SAP SE O.N. - 1H - Technical analysis published on 01/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 103.80 EUR
My targets
101.83 EUR (-0.79%)
96.18 EUR (-6.29%)
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 103.80 EUR. The sellers' bearish objective is set at 101.83 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 96.18 EUR. In case of crossing, the next objective would be the support located at 93.34 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
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SAP SE O.N. rating 102.64 EUR. The price registered a decrease of -3.12% on the session and was traded between 102.30 EUR and 105.30 EUR over the period. The price is currently at +0.33% from its lowest and -2.53% from its highest.102.30
105.30
102.64
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SAP SE O.N.:
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 sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Long black line
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 93.34 | 96.18 | 102.51 | 102.64 | 103.80 | 105.60 | 107.70 |
| Change (%) | -9.06% | -6.29% | -0.13% | - | +1.13% | +2.88% | +4.93% |
| Change | -9.30 | -6.46 | -0.13 | - | +1.16 | +2.96 | +5.06 |
| Level | Intermediate | Major | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.06 | 104.10 | 105.02 | 106.06 | 106.98 | 108.02 | 108.94 |
| Camarilla | 105.40 | 105.58 | 105.76 | 105.94 | 106.12 | 106.30 | 106.48 |
| Woodie | 103.00 | 104.07 | 104.96 | 106.03 | 106.92 | 107.99 | 108.88 |
| Fibonacci | 104.10 | 104.85 | 105.31 | 106.06 | 106.81 | 107.27 | 108.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.83 | 103.83 | 105.41 | 107.41 | 108.99 | 110.99 | 112.57 |
| Camarilla | 106.00 | 106.32 | 106.65 | 106.98 | 107.31 | 107.64 | 107.97 |
| Woodie | 101.61 | 103.73 | 105.19 | 107.31 | 108.77 | 110.89 | 112.35 |
| Fibonacci | 103.83 | 105.20 | 106.05 | 107.41 | 108.78 | 109.63 | 110.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.23 | 88.68 | 92.53 | 99.98 | 103.83 | 111.28 | 115.13 |
| Camarilla | 93.28 | 94.32 | 95.35 | 96.39 | 97.43 | 98.46 | 99.50 |
| Woodie | 79.44 | 87.78 | 90.74 | 99.08 | 102.04 | 110.38 | 113.34 |
| Fibonacci | 88.68 | 92.99 | 95.66 | 99.98 | 104.29 | 106.96 | 111.28 |
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): | 23.22 | |
| MACD (12,26,9): | -0.5400 | |
| Directional Movement: | -38.51 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 105.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 106.40 | |
| Elder Ray (13): | -1.88 | |
| Super Trend (3,10): | 106.30 | |
| Zig ZAG (10): | 103.10 | |
| VORTEX (21): | 0.6500 | |
| Stochastique (14,3,5): | 20.87 | |
| TEMA (21): | 105.02 | |
| Williams %R (14): | -84.86 | |
| Chande Momentum Oscillator (20): | -3.82 | |
| Repulse (5,40,3): | -1.9300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 2.33 |
| MA7: | 106.55 | |
| MA20: | 104.33 | |
| MA50: | 103.21 | |
| MA100: | 96.97 | |
| MAexp7: | 105.32 | |
| MAexp20: | 105.99 | |
| MAexp50: | 106.43 | |
| MAexp100: | 105.92 | |
| Price / MA7: | -3.67% | |
| Price / MA20: | -1.62% | |
| Price / MA50: | -0.55% | |
| Price / MA100: | +5.85% | |
| Price / MAexp7: | -2.54% | |
| Price / MAexp20: | -3.16% | |
| Price / MAexp50: | -3.56% | |
| Price / MAexp100: | -3.10% |
Quotes :
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15 min delayed data
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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 Announces Q4 and FY 2022 Results
- Tanita Switches to Rimini Street Support for SAP, Enabling Critical Investments to Drive Innovation, Competitive Advantage and Growth
- Syskoplan Reply Recognized as Top 10 SAP Solution Providers
- CGI strengthens its partnership with SAP, adding "RISE with SAP" to its end-to-end services portfolio
- The University of Reading selects NTT DATA Business Solutions UK&I to implement SAP SuccessFactors
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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