GEREquity · Weekly research terminal

SAP VWAP Analysis, Price & Key Levels

SAP SE

DE Technology Software - Application

Latest week
21 Aug 2026
Chart Console
Weekly close
188.12 EUR
Daily Perspective
Fair value
189.83 EUR
Next-week expectancy
Positive 57.28%
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Sharemaestro
Weekly Chart Pack Completed weekly market data · Independent research

GER · Equity · Germany

SAP

SAP SE

Technology Software - Application

SAP SE, together with its subsidiaries, provides enterprise application and business solutions worldwide. It offers SAP Business AI; SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR, time, payroll, talent and employee experience management, and analytics and planning; and spend management solutions that covers direct and indirect spend, travel and …

Last updated
21 Aug 2026
Exchange
XETRA · GER
Sector
Technology
Industry
Software - Application
Currency
EUR
Market capitalisation
207,779,845,845
Fair value reference
189.83
Next-week expectancy
Positive · 57.28%
Executive chart read

Over the latest 12 completed weeks ending 2026-08-21, SAP rose 16.50%, moving from 161.48 to 188.12. The latest weekly close is above the Trend Line and below Fair Value. Trend Signal is inactive on the latest week and was active in 0 of the last 12 weeks. Relative Strength is -2.16 and has improved across the 12-week window. Market Dynamics is 1.89 on the latest week. Next-week expectancy is positive at 57.28% based on similar historical setup states.

Week Ending
21 Aug 2026
Latest Close
188.12
12-Week Change
16.50%
Trend Signal
Inactive
Next-Week Expectancy
Positive 57.28%
Signal Weeks
0 of 12

VWAP Control

Completed-week volume-weighted structure

VWAP Control

Shows price against its completed-week volume-weighted references, changes in control and the levels that would confirm or weaken the current reading.

Current control Buyer control developing

Price is above the core VWAP, which is falling. 54% of recent weighted activity has been accepted above it.

73/100 pressure
Control Buyer control developing

Pressure 73/100 and +60.9 points over four weeks.

VWAP stack 7 of 7 below price

6 references converge near 158.94: Swing low, Latest earnings VWAP, Year VWAP, High-activity anchor, 13-week VWAP, 26-week VWAP.

Acceptance 54% above

Share of recent completed weighted activity accepted on the prevailing side of the core VWAP.

Core direction -0.3% / week

Four-week direction; change in pace +2.2 pts.

Stretch 2.9 normal ranges above

Price is +22.5% from the core VWAP.

Persistence 4 completed weeks

Price has remained above the core VWAP.

Price, VWAP structure and control transfers

Where control changed

156 completed weeks · Reported weekly volume

Weekly close 13-week VWAP 26-week VWAP 52-week VWAP High-activity anchor Latest earnings VWAP Normal VWAP range Positive transfer Negative transfer
Control backgroundBuyer controlContestedSeller control
Seller control50 · contestedBuyer control
Current VWAP signals

Control, agreement and concentration

Buyer control, but extended
Buyer control, but extended

The VWAP structure is constructive, but price is stretched far enough above the core level to reduce early-entry quality.

Price and VWAP pressure broadly agree

No material six-week disagreement is present between price direction and VWAP control.

VWAP cluster present

6 references converge near 158.94: Swing low, Latest earnings VWAP, Year VWAP, High-activity anchor, 13-week VWAP, 26-week VWAP.

Confirmation and failure levels

Levels that change the current reading

Confirmation Pressure above 60

Pressure holding above 60 while the VWAP stack rises would strengthen the existing buyer-control evidence.

Decision area 173.61

52-week VWAP at 173.61, 7.7% below the latest close.

Weakening level 173.61

A completed close below 52-week VWAP with acceptance moving under 50% would weaken the present structure.

Current VWAP stack

Volume-weighted price levels

52-week VWAP 173.61 -7.71% from close
Swing low 162.56 -13.59% from close
Latest earnings VWAP 162.56 -13.59% from close
Year VWAP 160.52 -14.67% from close
High-activity anchor 157.34 -16.36% from close
13-week VWAP 157.08 -16.50% from close
26-week VWAP 153.61 -18.35% from close
High-activity anchor: 2026-01-30 · Swing low: 2026-07-24 · Latest earnings: 2026-07-24
Estimated activity position

Activity above and below price

Most recent weighted activity is below price, leaving a larger estimated cushion beneath the market.

