SAP SE-SPONSORED ADR (SAP) Stock Technical Analysis
NYSE:SAP - New York Stock Exchange, Inc. - US8030542042 - ADR - Currency: USD
We assign a technical rating of 10 out of 10 to SAP. Both in the recent history as in the last year, SAP has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SAP is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by SAP over the past year are nicely spread over this period.
SAP is one of the better performing stocks in the Software industry, it outperforms 82% of 283 stocks in the same industry.
SAP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SAP is leading the market.
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 1549140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, SAP also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. 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.
More info and screens
229.70
305.67
We found 4 important support areas.
- Support @288.45 from a horizontal line in the daily time frame.
- Support @259.38 from a trend line in the weekly time frame.
- A support zone ranging from 243.27 to 244.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @232.02 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 301.73 to 302.64. 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 | UP | POSITIVE | The long term trend for SAP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SAP is up. |
| ChartMill Relative Strength | 91.86 | POSITIVE | SAP has a high relative strength, it outperformed 91.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SAP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SAP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SAP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.39 | NEUTRAL | The RSI value for SAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests SAP has a negative trend. |
| Stochastics (14,3) | 68.48 | NEUTRAL | The Stochastics value for SAP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for SAP suggests low volalility. |
| Average Directional Index/ADX (14) | 18.3 | NEGATIVE | The low ADX value for SAP suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 295.37 | 288.44 | 6.93 (2.35%) | 25.00% |
| An entry @295.37. This is a Buy Stop order right above the 10 day moving average. | An exit @288.44. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.93 points, which is 2.35%. | For a 0.59% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SAP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
294.87
-4.97 (-1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.66%
1 Week-0.52%
2 Weeks0.31%
1 Month6.09%
3 Month4.2%
6 Month24.81%
12 Month50.92%
2 Year126.06%
3 Year195.34%
5 Year130.19%
10 Year299.01%
15 Year594.96%
Volatility
ATR(14)4.69
ATR(20)%1.91%
ATR Inc17.37%
Range Today4.11
ADR(20)4.1
ADR(20)%1.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.86
Mansfield2
10 Day High302.2
10 Day Low286.04
20 Day High303.4
20 Day Low282.75
52 Week High303.4
52 Week Low179.43
CS1 End288.45
CR1 Start301.73
Volume & EV
DER(3)-0.33%
DER(5)1.09%
Volume1.42M
Volume Incr-29.49%
Vol(5)1.12M
Vol(50)1.55M