SAP SE O.N. - 1H - Technical analysis published on 06/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 182.60 EUR
My targets
190.24 EUR (+2.52%)
My analysis
The bullish trend is currently very strong on SAP SE O.N.. As long as the price remains above the support at 182.60 EUR, you could try to benefit from the boom. The first bullish objective is located at 190.24 EUR. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SAP SE O.N. rating 185.56 EUR. The price registered an increase of +2.11% on the session and was between 183.98 EUR and 187.56 EUR. This implies that the price is at +0.86% from its lowest and at -1.07% from its highest.183.98
187.56
185.56
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SAP SE O.N.:
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 O.N. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 169.80 | 174.73 | 182.60 | 185.56 |
| Change (%) | -8.49% | -5.84% | -1.60% | - |
| Change | -15.76 | -10.83 | -2.96 | - |
| Level | Minor | Intermediate | Major | - |
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 | 174.92 | 176.28 | 179.00 | 180.36 | 183.08 | 184.44 | 187.16 |
| Camarilla | 180.60 | 180.97 | 181.35 | 181.72 | 182.09 | 182.47 | 182.84 |
| Woodie | 175.60 | 176.62 | 179.68 | 180.70 | 183.76 | 184.78 | 187.84 |
| Fibonacci | 176.28 | 177.84 | 178.80 | 180.36 | 181.92 | 182.88 | 184.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 169.90 | 172.30 | 176.68 | 179.08 | 183.46 | 185.86 | 190.24 |
| Camarilla | 179.20 | 179.82 | 180.44 | 181.06 | 181.68 | 182.30 | 182.93 |
| Woodie | 170.89 | 172.80 | 177.67 | 179.58 | 184.45 | 186.36 | 191.23 |
| Fibonacci | 172.30 | 174.89 | 176.49 | 179.08 | 181.67 | 183.27 | 185.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 142.98 | 154.12 | 160.04 | 171.18 | 177.10 | 188.24 | 194.16 |
| Camarilla | 161.27 | 162.83 | 164.40 | 165.96 | 167.52 | 169.09 | 170.65 |
| Woodie | 140.37 | 152.82 | 157.43 | 169.88 | 174.49 | 186.94 | 191.55 |
| Fibonacci | 154.12 | 160.64 | 164.66 | 171.18 | 177.70 | 181.72 | 188.24 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 69.77 | |
| MACD (12,26,9): | 1.8700 | |
| Directional Movement: | 24.49 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 184.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 182.69 | |
| Elder Ray (13): | 2.47 | |
| Super Trend (3,10): | 182.99 | |
| Zig ZAG (10): | 185.72 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 85.28 | |
| TEMA (21): | 185.80 | |
| Williams %R (14): | -18.95 | |
| Chande Momentum Oscillator (20): | 6.80 | |
| Repulse (5,40,3): | -0.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 6.50 |
| MA7: | 179.98 | |
| MA20: | 176.00 | |
| MA50: | 175.11 | |
| MA100: | 173.82 | |
| MAexp7: | 184.92 | |
| MAexp20: | 182.47 | |
| MAexp50: | 180.30 | |
| MAexp100: | 178.83 | |
| Price / MA7: | +3.10% | |
| Price / MA20: | +5.43% | |
| Price / MA50: | +5.97% | |
| Price / MA100: | +6.75% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +1.69% | |
| Price / MAexp50: | +2.92% | |
| Price / MAexp100: | +3.76% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The last news published on SAP SE O.N. at the time of the generation of this analysis was as follows:
- Genpact Ranked a Leader in SAP Business Application Services by Everest Group
- Bain & Company Now Runs SAP S/4HANA Cloud Public Edition in 40 Countries
- Dispatch Drives Customer Growth Through API Integration With SAP
- SAP Enters into Agreement to Acquire WalkMe, Driving Business Transformation by Enhancing the Customer Experience and Enriching SAP Business AI Offerings
- Docusign Introduces New Connector for SAP Ariba Solutions at SAP Sapphire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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