Learn to Evaluate (SAP) using the Charts
July 14, 2024, 07:56 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SAP
- Buy SAP slightly over 200.79 target 213.63 stop loss @ 200.21 Details
The technical summary data tells us to buy SAP near 200.79 with an upside target of 213.63. This data also tells us to set a stop loss @ 200.21 to protect against excessive loss in case the stock begins to move against the trade. 200.79 is the first level of support below 205.11 , and by rule, any test of support is a buy signal. In this case, support 200.79 is being tested, a buy signal would exist.
- Short SAP slightly under 213.63, target 200.79, stop loss @ 214.25 Details
The technical summary data is suggesting a short of SAP as it gets near 213.63 with a downside target of 200.79. We should have a stop loss in place at 214.25though. 213.63 is the first level of resistance above 205.11, and by rule, any test of resistance is a short signal. In this case, if resistance 213.63 is being tested, a short signal would exist.
Swing Trading Plans for SAP
- Buy SAP slightly over 206.21, target 213.63, Stop Loss @ 205.61 Details
If 206.21 begins to break higher, the technical summary data tells us to buy SAP just slightly over 206.21, with an upside target of 213.63. The data also tells us to set a stop loss @ 205.61 in case the stock turns against the trade. 206.21 is the first level of resistance above 205.11, and by rule, any break above resistance is a buy signal. In this case, 206.21, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SAP slightly near 206.21, target 201.73, Stop Loss @ 206.81. Details
The technical summary data is suggesting a short of SAP if it tests 206.21 with a downside target of 201.73. We should have a stop loss in place at 206.81 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 206.21, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for SAP
- Buy SAP slightly over 205.74, target 206.21, Stop Loss @ 205.26 Details
If 205.74 begins to break higher, the technical summary data tells us to buy SAP just slightly over 205.74, with an upside target of 206.21. The data also tells us to set a stop loss @ 205.26 in case the stock turns against the trade. 205.74 is the first level of resistance above 205.11, and by rule, any break above resistance is a buy signal. In this case, 205.74, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SAP slightly near 205.74, target 202.27, Stop Loss @ 206.22. Details
The technical summary data is suggesting a short of SAP if it tests 205.74 with a downside target of 202.27. We should have a stop loss in place at 206.22 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 205.74, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Sap Se Ads (SAP) available here: SAP.
SAP Ratings for July 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
188.02 |
| P2 |
202.27 |
201.73 |
200.79 |
| P3 |
205.74 |
206.21 |
213.63 |
AI Generated Signals for SAP
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for SAP:
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