SAP: the Dax heavy goods vehicle in contact with a resistance zone

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Sap: dax heavy goods vehicle:

The German technological giant SAP with its market capitalization of 323 billion euros, or 15% of the total capitalization of the Dax, came to test yesterday an oblique resistance passing through the summits of February and June.

In a commercial context which remains tense between the United States. Moreover, many countries, and with the season of quarterly results that are approaching, the question of continuing the consolidation phase on the title arises.

The course ratio benefits SAP action is 53. Moreover, which is high, even if we know very well that technological values, often growth values, can continue to perform on the stock market despite high valuation multiple.

It is perhaps less the valuation of the action than its stock market performance since 2022. which could push investors to delay for some time. After 250% increase between September 2022 sap: dax heavy goods vehicle and February 2025, SAP has already entered a consolidation phase for around 5 months.

It is also advisable to look on the side of the United States where the NASDAQ100 index grouping together the technological “wide CAP” has scored new records in recent days when the rate environment remains high. that the “guidances” of large groups are expected in an uncertain global commercial situation and that competition around artificial intelligence is raging.

A correction movement on the NASDAQ100 could influence the trajectory of technological values ​​on this side of the Atlantic.

From a technical point of view. the possible consolidation zone goes from the oblique resistance tested yesterday, currently at 270 euros, and the oblique support passing through the hollows of 2024 and 2025, currently going to 225 euros. A return to this support level would imply a correction of approximately 13%. a scenario which does not seem impossible in sap: dax heavy goods vehicle the current context.

sap: dax heavy goods vehicle — Sap: dax heavy goods vehicle: The German technological giant SAP with its market capitalization of 323 billion euros. or 15% of the total capitalization of the Dax, came to test yesterday an oblique resistance passing through the summits of February and June. In a commercial con.

Sap: dax heavy goods vehicle

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