SAP SE Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
SAP SE stock downgraded to Sell Candidate
(Updated on Jun 14, 2024)
The SAP SE stock price fell by -1.80% on the last day (Friday, 14th Jun 2024) from 177.98€ to 174.78€. During the last trading day the stock fluctuated 3.25% from a day low at 174.78€ to a day high of 180.46€. The price has been going up and down for this period, and there has been a 5.31% gain for the last 2 weeks. Volume has increased on the last day by 320 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately 392.70€ 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 165.98€ and 182.82€ 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
There are few to no technical positive signals at the moment. The SAP SE stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 177.35€ and 175.13€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -3.65%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A buy signal from a double bottom formation was found on Friday, May 31, 2024 and based on theory for this formation the price should go up by 2.15% to 178.54€ within 29 trading days since signal was issued (Monday, June 17, 2024).
Support, Risk & Stop-loss for SAP SE stock
SAP SE finds support from accumulated volume at 171.92€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 5.68€ between high and low, or 3.25%. For the last week, the stock has had daily average volatility of 2.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAP.DE) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect SAP SE to open at 176.67€, and during the day (based on 14 day Average True Range), to move between 170.84€ and 178.72€, which gives a possible trading interval of +/-3.94€ (+/-2.26%) up or down from last closing price. If SAP SE takes out the full calculated possible swing range there will be an estimated 4.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 174.86€ (0.05%) than the support at 171.92€ (1.64%), 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?
SAP SE holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.506 Sell Candidate Downgraded
Predicted Opening Price for SAP SE of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 176.67€ ( 1.08%) | 174.78€ |
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 | |
|---|---|---|
| R3 | 182.35 | 4.33% |
| R2 | 180.18 | 3.09% |
| R1 | 178.84 | 2.32% |
| Price | 174.78 | |
| S1 | 174.50 | -0.158% |
| S2 | 173.16 | -0.93% |
| S3 | 170.99 | -2.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 180.56 | 3.31% |
| R2 | 175.56 | 0.446% |
| R1 | 174.86 | 0.0458% |
| Price | 174.78 | |
| S1 | 171.92 | -1.64% |
| S2 | 165.96 | -5.05% |
| S3 | 165.80 | -5.14% |
SAP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 21, 2024 | 2.20€ | 1.22% |
| 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€ | 0.554% |
| 4 | May 13, 2021 | May 13, 2021 | May 13, 2021 | 1.85€ | 1.65% |
| 5 | May 21, 2020 | May 21, 2020 | May 21, 2020 | 1.58€ | 1.48% |
FAQ
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