Estimated from completed weekly typical prices and reported activity; it is not holder-level cost-basis data.
Benchmark, sector and industry

VWAP control comparison

Sector and industry comparisons require at least ten constituents with aligned completed history.

Benchmark · ^GDAXI Broadly aligned with reference

Broadly aligned with reference; control-score gap -6.7 points.

Buyers firmly in control · 80/100
Sector · Technology Broadly aligned with reference

Broadly aligned with reference; control-score gap -1.3 points.

Buyer control developing · 75/100
Industry · Software - Application Stronger control than reference

Stronger control than reference; control-score gap +13.2 points.

Buyer control developing · 60/100
Historical VWAP outcomes

Reclaims, losses and similar states

Descriptive outcomes from this ticker's visible history—not a forecast.

Weekly reclaim 100% favourable
Events
1
Median 4w
+7.44%
Median 13w
+1.03%
Typical best
+12.31%
Typical worst
+1.03%

Completed occasions when price moved back above the core VWAP.

Weekly loss 50% favourable
Events
2
Median 4w
+5.06%
Median 13w
+3.38%
Typical best
+10.47%
Typical worst
-6.30%

Completed occasions when price moved below the core VWAP.

Comparable control states 42 matched weeks
Positive after 4w
52%
Median 4w
+0.26%
Positive after 13w
69%
Median 13w
+6.87%
Best / worst 13w
+26.9% / -16.2%

Outcomes after completed weeks with a similar control score and the same side of the core VWAP.

VWAP control history

Completed changes

  1. VWAP structure turned higher

    The fast VWAP crossed above the core VWAP.

  2. Buyer pressure established

    The completed control reading moved into positive territory.

  3. Core VWAP reclaimed

    Price completed the week back above the core VWAP.

  4. VWAP reclaim rejected

    Price tested above the core VWAP but completed the week back below it.

  5. VWAP structure turned lower

    The fast VWAP crossed below the core VWAP.

  6. VWAP reclaim rejected

    Price tested above the core VWAP but completed the week back below it.

  7. VWAP reclaim rejected

    Price tested above the core VWAP but completed the week back below it.

  8. VWAP reclaim rejected

    Price tested above the core VWAP but completed the week back below it.

Chart Summary

Key Points

Week Ending
21 Aug 2026
Latest Close
188.12
12-Week Change
16.50%
Trend Signal
Inactive
Next-Week Expectancy
Positive 57.28%
Signal Weeks
0 of 12
Vs Trend Line
Above
Vs Fair Value
Below
Relative Strength
-2.16
Market Dynamics
1.89

Over the latest 12 completed weeks ending 2026-08-21, SAP rose 16.50%, moving from 161.48 to 188.12. The latest weekly close is above the Trend Line and below Fair Value. Trend Signal is inactive on the latest week and was active in 0 of the last 12 weeks. Relative Strength is -2.16 and has improved across the 12-week window. Market Dynamics is 1.89 on the latest week. Next-week expectancy is positive at 57.28% based on similar historical setup states.

Industry Peers

Germany equities in Software - Application

Stock Exchange Week Open High Low Close Change
TPG0 The Platform Group SE & Co. KGaA GER 21 Aug 2026 0.83 1.14 0.83 1.02 22.29%
AOF ATOSS Software SE GER 21 Aug 2026 90.30 98.60 89.40 98.00 8.53%
FOO Salesforce, Inc. GER 21 Aug 2026 167.94 180.26 164.68 179.80 7.06%
NEM Nemetschek SE GER 21 Aug 2026 61.45 66.00 60.25 65.75 7.00%
ITU Intuit Inc. GER 21 Aug 2026 296.60 317.40 289.10 316.20 6.61%
ADB Adobe Inc. GER 21 Aug 2026 225.80 237.00 219.00 236.10 4.56%
CSH CENIT Aktiengesellschaft GER 21 Aug 2026 6.80 7.24 6.80 7.10 4.41%
UT8 Uber Technologies, Inc. GER 21 Aug 2026 65.96 68.70 63.64 68.04 3.15%
FAA Fabasoft AG GER 21 Aug 2026 15.55 16.00 14.90 15.80 1.61%
ADP Automatic Data Processing, Inc. GER 21 Aug 2026 237.35 241.15 230.25 241.15 1.60%
AUD AUTODESK INC. R GER 21 Aug 2026 215.25 219.05 206.95 218.55 1.53%
MUM Mensch und Maschine Software SE GER 21 Aug 2026 36.65 37.45 35.55 37.20 1.50%
VRL Net-Digital AG GER 21 Aug 2026 16.70 17.00 16.20 16.80 0.60%
TMV TeamViewer SE GER 21 Aug 2026 6.75 6.91 6.54 6.78 0.37%
ISHA INTERSHOP Communications Aktiengesellschaft GER 21 Aug 2026 1.55 1.60 1.49 1.54 -0.65%
SJJ Serviceware SE GER 21 Aug 2026 14.80 14.95 14.40 14.70 -0.68%

