SAP SE-SPONSORED ADR (SAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SAP - US8030542042 - ADR
Overall SAP gets a technical rating of 0 out of 10. 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.
SAP has a poor technical rating and the quality of the setup is also only medium 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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231.59
When analyzing the support we notice one important area.
- A support zone ranging from 233.93 to 238.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- Resistance @241.76 from a horizontal line in the daily time frame.
- A resistance zone ranging from 257.64 to 261.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 268.82 to 272.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 32.32 | NEUTRAL | SAP is not amongst the best or worst performers 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) | 37.98 | NEUTRAL | The RSI value for SAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SAP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.47 | NEUTRAL | The Stochastics value for SAP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for SAP suggests low volalility. |
| Average Directional Index/ADX (14) | 31.1 | POSITIVE | The high ADX value value for SAP suggests a strong trend. |
241.75
+1.73 (+0.72%)
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 current trend direction of SAP SE-SPONSORED ADR (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 37.9787. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for SAP SE-SPONSORED ADR?
The buy/sell signal for SAP SE-SPONSORED ADR (SAP) is sell as both the short term and long term trends are negative.
What is the support and resistance level for SAP stock?
SAP SE-SPONSORED ADR (SAP) has a support level at 238.84 and a resistance level at 241.76. Check the full technical report for our detailed analysis of SAP support and resistance levels.