Buy signal active, week 3
SAP climbs 4.4% and edges back toward its 7-day high
Our view last week
SAP's buy signal, which fired two weeks ago, holds this week: the stock closes up 1.2%, and the daily chart keeps building higher lows, from the 128 area toward the 175 area. The weekly structure stays bullish, though with a few flags — contracting volumes, softer buyer dominance — and the price now sits right below the 7-day high, in the 185.7 area: a break there would open the door to the next targets. SAP stock stays near the top of our European stocks ranking.
This week's summary
SAP keeps climbing, closing the week up 4.4% and pushing right up to its 7-day high, in the 188.4 area. The daily chart keeps building higher lows, RSI is now above 70, and buyers control 94% of trading volume. The buy signal, which fired three weeks ago, holds firm, and SAP ranks 2nd among the 70 open European buy signals.
IQS Phase
74
in tension
Signal Strength
87
high · wide move
Sizing
FULL
Ranking
#2 / 70
EU-UK stocks in progress
Trade P&L %
+19.30%
from signal to date, no stop loss
Rank position
ranks 2nd among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV3
Sector regimeweak phase
Performanceweekly -1.88% · monthly +3.58%
SAP belongs to the european sector (reference ETF EXV3). The sector is classified weak phase according to our weekly reading.
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