SAP SE O.N. - 1H - Technical analysis published on 09/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 197.07 EUR
My targets
200.21 EUR (+0.61%)
202.69 EUR (+1.86%)
My analysis
The bullish trend is currently very strong on SAP SE O.N.. As long as the price remains above the support at 197.07 EUR, you could try to benefit from the boom. The first bullish objective is located at 200.21 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 202.69 EUR as an objective. Crossing it would then enable buyers to target 206.37 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 not called into question, despite technical indicators being indecisive.
Force
0
10
6.1
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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 199.00 EUR. The price registered a decrease of -0.43% on the session and was between 198.08 EUR and 201.05 EUR. This implies that the price is at +0.46% from its lowest and at -1.02% from its highest.198.08
201.05
199.00
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SAP SE O.N. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 183.72 | 192.87 | 197.07 | 199.00 | 199.11 |
| Change (%) | -7.68% | -3.08% | -0.97% | - | +0.06% |
| Change | -15.28 | -6.13 | -1.93 | - | +0.11 |
| Level | Minor | Intermediate | 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 | 195.49 | 196.37 | 198.11 | 198.99 | 200.73 | 201.61 | 203.35 |
| Camarilla | 199.14 | 199.38 | 199.62 | 199.86 | 200.10 | 200.34 | 200.58 |
| Woodie | 195.93 | 196.59 | 198.55 | 199.21 | 201.17 | 201.83 | 203.79 |
| Fibonacci | 196.37 | 197.37 | 197.99 | 198.99 | 199.99 | 200.61 | 201.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 187.89 | 190.37 | 194.05 | 196.53 | 200.21 | 202.69 | 206.37 |
| Camarilla | 196.03 | 196.59 | 197.16 | 197.72 | 198.29 | 198.85 | 199.41 |
| Woodie | 188.48 | 190.67 | 194.64 | 196.83 | 200.80 | 202.99 | 206.96 |
| Fibonacci | 190.37 | 192.73 | 194.18 | 196.53 | 198.89 | 200.34 | 202.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 160.75 | 168.73 | 183.23 | 191.21 | 205.71 | 213.69 | 228.19 |
| Camarilla | 191.54 | 193.60 | 195.66 | 197.72 | 199.78 | 201.84 | 203.90 |
| Woodie | 164.00 | 170.36 | 186.48 | 192.84 | 208.96 | 215.32 | 231.44 |
| Fibonacci | 168.73 | 177.32 | 182.63 | 191.21 | 199.80 | 205.11 | 213.69 |
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): | 54.94 | |
| MACD (12,26,9): | 0.4700 | |
| Directional Movement: | 5.47 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 199.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 200.99 | |
| Elder Ray (13): | -0.20 | |
| Super Trend (3,10): | 197.87 | |
| Zig ZAG (10): | 198.88 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 35.00 | |
| TEMA (21): | 199.17 | |
| Williams %R (14): | -55.38 | |
| Chande Momentum Oscillator (20): | 0.80 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.19 |
| MA7: | 197.18 | |
| MA20: | 194.70 | |
| MA50: | 190.70 | |
| MA100: | 182.75 | |
| MAexp7: | 198.88 | |
| MAexp20: | 198.50 | |
| MAexp50: | 197.58 | |
| MAexp100: | 196.48 | |
| Price / MA7: | +0.92% | |
| Price / MA20: | +2.21% | |
| Price / MA50: | +4.35% | |
| Price / MA100: | +8.89% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.72% | |
| Price / MAexp100: | +1.28% |
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:
- Jürgen Müller to Leave SAP Executive Board
- SAP Launches Business AI Experience Center in Hong Kong
- Xerox Selects RISE with SAP to Transform Enterprise Architecture
- Vuzix (NASDAQ: VUZI) Wholly Owned Subsidiary Moviynt Receives New Key SAP Certification
- Scott Russell and Julia White to Leave SAP Executive Board
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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