SAP SE O.N. - Daily - Technical analysis published on 09/01/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 88.26 EUR
My targets
77.17 EUR (-8.69%)
70.47 EUR (-16.63%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SAP SE O.N. as long as the price remains well below 88.26 EUR. The sellers' bearish objective is set at 77.17 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 70.47 EUR. In case of crossing, the next objective would be the support located at 47.67 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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
SAP SE O.N. rating 84.52 EUR. On the day, this instrument lost -0.49% and was traded between 84.09 EUR and 84.90 EUR over the period. The price is currently at +0.51% from its lowest and -0.45% from its highest.84.09
84.90
84.52
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SAP SE O.N. in Daily shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of triangle 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 | 20.13 | 34.91 | 47.67 | 84.52 | 84.94 | 88.26 | 94.42 |
| Change (%) | -76.18% | -58.70% | -43.60% | - | +0.50% | +4.42% | +11.71% |
| Change | -64.39 | -49.61 | -36.85 | - | +0.42 | +3.74 | +9.90 |
| Level | Minor | Minor | Major | - | 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 | 83.06 | 83.93 | 84.43 | 85.30 | 85.80 | 86.67 | 87.17 |
| Camarilla | 84.56 | 84.69 | 84.81 | 84.94 | 85.07 | 85.19 | 85.32 |
| Woodie | 82.89 | 83.84 | 84.26 | 85.21 | 85.63 | 86.58 | 87.00 |
| Fibonacci | 83.93 | 84.45 | 84.77 | 85.30 | 85.82 | 86.14 | 86.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.85 | 80.92 | 83.11 | 87.18 | 89.37 | 93.44 | 95.63 |
| Camarilla | 83.57 | 84.14 | 84.72 | 85.29 | 85.86 | 86.44 | 87.01 |
| Woodie | 75.90 | 80.45 | 82.16 | 86.71 | 88.42 | 92.97 | 94.68 |
| Fibonacci | 80.92 | 83.32 | 84.79 | 87.18 | 89.58 | 91.05 | 93.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.47 | 77.17 | 81.06 | 87.76 | 91.65 | 98.35 | 102.24 |
| Camarilla | 82.03 | 83.00 | 83.97 | 84.94 | 85.91 | 86.88 | 87.85 |
| Woodie | 69.06 | 76.47 | 79.65 | 87.06 | 90.24 | 97.65 | 100.83 |
| Fibonacci | 77.17 | 81.22 | 83.72 | 87.76 | 91.81 | 94.31 | 98.35 |
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): | 32.42 | |
| MACD (12,26,9): | -1.5600 | |
| Directional Movement: | -14.53 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 86.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 89.40 | |
| Elder Ray (13): | -2.78 | |
| Super Trend (3,10): | 89.69 | |
| Zig ZAG (10): | 84.55 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 7.89 | |
| TEMA (21): | 85.07 | |
| Williams %R (14): | -93.81 | |
| Chande Momentum Oscillator (20): | -8.07 | |
| Repulse (5,40,3): | -1.9100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 14.76 |
| MA7: | 85.72 | |
| MA20: | 89.68 | |
| MA50: | 89.33 | |
| MA100: | 90.73 | |
| MAexp7: | 85.83 | |
| MAexp20: | 88.20 | |
| MAexp50: | 89.60 | |
| MAexp100: | 92.17 | |
| Price / MA7: | -1.40% | |
| Price / MA20: | -5.75% | |
| Price / MA50: | -5.38% | |
| Price / MA100: | -6.84% | |
| Price / MAexp7: | -1.53% | |
| Price / MAexp20: | -4.17% | |
| Price / MAexp50: | -5.67% | |
| Price / MAexp100: | -8.30% |
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:
- Report: Third-party Support Helps SAP Customers Get Control of Their ERP Strategy and Associated Costs
- SAP Announces Dominik Asam as New CFO
- NTT DATA acquires a stake in the Natuvion Group and expands its SAP S/4HANA transformation expertise
- Accenture Named a Leader in SAP Implementation Services by IDC MarketScape
- Accenture Named a Leader in 2022 Gartner® Magic Quadrant™ for SAP S/4HANA® Application Services for the Fourth Year
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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