SAP SE ADS - Daily - Technical analysis published on 10/09/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 116.59 USD
My targets
110.37 USD (-2.24%)
106.64 USD (-5.54%)
My analysis
SAP SE ADS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 116.59 USD. The next support located at 110.37 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 106.64 USD. Below this support, sellers could then target 101.86 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
8.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SAP SE ADS rating 112.90 USD. The price registered a decrease of -1.42% on the session and was traded between 112.80 USD and 114.44 USD over the period. The price is currently at +0.09% from its lowest and -1.35% from its highest.112.80
114.44
112.90
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of SAP SE ADS indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of triangle
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 101.86 | 106.64 | 110.37 | 112.90 | 116.59 | 123.10 | 126.61 |
| Change (%) | -9.78% | -5.54% | -2.24% | - | +3.27% | +9.03% | +12.14% |
| Change | -11.04 | -6.26 | -2.53 | - | +3.69 | +10.20 | +13.71 |
| Level | Intermediate | Major | Minor | - | 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 | 113.07 | 113.57 | 114.05 | 114.55 | 115.03 | 115.53 | 116.01 |
| Camarilla | 114.26 | 114.35 | 114.44 | 114.53 | 114.62 | 114.71 | 114.80 |
| Woodie | 113.06 | 113.57 | 114.04 | 114.55 | 115.02 | 115.53 | 116.00 |
| Fibonacci | 113.57 | 113.94 | 114.18 | 114.55 | 114.92 | 115.16 | 115.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.28 | 110.08 | 112.73 | 115.53 | 118.18 | 120.98 | 123.63 |
| Camarilla | 113.87 | 114.37 | 114.87 | 115.37 | 115.87 | 116.37 | 116.87 |
| Woodie | 107.20 | 110.04 | 112.65 | 115.49 | 118.10 | 120.94 | 123.55 |
| Fibonacci | 110.08 | 112.17 | 113.45 | 115.53 | 117.62 | 118.90 | 120.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.54 | 111.90 | 114.88 | 119.24 | 122.22 | 126.58 | 129.56 |
| Camarilla | 115.85 | 116.52 | 117.20 | 117.87 | 118.54 | 119.22 | 119.89 |
| Woodie | 106.86 | 111.56 | 114.20 | 118.90 | 121.54 | 126.24 | 128.88 |
| Fibonacci | 111.90 | 114.70 | 116.43 | 119.24 | 122.04 | 123.77 | 126.58 |
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): | 33.38 | |
| MACD (12,26,9): | -1.6900 | |
| Directional Movement: | -18.23 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 115.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 117.90 | |
| Elder Ray (13): | -2.55 | |
| Super Trend (3,10): | 119.24 | |
| Zig ZAG (10): | 112.90 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 17.70 | |
| TEMA (21): | 114.51 | |
| Williams %R (14): | -98.76 | |
| Chande Momentum Oscillator (20): | -6.50 | |
| Repulse (5,40,3): | -0.7400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 7.45 |
| MA7: | 115.23 | |
| MA20: | 117.64 | |
| MA50: | 119.06 | |
| MA100: | 124.82 | |
| MAexp7: | 115.03 | |
| MAexp20: | 117.07 | |
| MAexp50: | 119.71 | |
| MAexp100: | 120.83 | |
| Price / MA7: | -2.02% | |
| Price / MA20: | -4.03% | |
| Price / MA50: | -5.17% | |
| Price / MA100: | -9.55% | |
| Price / MAexp7: | -1.85% | |
| Price / MAexp20: | -3.56% | |
| Price / MAexp50: | -5.69% | |
| Price / MAexp100: | -6.56% |
This member declared not having a position on this financial instrument or a related financial instrument.
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