SAP shares rebound near 100‑day average, targeting 200‑day line

SAP's share price showed renewed momentum, trading just below its 100‑day moving average of €161.78. After a 3.41% weekly rise, the stock closed Thursday at €161.74, near the technical support level. Analysts note a double‑bottom pattern confirmed around €158.60, which helped lift the price an additional 8% on Monday to about €171.18.

The move occurs while the broader European software sector benefits from a shift in perception of artificial‑intelligence – seen as an accelerator for enterprise software rather than a threat. The 200‑day moving average at €189.96 remains a key resistance; a sustained break above it would confirm a longer‑term uptrend. Investors are watching for further price action as SAP’s cloud and Business AI businesses drive fundamentals.