SAP Technical Analysis - SAP SE-SPONSORED ADR

Technical Rating and Analysis

Overall SAP gets a technical rating of 2 out of 10. SAP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

SAP has an average volume of 1664470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, SAP outperforms 51% of them, which is more or less in line with the market.

SAP is an average performer in the Software industry, it outperforms 59% of 282 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.

In the last month SAP has a been trading in the 256.41 - 277.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed 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

SAP SE-SPONSORED ADR / SAP Weekly stock chart

SAP SE-SPONSORED ADR / SAP Daily stock chart

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

248.03

312.91

When analyzing the support we can see 2 important areas.

Support @263.26 from a trend line in the weekly time frame.
A support zone ranging from 250.54 to 257.15. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 271.32 to 277.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @309.81 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 is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SAP is neutral.
ChartMill Relative Strength	51.95	NEUTRAL	SAP is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SAP is above the rising 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)	UP	MIXED	The current price of SAP is below the rising SMA(200).
Relative Strength Index/RSI (14)	50.74	NEUTRAL	The RSI value for SAP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.61	POSITIVE	The MACD value suggests SAP has a positive trend, although the MACD value is declining.
Stochastics (14,3)	46.46	NEUTRAL	The Stochastics value for SAP is a neutral value.
Average True Range in percent/ATR (20)	1.87	LOW VOLATILITY	The low ATR as a percentage value for SAP suggests low volalility.
Average Directional Index/ADX (14)	14.37	NEGATIVE	The low ADX value for SAP suggests a weak or negative trend.