SAP SE O.N. - Daily - Technical analysis published on 07/12/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 182.60 EUR
My targets
189.17 EUR (+1.61%)
My analysis
SAP SE O.N. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 182.60 EUR. The next resistance located at 189.17 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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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. rating is 186.18 EUR. The price registered a decrease of -0.15% on the session and was traded between 185.84 EUR and 186.60 EUR over the period. The price is currently at +0.18% from its lowest and -0.23% from its highest.185.84
186.60
186.18
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SAP SE O.N.:
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
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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 148.18 | 165.93 | 182.60 | 186.18 | 189.17 |
| Change (%) | -20.41% | -10.88% | -1.92% | - | +1.61% |
| Change | -38.00 | -20.25 | -3.58 | - | +2.99 |
| Level | Intermediate | Major | Minor | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 179.83 | 181.97 | 184.21 | 186.35 | 188.59 | 190.73 | 192.97 |
| Camarilla | 185.26 | 185.66 | 186.06 | 186.46 | 186.86 | 187.26 | 187.67 |
| Woodie | 179.89 | 182.00 | 184.27 | 186.38 | 188.65 | 190.76 | 193.03 |
| Fibonacci | 181.97 | 183.64 | 184.67 | 186.35 | 188.02 | 189.05 | 190.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 175.50 | 178.92 | 184.00 | 187.42 | 192.50 | 195.92 | 201.00 |
| Camarilla | 186.74 | 187.52 | 188.30 | 189.08 | 189.86 | 190.64 | 191.42 |
| Woodie | 176.33 | 179.34 | 184.83 | 187.84 | 193.33 | 196.34 | 201.83 |
| Fibonacci | 178.92 | 182.17 | 184.17 | 187.42 | 190.67 | 192.67 | 195.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 150.00 | 158.48 | 174.00 | 182.48 | 198.00 | 206.48 | 222.00 |
| Camarilla | 182.92 | 185.12 | 187.32 | 189.52 | 191.72 | 193.92 | 196.12 |
| Woodie | 153.52 | 160.24 | 177.52 | 184.24 | 201.52 | 208.24 | 225.52 |
| Fibonacci | 158.48 | 167.65 | 173.31 | 182.48 | 191.65 | 197.31 | 206.48 |
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): | 56.80 | |
| MACD (12,26,9): | 2.5600 | |
| Directional Movement: | 9.26 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 187.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 190.58 | |
| Elder Ray (13): | 0.78 | |
| Super Trend (3,10): | 178.74 | |
| Zig ZAG (10): | 186.34 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 64.12 | |
| TEMA (21): | 188.38 | |
| Williams %R (14): | -34.63 | |
| Chande Momentum Oscillator (20): | 0.34 | |
| Repulse (5,40,3): | -0.7000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 7.33 |
| MA7: | 186.73 | |
| MA20: | 183.93 | |
| MA50: | 179.08 | |
| MA100: | 176.37 | |
| MAexp7: | 186.27 | |
| MAexp20: | 184.11 | |
| MAexp50: | 179.92 | |
| MAexp100: | 173.87 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | +1.22% | |
| Price / MA50: | +3.96% | |
| Price / MA100: | +5.56% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +1.12% | |
| Price / MAexp50: | +3.48% | |
| Price / MAexp100: | +7.08% |
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:
- Genpact Ranked a Leader in SAP Business Application Services by Everest Group
- Bain & Company Now Runs SAP S/4HANA Cloud Public Edition in 40 Countries
- Dispatch Drives Customer Growth Through API Integration With SAP
- SAP Enters into Agreement to Acquire WalkMe, Driving Business Transformation by Enhancing the Customer Experience and Enriching SAP Business AI Offerings
- New Solution Developed by BlackLine to be Sold as an SAP Solution Extension
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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