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
Stronger technical forecast for SAP SE stock price after Friday trading.
(Updated on Jun 28, 2024)
The SAP SE stock price gained 1.11% on the last trading day (Friday, 28th Jun 2024), rising from 187.44€ to 189.52€. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.93% from a day low at 187.34€ to a day high of 190.96€. The price has risen in 9 of the last 10 days and is up by 8.43% 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, 483 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately 371.78€ million.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at 184.92€, a level that may pose a second chance to hit a runner. According to fan-theory 201.14€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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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 183.56€ and 177.49€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 8.43%. 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 is rising along with the price. This is considered to be a good technical signal.
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 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 3.62€ between high and low, or 1.93%. For the last week, the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: 181.46€ (-4.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (SAP.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect SAP SE to open at 189.27€, and during the day (based on 14 day Average True Range), to move between 185.88€ and 193.16€, which gives a possible trading interval of +/-3.64€ (+/-1.92%) up or down from last closing price. If SAP SE takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 181.06€, some 8.46€ (4.46%) from the current price of 189.52€, our system finds the risk reward attractive.
Is SAP SE stock A Buy?
SAP SE holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.758 Strong Buy Candidate Upgraded
Predicted Opening Price for SAP SE of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 189.27€ ( 0.130%) | 189.52€ |
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 | 192.89 | 1.78% |
| R2 | 191.51 | 1.05% |
| R1 | 190.66 | 0.600% |
| Price | 189.52 | |
| S1 | 187.89 | -0.86% |
| S2 | 187.04 | -1.31% |
| S3 | 185.65 | -2.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 189.52 | |
| S1 | 181.06 | -4.46% |
| S2 | 165.96 | -12.43% |
| S3 | 165.80 | -12.52% |
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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