Next-week expectancy

Next-week expectancy is a short-term historical read. It compares the latest completed-week setup with broadly similar past setups and asks whether the following week tended to close higher or lower.

It is not a trend call, a price target, or a guarantee. A positive read can appear while price is below trend or activity pressure is weak, because it is measuring short-term follow-through odds for the current setup state.

Use it as one context layer beside Trend Line, Relative Strength, Market Dynamics, Fair Value, and the visible price structure.

Understanding the evidence

Smart Money

Smart Money is Sharemaestro’s proprietary completed-week view of whether the support beneath price is constructive, weakening, rebuilding or carrying increased reversal risk.

How to read the chart

Start with the current reading and trend quality. Then use the momentum path, coloured trend line, cycle ribbon and event markers to see whether the evidence agrees or conflicts.

What the markers mean

Positive markers identify completed-week accumulation or Smart Money events. Warning markers identify a loss of demand support, reversal risk or reversal danger. A marker records a change in evidence; it does not predict the next price.

What it is not

Smart Money is not a forecast, price target, transaction feed or standalone buy or sell instruction. It is most useful when its direction and trend quality agree with the visible price structure.

Understanding market perception

Price Cycle

Price Cycle is Sharemaestro’s proprietary completed-week view of how strongly price is pressing above or below its established market position.

How to read it

Start with market position, then read direction and trend quality. Positive pressure can strengthen or cool; negative pressure can deteriorate or begin repairing. Persistence shows whether the current state is established or newly developing.

Full-height dotted guides mark completed crossovers through balance: green for a move into positive pressure and red for a move into negative pressure. The coloured area between them shows the resulting market-perception zone.

How to use the historical context

Historical position shows how unusual the latest reading is for this market. Comparable observations summarise what followed similar completed states, but they are descriptive evidence rather than a forecast.

What a Price Action signal means

A Price Action signal marks a completed confirmation event from a weak market-perception position. It records a change in evidence, not a forecast or instruction.

What it is not

Price Cycle is not an order-flow feed, valuation target, prediction or standalone instruction to buy or sell. It describes completed price pressure and should be considered with the broader Sharemaestro research view.

Understanding the completed weekly tape

Price Action

Price Action explains how a market is behaving against its own completed price history. It brings the weekly candle, trend relationship, structural levels and participation into one clear view.

How to read the chart

Each candle shows a completed week's open, high, low and close. The trend reference provides longer context. Support and resistance mark completed structural areas below and above price, while the lower panel shows whether participation confirmed or contradicted the move.

What the annotations mean

Annotations identify selected completed events such as a trend reclaim, trend loss, high-participation reversal or published Price Action signal. Their arrows point to the exact completed week involved.

New and recently listed markets

When history is limited, the page still explains the current candle and visible structure, while clearly marking longer-term evidence and comparisons as developing. It does not manufacture certainty from an incomplete record.

What it is not

Price Action is not a forecast, price target, live order book or standalone instruction to buy or sell. It is a structured interpretation of completed weekly evidence.

Understanding the chart

What Market Dynamics shows

Market Dynamics shows whether the support beneath a completed price move is strengthening or weakening. Green bars are supportive, red bars are cautious, and the height of each bar shows how forceful the finished reading is.

Read price and the bars together

When price and Market Dynamics strengthen together, the move has broader confirmation. When price rises while Market Dynamics fades, the move is losing support and risk can be building near the upper zone. When price remains weak while Market Dynamics begins to improve, an opportunity may be forming near the lower zone before price has fully responded.

Zones and event markers

The upper and lower zones highlight completed periods where price and underlying support deserve closer attention. Early positioning signals mark improving support near the lower part of the chart. Reversal risk and reversal danger markers highlight increasing disagreement near the upper part. They are observations to investigate, not automatic instructions.

