SAP Technical Analysis - SAP SE

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to SAP. SAP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

75% of all other stocks performed better in the past year than SAP.

SAP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

SAP has an average volume of 1437510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

SAP is an average performer in the Software industry, it outperforms 61% of 111 stocks in the same industry.

SAP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SAP is lagging the market.

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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

SAP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 225.66, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

212.26

279.72

3 important support areas can be observed.

A support zone ranging from 224.80 to 225.66. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Support @220.89 from a horizontal line in the weekly time frame.
Support @214.40 from a horizontal line in the daily time frame.

We can see 4 important resistance areas.

A resistance zone ranging from 233.21 to 237.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 258.75 to 262.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @267.35 from a horizontal line in the daily time frame.
Resistance @276.95 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for SAP.DE is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SAP.DE is neutral.
ChartMill Relative Strength	25.03	NEGATIVE	SAP.DE has a low relative strength, it was outperformed by 74.97% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SAP.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of SAP.DE is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SAP.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	53.31	NEUTRAL	The RSI value for SAP.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.67	POSITIVE	The MACD value suggests SAP.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	64.96	NEUTRAL	The Stochastics value for SAP.DE is a neutral value.
Average True Range in percent/ATR (20)	2.06	MEDIUM VOLATILITY	The ATR as a percentage value for SAP.DE suggests some volalility.
Average Directional Index/ADX (14)	19.07	NEGATIVE	The low ADX value for SAP.DE suggests a weak or negative trend.