:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of SAP SE O.N. in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	121.00	126.17	136.82	140.60	148.18
Change (%)	-13.94%	-10.26%	-2.69%	-	+5.39%
Change	-19.60	-14.43	-3.78	-	+7.58
Level	Major	Major	Major	-	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	138.89	139.99	140.63	141.73	142.37	143.47	144.11
Camarilla	140.78	140.94	141.10	141.26	141.42	141.58	141.74
Woodie	138.65	139.88	140.39	141.62	142.13	143.36	143.87
Fibonacci	139.99	140.66	141.07	141.73	142.40	142.81	143.47

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	131.01	135.91	138.69	143.59	146.37	151.27	154.05
Camarilla	139.37	140.07	140.78	141.48	142.18	142.89	143.59
Woodie	129.96	135.38	137.64	143.06	145.32	150.74	153.00
Fibonacci	135.91	138.84	140.65	143.59	146.52	148.33	151.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	111.66	118.88	132.18	139.40	152.70	159.92	173.22
Camarilla	139.84	141.72	143.60	145.48	147.36	149.24	151.12
Woodie	114.70	120.40	135.22	140.92	155.74	161.44	176.26
Fibonacci	118.88	126.72	131.56	139.40	147.24	152.08	159.92

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	46.66
MACD (12,26,9):	1.5500
Directional Movement:	0.11
AROON (14):	-71.43
DEMA (21):	145.46
Parabolic SAR (0,02-0,02-0,2):	146.36
Elder Ray (13):	-2.89
Super Trend (3,10):	146.80
Zig ZAG (10):	140.60
VORTEX (21):	0.9800
Stochastique (14,3,5):	7.19
TEMA (21):	143.81
Williams %R (14):	-89.68
Chande Momentum Oscillator (20):	-5.72
Repulse (5,40,3):	-1.5400
ROCnROLL:	-1
TRIX (15,9):	0.3200
Courbe Coppock:	1.20

MA7:	142.98
MA20:	144.43
MA50:	135.70
MA100:	130.57
MAexp7:	142.51
MAexp20:	142.63
MAexp50:	137.74
MAexp100:	132.41
Price / MA7:	-1.66%
Price / MA20:	-2.65%
Price / MA50:	+3.61%
Price / MA100:	+7.68%
Price / MAexp7:	-1.34%
Price / MAexp20:	-1.42%
Price / MAexp50:	+2.08%
Price / MAexp100:	+6.19%

Quotes : - 15 min delayed data - Germany Stocks

News

The latest news and videos published on SAP SE O.N. at the time of the analysis were as follows:

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

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