SAP SE ADS (NYSE:SAP) on Thursday disclosed a multi-year strategic technology partnership with agricultural innovation company Syngenta to advance AI-driven innovation across Syngenta's worldwide operations.
Details
The partnership will integrate artificial intelligence throughout Syngenta's operations, modernizing processes and accelerating innovation through advanced data analytics.
The financial terms of the contract were not disclosed.
Syngenta will implement SAP Cloud ERP Private solutions to modernize operations across its value chain, enhancing flexibility, resilience, and scalability, while aiming to accelerate innovation, reinforce its agricultural leadership, and protect operations against market volatility.
With SAP Business Data Cloud, the company will establish a secure, unified, and scalable data foundation to enable real-time decision-making and AI integration.
Leveraging SAP Business AI and tools like the Joule copilot, Syngenta will make faster, more informed decisions, boost operational efficiency, and provide growers with improved products and services while maintaining control and privacy over their data.
With this deal, Syngenta aims to leverage AI tools enterprise-wide to support feeding an estimated 10 billion people by 2050.
SAP will report fourth-quarter earnings results on January 29.
SAP Technical Analysis
SAP SE (SAP) is currently positioned below its key moving averages, indicating a bearish trend. The stock is trading 2.1% below its 20-day SMA, 2.7% below its 50-day SMA, and significantly below its 100-day and 200-day SMAs, which are 7.2% and 12.6% below, respectively.
The RSI is at 42.68, suggesting a neutral momentum phase. This level indicates that SAP SE’s stock is neither overbought nor oversold, which could mean it's consolidating before making a more decisive move.
Currently, MACD is above its signal line, indicating some bullish momentum. This could suggest a potential for upward movement if the stock can maintain this momentum and break through resistance levels.
Traders should watch the support level at $234.50 and the resistance level at $246.50 closely. A breach below support could signal further downside, while a move above resistance might indicate a trend reversal.
In September, a death cross occurred when the 50-day SMA crossed below the 200-day SMA, which is a bearish signal. This crossover has contributed to the current downward trend and should be monitored for its implications on future price action.
Over the past 12 months, SAP SE’s stock has declined by 8.75%, reflecting a longer-term bearish trend. This performance highlights the challenges the stock has faced, especially after reaching a 52-week high of $313.28 in July and then dropping to a low of $233.51 in November.
Currently, SAP SE’s stock is trading near the lower end of its 52-week range, at about 6.1% above its recent low. This positioning suggests that the stock is under pressure and may need to show strength to regain higher levels.
SAP Price Action: Sap shares were down 0.06% at $238.74 during premarket trading on Thursday, according to Benzinga Pro data.
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