SAP SE Stock Forecast
Stronger technical forecast for SAP SE stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The SAP SE stock price gained 1.26% on the last trading day (Tuesday, 25th Jun 2024), rising from 179.46€ to 181.72€. During the last trading day the stock fluctuated 2.30% from a day low at 177.64€ to a day high of 181.72€. The price has risen in 7 of the last 10 days and is up by 3.6% over the past 2 weeks. Volume fell on the last day by -190 thousand shares and in total, 1 million shares were bought and sold for approximately 225.41€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 182.53€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SAP SE stock with a 90% probability to be traded between 169.76€ and 185.74€ 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.F Signals & Forecast
Mostly positive signals in the chart today. 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 178.57€ and 176.56€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 9.50%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A buy signal from a double bottom formation was found on Friday, May 31, 2024 with a target of 178.54€. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for SAP SE stock
SAP SE finds support from accumulated volume at 181.06€ 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 4.08€ (2.30%) between high and low. For the last week, the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: 173.34€ (-4.61%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (SAP.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SAP SE to open at 180.36€, and during the day (based on 14 day Average True Range), to move between 178.15€ and 185.29€, which gives a possible trading interval of +/-3.57€ (+/-1.97%) up or down from last closing price. If SAP SE takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 182.04€ (0.18%) than the support at 181.06€ (0.36%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.919 Buy Candidate Upgraded
Predicted Opening Price for SAP SE of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 180.36€ ( 0.748%) | 181.72€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAP.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 184.44 | 1.50% |
| R2 | 182.88 | 0.639% |
| R1 | 181.92 | 0.109% |
| Price | 181.72 | |
| S1 | 178.80 | -1.61% |
| S2 | 177.84 | -2.14% |
| S3 | 176.28 | -2.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 182.60 | 0.484% |
| R1 | 182.04 | 0.176% |
| Price | 181.72 | |
| S1 | 181.06 | -0.363% |
| S2 | 165.96 | -8.67% |
| S3 | 165.80 | -8.76% |
SAP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 21, 2024 | 2.20€ | 0% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | 2.05€ | 0% |
| 3 | May 19, 2022 | May 19, 2022 | May 19, 2022 | 0.500€ | 0% |
| 4 | May 13, 2021 | May 13, 2021 | May 13, 2021 | 1.85€ | 0% |
| 5 | May 21, 2020 | May 21, 2020 | May 21, 2020 | 1.58€ | 0% |
FAQ
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