Use the explainer when needed

Turn on Explainer above the chart to label the published event markers. The labels point to the exact completed week and remain off by default so the full chart stays uncluttered.

What it does not show

Market Dynamics is not a forecast, price target or standalone buy or sell signal. Divergence can persist, so the reading should be considered with price structure, trend and the wider research view.

Understanding the evidence

SMI

SMI is Sharemaestro’s proprietary completed-week indicator of underlying market quality. It shows whether the conditions beneath a price move are strong, weak, strengthening or weakening.

How to read it

Read the current level together with its direction, persistence and relationship to price. Agreement with price provides stronger confirmation. Disagreement identifies an area that deserves closer attention.

What it is not

SMI is not a forecast, price target or standalone buy or sell signal. It updates from completed weekly evidence and should be considered alongside the broader Sharemaestro research view.

Current VWAP signals

What it is

A summary of the latest completed-week control reading, the relationship between price and VWAP pressure, and the concentration of current VWAP references.

What it shows

The first visual shows pressure over time. The second compares recent price direction with pressure direction. The third plots the current volume-weighted levels around the latest close.

Why it matters

Agreement supports the current reading. Divergence can show that price is moving without the same change in volume-weighted control. A tight group of levels can create a clearer decision area.

Confirmation and failure levels

What it is

A map of the nearest completed-week levels that would strengthen, test or weaken the current VWAP reading.

What it shows

The current close sits between the nearest support and resistance references. When no price resistance is established, sustained pressure above 60 provides the confirmation test instead.

Why it matters

A completed close and continued acceptance carry more weight than an intraday touch. These are research levels, not automatic entry, exit or stop prices.

Volume-weighted price levels

What it is

The current 13-, 26- and 52-week VWAPs together with the calendar, high-activity, swing and latest earnings anchors when available.

What it shows

Each marker shows a completed-week reference and its distance from the latest close. Closely grouped markers identify concentration; separated markers show a wider structure.

Why it matters

Several rising references below price provide broader support than one isolated level. Several references above price can create layered resistance.

Estimated activity position

What it is

An estimate of where reported activity occurred relative to the latest price across the last 52 completed weeks.

What it shows

The bar divides weighted activity above and below price. The ring shows the share concentrated close to the latest price.

Why it matters

Activity below price may provide a larger cushion; activity above price may represent overhead supply. High near-price congestion can make control less decisive.

This is not transaction-level volume-at-price or holder cost-basis data.

VWAP control comparison

What it is

A completed-week comparison between the ticker's VWAP pressure and its benchmark, sector and industry references.

What it shows

Each small chart plots the ticker and reference over the latest 26 weeks. The final readings show the size and direction of the current gap.

Why it matters

A ticker strengthening while its reference weakens has different relative control from one merely following its group. Sector and industry readings appear only with at least ten aligned constituents.

Historical VWAP outcomes

What it is

A summary of returns after this ticker's earlier completed VWAP reclaims, VWAP losses and states similar to the current one.

What it shows

The range marks typical or observed 13-week outcomes, the centre line marks zero, and the point marks the median. Favourable rates and sample sizes are shown beside the chart.

Why it matters

It shows how this ticker behaved after comparable completed evidence. Small samples and wide ranges reduce confidence. The results describe history and are not a forecast.

Understanding volume-weighted control

VWAP Control

VWAP Control shows where the completed weekly market sits against its important volume-weighted price references, whether those references are rising or falling, and whether trading has been accepted above or below them.

How to read it

Start with current control, then inspect the VWAP stack, acceptance and direction. Several rising VWAPs below price support buyer control. Several falling VWAPs above price support seller control. A first reclaim or loss marks a possible transfer; later acceptance and a successful test provide stronger evidence.

Pressure, stretch and positioning

Pressure combines the finished position, direction, persistence and acceptance readings into a 0–100 research scale. Stretch compares price with its normal completed range around the core VWAP. Positioning pressure estimates where recent weighted activity occurred relative to price; it does not identify individual holders.

Historical outcomes

Event studies describe what followed earlier completed reclaims, losses and comparable control states for this ticker. Small samples are shown plainly and no historical result is treated as a forecast.

What it is not

This is not an intraday execution VWAP, live order-flow feed, transaction-level cost basis, price target or standalone instruction to buy or sell. It uses completed weekly OHLCV history and updates with the weekly chart data.

Evidence context