SAP SE O.N. - 1H - Technical analysis published on 09/18/2020 (GMT)
- 361
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 137.74 EUR
My targets
134.73 EUR (-0.77%)
133.12 EUR (-1.96%)
My analysis
In the short term, we can see an acceleration in the bearish trend on SAP SE O.N., which is a positive signal for sellers. As long as the price remains above 137.74 EUR, a sale could be considered. The first bearish objective is located at 134.73 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 133.12 EUR as an objective. Crossing it would then enable sellers to target 131.88 EUR. If the price were to return above 137.74 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.9
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SAP SE O.N. price is 135.78 EUR. On the day, this instrument gained +0.19% with the lowest point at 135.06 EUR and the highest point at 138.12 EUR. The deviation from the price is +0.53% for the low point and -1.69% for the high point.135.06
138.12
135.78
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
Technical
A technical analysis in 1H of this SAP SE O.N. chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 131.88 | 133.12 | 134.73 | 135.78 | 136.34 | 137.74 | 140.60 |
| Change (%) | -2.87% | -1.96% | -0.77% | - | +0.41% | +1.44% | +3.55% |
| Change | -3.90 | -2.66 | -1.05 | - | +0.56 | +1.96 | +4.82 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Minor |
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 | 130.40 | 131.76 | 133.64 | 135.00 | 136.88 | 138.24 | 140.12 |
| Camarilla | 134.63 | 134.93 | 135.22 | 135.52 | 135.82 | 136.11 | 136.41 |
| Woodie | 130.66 | 131.89 | 133.90 | 135.13 | 137.14 | 138.37 | 140.38 |
| Fibonacci | 131.76 | 133.00 | 133.76 | 135.00 | 136.24 | 137.00 | 138.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 125.49 | 128.69 | 132.09 | 135.29 | 138.69 | 141.89 | 145.29 |
| Camarilla | 133.69 | 134.29 | 134.90 | 135.50 | 136.11 | 136.71 | 137.32 |
| Woodie | 125.60 | 128.74 | 132.20 | 135.34 | 138.80 | 141.94 | 145.40 |
| Fibonacci | 128.69 | 131.21 | 132.77 | 135.29 | 137.81 | 139.37 | 141.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 124.45 | 129.11 | 133.57 | 138.23 | 142.69 | 147.35 | 151.81 |
| Camarilla | 135.53 | 136.37 | 137.20 | 138.04 | 138.88 | 139.71 | 140.55 |
| Woodie | 124.36 | 129.06 | 133.48 | 138.18 | 142.60 | 147.30 | 151.72 |
| Fibonacci | 129.11 | 132.59 | 134.74 | 138.23 | 141.71 | 143.86 | 147.35 |
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): | 46.31 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | -4.81 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 136.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 138.12 | |
| Elder Ray (13): | -0.27 | |
| Super Trend (3,10): | 134.77 | |
| Zig ZAG (10): | 135.96 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 59.74 | |
| TEMA (21): | 136.83 | |
| Williams %R (14): | -65.03 | |
| Chande Momentum Oscillator (20): | 0.64 | |
| Repulse (5,40,3): | -1.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.05 |
| MA7: | 135.68 | |
| MA20: | 137.31 | |
| MA50: | 137.09 | |
| MA100: | 126.88 | |
| MAexp7: | 136.65 | |
| MAexp20: | 136.31 | |
| MAexp50: | 136.09 | |
| MAexp100: | 136.37 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -1.11% | |
| Price / MA50: | -0.96% | |
| Price / MA100: | +7.01% | |
| Price / MAexp7: | -0.64% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.43% |
Quotes :
2020-09-18 14:58:42
-
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:
- SAP Investor Presentation
- SAP Supervisory Board Appoints Sabine Bendiek as New Executive Board Member to Lead Human Resources and Operations
- Global Organizations Continue to Select SAP® SuccessFactors® Solutions to Modernize Human Resources
- Leading Companies Accelerate Digitalization of Procurement and External Workforce Management with SAP® Solutions
- SAP Resilient Amid COVID-19 Crisis; Sharp Increase in Operating and Free Cash Flow
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis SAP SE O.N. - 1H