(SOBHA) Sobha complete technical analysis [charts+indicators] | Buy/Sell Sobha | (SOBHA) share price targets
Complete technical analysis of Sobha (SOBHA) by charts plus indicators, forecast predictions and share price targets for Sobha (SOBHA)
10 day averaged volume of Sobha is 282791
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 1862.55 | 1733.50 | 1894.00 | 1725.75 | 1.443 times |
| 16 Thu May 2024 | 1718.85 | 1804.00 | 1818.15 | 1702.00 | 0.785 times |
| 15 Wed May 2024 | 1788.30 | 1725.00 | 1802.00 | 1725.00 | 0.916 times |
| 14 Tue May 2024 | 1704.10 | 1651.20 | 1750.00 | 1632.00 | 1.096 times |
| 13 Mon May 2024 | 1639.90 | 1700.00 | 1711.10 | 1621.00 | 0.873 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1841.7, but if it comes below 1841.7, then a intra day sell could be more profitable.
If you take a sell trade below 1841.7, then use 1841.7 as stoploss and 1756.03 as target. However if you take a buy trade in stock , then use 1841.7 as stoploss and 1944.5 as target.
Share price targets for Sobha (SOBHA)
| Target Type | Value |
| Downside Target | 987.25 |
| Downside Target | 1207.05 |
| Downside Target | 1258.35 |
| Downside Target | 1425.10 |
| Downside Target | 1513.45 |
| Downside Target | 1577.95 |
| Downside Target | 1621.00 |
| Downside Target | 1726.05 |
| Downside Target | 1798.90 |
| Upside Target | 1894.00 |
| Upside Target | 1964.80 |
| Upside Target | 1969.05 |
Intraday share price targets for Sobha (SOBHA)
| Target Type | Value |
| Downside Intraday Target | 1691.03 |
| Downside Intraday Target | 1519.52 |
| Upside Intraday Target | 1964.03 |
| Upside Intraday Target | 2065.52 |
| Downside Intraday Target | 1792.52 |
Weekly technical analysis of Sobha (SOBHA)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 1862.55 | 1700.00 | 1894.00 | 1621.00 | 1.046 times |
| 10 Fri May 2024 | 1696.95 | 1859.90 | 1964.80 | 1679.95 | 1.252 times |
| 03 Fri May 2024 | 1856.00 | 1752.90 | 1969.05 | 1726.05 | 0.543 times |
| 26 Fri Apr 2024 | 1752.55 | 1591.85 | 1798.90 | 1583.00 | 3.479 times |
| 19 Fri Apr 2024 | 1578.30 | 1542.00 | 1637.00 | 1513.45 | 0.35 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Sobha (SOBHA)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 1862.55 | 1790.00 | 1969.05 | 1621.00 | 0.621 times |
| 30 Tue Apr 2024 | 1776.75 | 1436.60 | 1798.90 | 1425.10 | 0.854 times |
| 28 Thu Mar 2024 | 1448.75 | 1565.45 | 1659.00 | 1207.05 | 0.9 times |
| 29 Thu Feb 2024 | 1565.15 | 1450.00 | 1675.00 | 1258.35 | 0.215 times |
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Sobha (SOBHA)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 25, 17, 20 | Buy |
| MACD | 106, 115 | Sell |
| Stochastics | 49 | None |
| CCI | 52 | Buy |
| RSI | 58 | Buy |
| OBV | 2449679 | Sell |
| VWAP | 1783 | Buy |
| ADL | 0 | Sell |
| ROC | 0 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Sobha ( (SOBHA) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Sobha ( (SOBHA) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Sobha ( (SOBHA) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Sobha ( (SOBHA) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Sobha stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Sobha in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Sobha Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Sobha in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Sobha is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 1783.28 and Sobha (SOBHA) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Sobha (SOBHA) stock. Volume based technical analysis of Sobha (SOBHA) stock is negative.
Sobha Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Click here for further forecast and predictions for tomorrow
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