SAP shares show early signs of technical rebound

The SAP SE share price, hovering around €140, has struggled to break out of a prolonged downtrend. Since the end of June, the earlier strong selling pressure has eased, and analysts note that the stock is approaching key support zones between €119 and €129.

Technical indicators on the weekly chart are turning bullish: the Relative Strength Index has crossed upward, the MACD shows a bullish crossover, and a divergence suggests possible momentum recovery. Chart patterns indicate the stock is in a corrective wave 4, and a break above the descending trend channel could signal the start of a new upward move. SAP, a leading global enterprise‑software provider headquartered in Walldorf, Germany, has a market capitalisation of roughly €164 billion and is a core component of the DAX index.