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'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 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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231.59
When analyzing the support we notice one important area.
- A support zone ranging from 233.93 to 237.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 243.61 to 250.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @258.90 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 | 27.13 | NEGATIVE | SAP has a low relative strength, it was outperformed by 72.87% 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) | 33.19 | NEUTRAL | The RSI value for SAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SAP has a negative trend. |
| Stochastics (14,3) | 36.73 | NEUTRAL | The Stochastics value for SAP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for SAP suggests low volalility. |
| Average Directional Index/ADX (14) | 16.2 | NEGATIVE | The low ADX value for SAP suggests a weak or negative trend. |
240.44
+3.52 (+1.49%)
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 33.1868. 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 -0.0605269, 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.