SAP SE-SPONSORED ADR (SAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SAP - US8030542042 - ADR
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.
SAP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 250.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 242.80, a Stop Loss order could be placed below this zone.
More info and screens
231.59
When analyzing the support we notice one important area.
- A support zone ranging from 233.93 to 242.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 250.00 to 254.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @262.79 from a trend line in the daily time frame.
- A resistance zone ranging from 272.91 to 275.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @280.47 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 | 28.88 | NEGATIVE | SAP has a low relative strength, it was outperformed by 71.12% off all stocks 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) | DOWN | NEGATIVE | The current price of SAP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.28 | NEUTRAL | The RSI value for SAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.87 | POSITIVE | The MACD value suggests SAP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.33 | NEUTRAL | The Stochastics value for SAP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for SAP suggests low volalility. |
| Average Directional Index/ADX (14) | 18.68 | NEGATIVE | The low ADX value for SAP suggests a weak or negative trend. |
244.31
+2.89 (+1.2%)
SAP SE-SPONSORED ADR / SAP FAQ
What is the technical rating for SAP stock?
ChartMill assigns a technical rating of 1 / 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 46.2838. 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 242.8 and a resistance level at 250. Check the full technical report for our detailed analysis of SAP support and resistance levels.