SAP AG Price Technical Analysis

SAP AG Technical Analysis

SAP AG Technical Analysis: Weekly Chart

SAP AG Price Technical Analysis

In the weekly charts, SAP AG was trading in down channel. SAP AG is currently trading below all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 89.94 & the resistance level is at 95.53.

SAP AG was trading in down channel before there is breakout upside.

SAP AG Technical Analysis: Daily Chart

SAP AG Price Technical Analysis

In the daily charts, SAP AG is trading an up channel. SAP AG is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 92.05 & the resistance level is at 93.63.

SAP AG will trade in an up channel until there is trend reversal.   

How to Trade SAP AG this Week:

SAP AG will follow the uptrend until their trend reversal. So, remain bullish on SAP AG.

TRADE SUGGESTION- BUY AT 92.63, TAKE PROFIT AT 93.63 AND STOP LOSS AT 92.05

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