SAP AG Technical Analysis

sap ag technical analysis

SAP AG Technical Analysis: Weekly Chart

In the weekly charts, SAP AG is 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 89.85 & the resistance level is at 93.83.

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

SAP AG Technical Analysis: Daily Chart

In the daily charts, SAP AG is trading in an up channel. SAP AG is currently trading above 20 and 50 days SMA & below 100 days SMA.

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

Its immediate support is 90.34 & the resistance level is at 92.77.

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 91.98, TAKE PROFIT AT 92.77 AND STOP LOSS AT 90.34

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