SAP SE O.N. - 1H - Technical analysis published on 12/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
56%
28%
My opinion
Bearish under 242.00 EUR
My targets
233.90 EUR (-2.34%)
227.65 EUR (-4.95%)
My analysis
The strong short-term decrease of SAP SE O.N. should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 242.00 EUR, a sale could be considered. The first bearish objective is located at 233.90 EUR. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 227.65 EUR. If there is any crossing, the next objective would be support 220.15 EUR. Caution, if there is a return to above 242.00 EUR, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SAP SE O.N. rating is 239.50 EUR. The price registered a decrease of -0.48% on the session and was between 238.40 EUR and 241.05 EUR. This implies that the price is at +0.46% from its lowest and at -0.64% from its highest.238.40
241.05
239.50
Here is a more detailed summary of the historical variations registered by SAP SE O.N.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SAP SE O.N. chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 227.65 | 233.90 | 238.75 | 239.50 | 242.00 |
| Change (%) | -4.95% | -2.34% | -0.31% | - | +1.04% |
| Change | -11.85 | -5.60 | -0.75 | - | +2.50 |
| Level | Intermediate | Minor | Minor | - | 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 | 233.45 | 235.35 | 238.00 | 239.90 | 242.55 | 244.45 | 247.10 |
| Camarilla | 239.40 | 239.82 | 240.23 | 240.65 | 241.07 | 241.48 | 241.90 |
| Woodie | 233.83 | 235.54 | 238.38 | 240.09 | 242.93 | 244.64 | 247.48 |
| Fibonacci | 235.35 | 237.09 | 238.16 | 239.90 | 241.64 | 242.71 | 244.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 226.00 | 229.95 | 235.50 | 239.45 | 245.00 | 248.95 | 254.50 |
| Camarilla | 238.44 | 239.31 | 240.18 | 241.05 | 241.92 | 242.79 | 243.66 |
| Woodie | 226.80 | 230.35 | 236.30 | 239.85 | 245.80 | 249.35 | 255.30 |
| Fibonacci | 229.95 | 233.58 | 235.82 | 239.45 | 243.08 | 245.32 | 248.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 200.67 | 206.63 | 215.77 | 221.73 | 230.87 | 236.83 | 245.97 |
| Camarilla | 220.75 | 222.13 | 223.52 | 224.90 | 226.28 | 227.67 | 229.05 |
| Woodie | 202.25 | 207.43 | 217.35 | 222.53 | 232.45 | 237.63 | 247.55 |
| Fibonacci | 206.63 | 212.40 | 215.97 | 221.73 | 227.50 | 231.07 | 236.83 |
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): | 45.88 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -8.98 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 240.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 241.05 | |
| Elder Ray (13): | -0.69 | |
| Super Trend (3,10): | 238.26 | |
| Zig ZAG (10): | 239.45 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 49.49 | |
| TEMA (21): | 239.96 | |
| Williams %R (14): | -69.12 | |
| Chande Momentum Oscillator (20): | -1.05 | |
| Repulse (5,40,3): | -0.2900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.53 |
| MA7: | 240.26 | |
| MA20: | 232.75 | |
| MA50: | 222.78 | |
| MA100: | 209.83 | |
| MAexp7: | 239.96 | |
| MAexp20: | 240.21 | |
| MAexp50: | 239.63 | |
| MAexp100: | 237.18 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | +2.90% | |
| Price / MA50: | +7.51% | |
| Price / MA100: | +14.14% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.30% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | +0.98% |
Quotes :
-
15 min delayed data
-
Germany Stocks
News
Don't forget to follow the news on SAP SE O.N.. At the time of publication of this analysis, the latest news was as follows:
- Fujitsu drives business process improvement at Mitsubishi Electric Engineering using SAP Signavio(R)
- Panaya and Tritusa Join Forces to Enhance SAP Testing in Australia
- Coveo expands partnership with SAP to deliver AI capabilities across CX channels from Commerce to Customer Service
- Fujitsu and SAP Fioneer enter partnership to accelerate digital transformation in the insurance industry and deliver services that contribute to customers' sustainable business
- REPLY: Reply Recognized in SAP Services Landscape Report
This member declared not having a position on this financial instrument or a related financial instrument.
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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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