WalkMe's stock price has increased, driven by SAP's acquisition.

Jun 7

The weekly price movements of WalkMe Ltd. The stock experienced a significant price increase, driven by the news that SAP intends to acquire WalkMe in an all-cash deal valued at approximately $1.5 billion. This acquisition news is highlighted in the chart.

Key Elements of the Chart:
1. Price Movement:

• The stock's price surged from around $9.10 to a high of $13.96, closing at $13.75, marking a substantial 51.10% increase in a single week.
  

Support and Resistance Levels:

• Support: The chart identifies support levels at approximately $7.63.
  
• Resistance: There are resistance levels around $11.52 and $14.00, with a historical resistance level at $17.00.
  

Stochastic RSI:

• The Stochastic RSI indicator is in the overbought territory, with values of 97.45 and 75.79, suggesting that the stock might be overextended in the short term.
  

Cumulative Volume Delta (CVD):

• The CVD indicates a positive buying volume of 23.883 million, which supports the bullish price movement.
  
  Important: DYOR before investing in stocks