Fresh buy signal: SAP jumps 12.5%
SAP stock: +12.5% in a week, a fresh buy signal fires in the 161 area
Fresh buy signal: SAP jumps 12.5%
Our view last week
SAP closes the week up 1.7%, with buyers taking 92% of the volume and pushing the price back toward the 141 area. Beneath the surface, the sell signal keeps losing ground: money flow turns positive for the first time in weeks, and the MACD keeps improving. SAP shares stay boxed in a tight band, between the 138 and 142 areas, waiting for a break to set the direction.
This week's summary
SAP stock just posted a striking candle: +12.5% in the week just closed, with buyers commanding 87.6% of the volume and money flow swinging firmly positive. SAP joins the European stocks with a fresh buy signal this week, ranking 4th of 12. Weekly technical analysis shows a picture still to be confirmed, though: the price hasn't yet attacked its recent highs, and the entry stays cautious.
IQS Phase
63
ordinary
Signal Strength
63
medium
Sizing
STANDARD
Ranking
#4 / 12
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 4th among the 12 fresh Longs for European-UK stocks in our ranking, with a signal strength of 63 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV3
Sector regimeweak phase
Performanceweekly -0.23% · monthly -6.25%
SAP belongs to the european sector (reference ETF EXV3). The sector is classified weak phase according to our weekly reading.
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