SAP Technical Analysis - SAPUTO INC

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to SAP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SAP is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.

SAP is one of the better performing stocks in the Food Products industry, it outperforms 86% of 16 stocks in the same industry.

SAP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

When compared to the yearly performance of all other stocks, SAP outperforms 69% of them, which is more or less in line with the market.

In the last month SAP has a been trading in a tight range between 32.49 and 34.41.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although SAP has an excellent technical rating, the quality of the presented setup is not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

25.60

35.03

3 important support areas can be observed.

A support zone ranging from 32.78 to 33.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @31.96 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 one important area.

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.

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What is Support and Resistance

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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	UP	POSITIVE	The short term trend for SAP.CA is up.
ChartMill Relative Strength	69.14	NEUTRAL	SAP.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SAP.CA is above the rising 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)	61.34	NEUTRAL	The RSI value for SAP.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests SAP.CA has a positive trend.
Stochastics (14,3)	73.25	NEUTRAL	The Stochastics value for SAP.CA is a neutral value.
Average True Range in percent/ATR (20)	1.5	LOW VOLATILITY	The low ATR as a percentage value for SAP.CA suggests low volalility.
Average Directional Index/ADX (14)	18.24	NEGATIVE	The low ADX value for SAP.CA suggests a weak or negative trend.