SAP SE Stock Forecast
SAP SE stock price ended at $191.99 on Thursday, after gaining 0.88%.
(Updated on May 09, 2024)
The SAP SE stock price gained 0.88% on the last trading day (Thursday, 9th May 2024), rising from $190.31 to $191.99. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.97% from a day low at $190.18 to a day high of $192.03. The price has risen in 7 of the last 10 days and is up by 3.73% over the past 2 weeks. Volume fell on the last day by -255 thousand shares and in total, 651 thousand shares were bought and sold for approximately $124.95 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 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 $176.96 and $198.67 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 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $185.63 and $187.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.23%. 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.
Support, Risk & Stop-loss for SAP SE stock
SAP SE finds support from accumulated volume at $188.01 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 $1.85 (0.97%) between high and low. For the last week, the stock has had daily average volatility of 0.90%.
Since the SAP SE has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $184.48 (-3.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (SAP) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect SAP SE to open at $191.40, and during the day (based on 14 day Average True Range), to move between $188.68 and $195.30, which gives a possible trading interval of +/-$3.31 (+/-1.73%) up or down from last closing price. If SAP SE takes out the full calculated possible swing range there will be an estimated 3.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $193.24 (0.65%) than the support at $188.01 (2.07%), 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: 2.253 Buy Candidate Unchanged
Predicted Opening Price for SAP SE of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $191.40 ( 0.307%) | $191.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 193.25 | 0.656 % | |
| R2 | 192.54 | 0.288 % | ||
| R1 | 192.11 | 0.0608 % | ||
| Current price: | 191.99 | |||
| Support | S1 | 190.69 | -0.675 % | |
| S2 | 190.26 | -0.90 % | ||
| S3 | 189.55 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 197.09 | 2.66 % | |
| R2 | 195.57 | 1.86 % | ||
| R1 | 193.24 | 0.651 % | ||
| Current price | 191.99 | |||
| Support | S1 | 188.01 | -2.07% | |
| S2 | 185.09 | -3.59% | ||
| S3 | 178.64 | -6.95% |
SAP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 16, 2024 | $0 | 0% |
| 2 | Aug 06, 2023 | May 12, 2023 | May 22, 2023 | $2.19 | 1.64% |
| 3 | Apr 14, 2022 | May 19, 2022 | May 22, 2023 | $2.66 | 2.00% |
| 4 | Apr 12, 2021 | May 13, 2021 | May 25, 2021 | $2.19 | 1.55% |
| 5 | Feb 26, 2020 | May 21, 2020 | Jun 02, 2020 | $1.71 | 1.31% |
FAQ
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