SAP SE O.N. - Daily - Technical analysis published on 03/23/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 107.71 EUR
My targets
119.98 EUR (+5.50%)
128.28 EUR (+12.80%)
My analysis
The bullish trend is currently very strong on SAP SE O.N.. As long as the price remains above the support at 107.71 EUR, you could try to benefit from the boom. The first bullish objective is located at 119.98 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 128.28 EUR as an objective. Crossing it would then enable buyers to target 139.16 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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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. price is 113.72 EUR. The price registered a decrease of -0.05% on the session with the lowest point at 113.12 EUR and the highest point at 113.96 EUR. The deviation from the price is +0.53% for the low point and -0.21% for the high point.113.12
113.96
113.72
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
Technical analysis of SAP SE O.N. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 102.51 | 107.71 | 112.57 | 113.72 | 119.98 | 128.28 | 139.16 |
Change (%) | -9.86% | -5.28% | -1.01% | - | +5.50% | +12.80% | +22.37% |
Change | -11.21 | -6.01 | -1.15 | - | +6.26 | +14.56 | +25.44 |
Level | Intermediate | Intermediate | Minor | - | 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 | 112.61 | 113.05 | 113.41 | 113.85 | 114.21 | 114.65 | 115.01 |
Camarilla | 113.56 | 113.63 | 113.71 | 113.78 | 113.85 | 113.93 | 114.00 |
Woodie | 112.58 | 113.03 | 113.38 | 113.83 | 114.18 | 114.63 | 114.98 |
Fibonacci | 113.05 | 113.35 | 113.54 | 113.85 | 114.15 | 114.34 | 114.65 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 99.01 | 102.65 | 107.11 | 110.75 | 115.21 | 118.85 | 123.31 |
Camarilla | 109.35 | 110.10 | 110.84 | 111.58 | 112.32 | 113.07 | 113.81 |
Woodie | 99.43 | 102.86 | 107.53 | 110.96 | 115.63 | 119.06 | 123.73 |
Fibonacci | 102.65 | 105.74 | 107.65 | 110.75 | 113.84 | 115.75 | 118.85 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 99.53 | 103.23 | 105.35 | 109.05 | 111.17 | 114.87 | 116.99 |
Camarilla | 105.88 | 106.41 | 106.95 | 107.48 | 108.01 | 108.55 | 109.08 |
Woodie | 98.75 | 102.84 | 104.57 | 108.66 | 110.39 | 114.48 | 116.21 |
Fibonacci | 103.23 | 105.45 | 106.82 | 109.05 | 111.27 | 112.64 | 114.87 |
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): | 59.29 | |
MACD (12,26,9): | 1.2600 | |
Directional Movement: | 5.96 | |
AROON (14): | 28.57 | |
DEMA (21): | 112.52 | |
Parabolic SAR (0,02-0,02-0,2): | 107.74 | |
Elder Ray (13): | 1.86 | |
Super Trend (3,10): | 106.49 | |
Zig ZAG (10): | 113.52 | |
VORTEX (21): | 1.0500 | |
Stochastique (14,3,5): | 91.98 | |
TEMA (21): | 112.91 | |
Williams %R (14): | -10.86 | |
Chande Momentum Oscillator (20): | 2.72 | |
Repulse (5,40,3): | 0.6300 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1100 | |
Courbe Coppock: | 6.87 |
MA7: | 112.39 | |
MA20: | 110.27 | |
MA50: | 109.39 | |
MA100: | 105.78 | |
MAexp7: | 112.61 | |
MAexp20: | 111.00 | |
MAexp50: | 108.78 | |
MAexp100: | 105.26 | |
Price / MA7: | +1.18% | |
Price / MA20: | +3.13% | |
Price / MA50: | +3.96% | |
Price / MA100: | +7.51% | |
Price / MAexp7: | +0.99% | |
Price / MAexp20: | +2.45% | |
Price / MAexp50: | +4.54% | |
Price / MAexp100: | +8.04% |
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:
- Emphasys Is Now an SAP Silver Partner
- GROW with SAP Brings Proven Cloud ERP Benefits to Midsize Customers
- Nortegas Spain Taps DXC Technology to Deliver SAP Modernization
- SAP Agrees to Sell its Stake in Qualtrics as part of Qualtrics Acquisition by Silver Lake and CPP Investments
- SAP Introduces SAP® Datasphere to Simplify Customers' Data Landscape - Partners with Collibra, Confluent, Databricks and DataRobot
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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