SOFTWARE AG (SOW.DE) Stock Technical Analysis
Europe - FRA:SOW - DE000A2GS401 - Common Stock
Overall SOW gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although SOW has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
30.93
3 important support areas can be observed.
- A support zone ranging from 36.54 to 37.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @32.10 from a horizontal line in the daily time frame.
- A support zone ranging from 31.24 to 31.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 38.86 to 38.87. 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 SOW.DE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOW.DE is down. |
| ChartMill Relative Strength | 98.28 | POSITIVE | SOW.DE has a high relative strength, it outperformed 98.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOW.DE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SOW.DE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOW.DE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.95 | NEUTRAL | The RSI value for SOW.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests SOW.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.43 | NEUTRAL | The Stochastics value for SOW.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for SOW.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 34.99 | POSITIVE | The high ADX value value for SOW.DE suggests a strong trend. |
FRA:SOW (2/23/2024, 7:00:00 PM)
37.1
+0.1 (+0.27%)
SOFTWARE AG / SOW.DE FAQ
What is the ChartMill technical rating of SOFTWARE AG (SOW.DE) stock?
ChartMill assigns a technical rating of 7 / 10 to SOW.DE.
What is the current trend direction of SOFTWARE AG (SOW.DE) stock?
The current trend direction for SOFTWARE AG (SOW.DE) is Bullish.
What is the RSI signal for SOFTWARE AG (SOW.DE) stock?
SOFTWARE AG (SOW.DE) has an RSI value of 38.9524. This indicates that the stock is currently neutral.
What is the short term momentum for SOW stock?
The short term momentum for SOFTWARE AG (SOW.DE) is negative.
What is the support and resistance level for SOW stock?
SOFTWARE AG (SOW.DE) has a support level at 37.09 and a resistance level at 38.86. Check the full technical report for our detailed analysis of SOW.DE support and resistance levels.