SAP SE Stock Forecast
SAP SE stock price ended at 176.74€ on Thursday, after gaining 0.363%.
(Updated on May 16, 2024)
The SAP SE stock price gained 0.363% on the last trading day (Thursday, 16th May 2024), rising from 176.10€ to 176.74€. During the last trading day the stock fluctuated 1.20% from a day low at 175.40€ to a day high of 177.50€. The price has risen in 8 of the last 10 days and is up by 4.87% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 401 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately 298.34€ million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SAP SE stock with a 90% probability to be traded between 168.24€ and 185.76€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SAP.DE Signals & Forecast
The SAP SE stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 176.36€ and 173.89€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -0.585%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for SAP SE stock
SAP SE finds support from accumulated volume at 174.86€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 2.10€ (1.20%) between high and low. For the last week, the stock has had daily average volatility of 1.23%.
Our recommended stop-loss: 169.82€ (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (SAP.DE) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect SAP SE to open at 176.55€, and during the day (based on 14 day Average True Range), to move between 173.82€ and 179.66€, which gives a possible trading interval of +/-2.92€ (+/-1.65%) up or down from last closing price. If SAP SE takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 177.42€ (0.38%) than the support at 174.86€ (1.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is SAP SE stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for SAP SE stock to perform well in the short-term period.
Current score: 4.325 Buy Candidate Unchanged
Predicted Opening Price for SAP SE of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 176.55€ ( 0.109%) | 176.74€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAP.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 178.65 | 1.08 % | |
| R2 | 177.84 | 0.625 % | ||
| R1 | 177.35 | 0.344 % | ||
| Current price: | 176.74 | |||
| Support | S1 | 175.74 | -0.563 % | |
| S2 | 175.25 | -0.84 % | ||
| S3 | 174.45 | -1.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 180.56 | 2.16 % | |
| R2 | 177.78 | 0.588 % | ||
| R1 | 177.42 | 0.385 % | ||
| Current price | 176.74 | |||
| Support | S1 | 174.86 | -1.06% | |
| S2 | 171.92 | -2.73% | ||
| S3 | 165.80 | -6.19% |
SAP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 16, 2024 | 0€ | 0% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | 2.05€ | 1.69% |
| 3 | May 19, 2022 | May 19, 2022 | May 19, 2022 | 0.500€ | 0.556% |
| 4 | May 13, 2021 | May 13, 2021 | May 13, 2021 | 1.85€ | 1.66% |
| 5 | May 21, 2020 | May 21, 2020 | May 21, 2020 | 1.58€ | 1.47% |
FAQ
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