SAP has been trading between support at €173.24 and resistance at €202.50 for some time now. Our primary view is that the stock is in a corrective rally, with the high expected between these two levels. The stock should then turn downward again, falling below the €173.24 support. Alternatively, the distinct low from July 2026 could already be a more significant interim bottom, and SAP could immediately rally above the resistance levels at €202.50 and €283.50 (probability: 38%).
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.