Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
SAP SE's stock fell amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels, readying to pierce the pivotal support of 83.50.
Therefore we expect more losses for the stock, targeting the support of 79.80, provided the support of 83.50 was breached.
Expected trend for today: Bearish