SAP Technical Analysis - SAPUTO INC

Technical Rating and Analysis

Taking everything into account, SAP scores 6 out of 10 in our technical rating. SAP has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

SAP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SAP is lagging the market slightly.

When comparing the performance of all stocks over the past year, SAP turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.

SAP is part of the Food Products industry. There are 16 other stocks in this industry, SAP did better than 66% of them.

In the last month SAP has a been trading in a tight range between 33.01 and 34.75.

Volume is considerably higher in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

SAP has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

25.60

35.03

3 important support areas can be observed.

Support @30.74 from a trend line in the daily time frame.
Support @29.43 from a trend line in the daily time frame.
Support @25.86 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 33.02 to 33.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 34.68 to 34.68. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for SAP.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SAP.CA is neutral.
ChartMill Relative Strength	65.07	NEUTRAL	SAP.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SAP.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SAP.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SAP.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	46.61	NEUTRAL	The RSI value for SAP.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.31	NEGATIVE	The MACD value suggests SAP.CA has a negative trend.
Stochastics (14,3)	10.96	OVERSOLD	The low Stochastics value suggests SAP.CA may be oversold.
Average True Range in percent/ATR (20)	1.63	LOW VOLATILITY	The low ATR as a percentage value for SAP.CA suggests low volalility.
Average Directional Index/ADX (14)	46.1	POSITIVE	The high ADX value value for SAP.CA suggests a strong trend.