SAP SE-SPONSORED ADR (SAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SAP - US8030542042 - ADR
We assign a technical rating of 0 out of 10 to SAP. SAP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, SAP is a bad performer in the overall market: 84% of all stocks are doing better.
- SAP is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month SAP has a been trading in the 220.89 - 255.90 range, which is quite wide. It is currently trading near the lows of this range.
- SAP has an average volume of 1523720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SAP is part of the Software industry. There are 277 other stocks in this industry, SAP did better than 56% of them.
- Volume is considerably higher in the last couple of days.
The technical rating of SAP is bad and it also does not present a 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
222.84
When analyzing the support we notice one important area.
- A support zone ranging from 225.09 to 226.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 237.08 to 248.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @253.30 from a trend line in the daily time frame.
- Resistance @275.40 from a horizontal line in the daily time frame.
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 is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SAP is down. |
| ChartMill Relative Strength | 16.64 | NEGATIVE | SAP has a low relative strength, it was outperformed by 83.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SAP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SAP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SAP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.27 | NEUTRAL | The RSI value for SAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.83 | NEGATIVE | The MACD value suggests SAP has a negative trend. |
| Stochastics (14,3) | 10.8 | OVERSOLD | The low Stochastics value suggests SAP may be oversold. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for SAP suggests some volalility. |
| Average Directional Index/ADX (14) | 19.53 | NEGATIVE | The low ADX value for SAP suggests a weak or negative trend. |
226.35
+1.25 (+0.56%)
SAP SE-SPONSORED ADR / SAP FAQ
What is the technical rating for SAP stock?
ChartMill assigns a technical rating of 0 / 10 to SAP.
What is the trend direction for SAP stock?
The current trend direction for SAP SE-SPONSORED ADR (SAP) is Bearish.
Can you provide the RSI signal for SAP SE-SPONSORED ADR?
SAP SE-SPONSORED ADR (SAP) has an RSI value of 32.2673. This indicates that the stock is currently neutral.
What is the MACD signal for SAP SE-SPONSORED ADR (SAP) stock?
The MACD indicator for SAP SE-SPONSORED ADR (SAP) has a value of -1.83434, indicating a bearish trend.
What is the buy/sell signal for SAP SE-SPONSORED ADR (SAP) stock?
The buy/sell signal for SAP SE-SPONSORED ADR (SAP) is sell as both the short term and long term trends are negative.