SAP SE O.N. - 1H - Technical analysis published on 10/03/2023 (GMT)
- 95
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
17%
22%
61%
My opinion
Bearish under 124.84 EUR
My targets
120.97 EUR (-1.44%)
115.25 EUR (-6.10%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 124.84 EUR remains possible. It is advisable to trade SAP SE O.N. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 124.84 EUR. The next bearish objective for sellers is set at 120.97 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 115.25 EUR. In case of crossing, the next objective would be the support located at 110.69 EUR. PS: if there is a bullish break in the resistance located at 124.84 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.4
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Additional analysis
Quotes
SAP SE O.N. rating 122.74 EUR. On the day, this instrument lost -0.10% with the lowest point at 122.56 EUR and the highest point at 123.72 EUR. The deviation from the price is +0.15% for the low point and -0.79% for the high point.122.56
123.72
122.74
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SAP SE O.N. in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 110.69 | 120.97 | 122.36 | 122.74 | 124.84 | 126.13 | 127.08 |
| Change (%) | -9.82% | -1.44% | -0.31% | - | +1.71% | +2.76% | +3.54% |
| Change | -12.05 | -1.77 | -0.38 | - | +2.10 | +3.39 | +4.34 |
| Level | Intermediate | Major | Minor | - | Minor | Major | Intermediate |
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 | 120.45 | 121.33 | 122.09 | 122.97 | 123.73 | 124.61 | 125.37 |
| Camarilla | 122.41 | 122.56 | 122.71 | 122.86 | 123.01 | 123.16 | 123.31 |
| Woodie | 120.40 | 121.30 | 122.04 | 122.94 | 123.68 | 124.58 | 125.32 |
| Fibonacci | 121.33 | 121.95 | 122.34 | 122.97 | 123.59 | 123.98 | 124.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.25 | 117.75 | 120.29 | 122.79 | 125.33 | 127.83 | 130.37 |
| Camarilla | 121.43 | 121.90 | 122.36 | 122.82 | 123.28 | 123.74 | 124.21 |
| Woodie | 115.26 | 117.76 | 120.30 | 122.80 | 125.34 | 127.84 | 130.38 |
| Fibonacci | 117.75 | 119.68 | 120.87 | 122.79 | 124.72 | 125.91 | 127.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.71 | 113.49 | 118.15 | 124.93 | 129.59 | 136.37 | 141.03 |
| Camarilla | 119.67 | 120.72 | 121.77 | 122.82 | 123.87 | 124.92 | 125.97 |
| Woodie | 105.66 | 112.96 | 117.10 | 124.40 | 128.54 | 135.84 | 139.98 |
| Fibonacci | 113.49 | 117.86 | 120.56 | 124.93 | 129.30 | 132.00 | 136.37 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.50 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 2.08 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 123.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 122.26 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 121.92 | |
| Zig ZAG (10): | 122.88 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 44.97 | |
| TEMA (21): | 123.19 | |
| Williams %R (14): | -62.20 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.53 |
| MA7: | 122.38 | |
| MA20: | 125.56 | |
| MA50: | 125.41 | |
| MA100: | 124.52 | |
| MAexp7: | 122.94 | |
| MAexp20: | 122.83 | |
| MAexp50: | 122.88 | |
| MAexp100: | 123.71 | |
| Price / MA7: | +0.29% | |
| Price / MA20: | -2.25% | |
| Price / MA50: | -2.13% | |
| Price / MA100: | -1.43% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.78% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The latest news and videos published on SAP SE O.N. at the time of the analysis were as follows:
- SAP Announces New Generative AI Assistant Joule
- SAP Announces New Generative AI Assistant Joule
- Labguru (BioData) Partners with SAP to Provide its Lab Data Management Solution via the SAP Store
- Fujitsu launches new offering to support sustainable enterprise transformation as Japan's first premium supplier for RISE with SAP
- SAP Announces Updated Timing of Third and Fourth Quarters 2023 Earnings Releases and Financial Analyst Calls
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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