SAP SE Stock Forecast
Red day on Thursday for SAP SE stock after losing 0.722%
(Updated on Apr 18, 2024)
The SAP SE stock price fell by -0.722% on the last day (Thursday, 18th Apr 2024) from $179.94 to $178.64. During the last trading day the stock fluctuated 1.54% from a day low at $178.08 to a day high of $180.83. The price has fallen in 7 of the last 10 days and is down by -6.49% for this period. Volume has increased on the last day by 1 million 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 $268.11 million.
Given the current short-term trend, the stock is expected to rise 10.70% during the next 3 months and, with a 90% probability hold a price between $197.75 and $223.39 at the end of this 3-month period.
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SAP 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $181.43 and $189.79. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -9.36%. 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.
Support, Risk & Stop-loss for SAP SE stock
SAP SE finds support from accumulated volume at $174.61 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 $2.75 between high and low, or 1.54%. For the last week, the stock has had daily average volatility of 1.55%.
SAP SE is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAP) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect SAP SE to open at $179.18, and during the day (based on 14 day Average True Range), to move between $175.36 and $181.92, which gives a possible trading interval of +/-$3.28 (+/-1.83%) up or down from last closing price. If SAP SE takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $174.61 (2.26%) than the resistance at $184.22 (3.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
SAP SE will release earnings AMC on Monday, April 22, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.36. We will update the financials statements for SAP SE, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.56% in the first trading day after earnings release.
Is SAP SE stock A Buy?
The SAP SE stock holds several negative signals and despite the positive trend, we believe SAP SE will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.058 Sell Candidate Unchanged
Predicted Opening Price for SAP SE of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $179.18 ( 0.304%) | $178.64 |
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 | 181.93 | 1.84 % | |
| R2 | 180.88 | 1.26 % | ||
| R1 | 180.23 | 0.89 % | ||
| Current price: | 178.64 | |||
| Support | S1 | 178.13 | -0.284 % | |
| S2 | 177.48 | -0.647 % | ||
| S3 | 176.43 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 191.03 | 6.94 % | |
| R2 | 189.83 | 6.26 % | ||
| R1 | 184.22 | 3.12 % | ||
| Current price | 178.64 | |||
| Support | S1 | 174.61 | -2.26% | |
| S2 | 173.44 | -2.91% | ||
| S3 | 163.38 | -8.54% |
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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