(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 284980
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Wed May 2024 | 1801.10 | 1780.80 | 1815.00 | 1767.95 | 0.886 times |
| 21 Tue May 2024 | 1766.75 | 1800.00 | 1800.00 | 1726.00 | 1.556 times |
| 20 Mon May 2024 | 1831.15 | 1777.00 | 1870.00 | 1777.00 | 0.488 times |
| 17 Fri May 2024 | 1862.55 | 1733.50 | 1894.00 | 1725.75 | 1.432 times |
| 16 Thu May 2024 | 1718.85 | 1804.00 | 1818.15 | 1702.00 | 0.779 times |
My analysis of stock is bullish for shortterm, and stock might move up till 1847.8 or till 1928.8. Use a stoploss of 1780.26 and if this stock hits its stoploss, then it can fall down till 1712.74
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 | 1577.95 |
| Downside Target | 1621.00 |
| Downside Target | 1659.00 |
| Downside Target | 1726.00 |
| Downside Target | 1798.90 |
| Upside Target | 1870.00 |
| 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 | 1728.07 |
| Downside Intraday Target | 1655.03 |
| Upside Intraday Target | 1872.07 |
| Upside Intraday Target | 1943.03 |
| Downside Intraday Target | 1799.03 |
Weekly technical analysis of Sobha (SOBHA)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Wed May 2024 | 1801.10 | 1777.00 | 1870.00 | 1726.00 | 0.578 times |
| 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 |
Price has moved down 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 |
| 22 Wed May 2024 | 1801.10 | 1790.00 | 1969.05 | 1621.00 | 0.76 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 | 21, 18, 9 | Buy |
| MACD | 101, 109 | Sell |
| Stochastics | 60 | None |
| CCI | 58 | Buy |
| RSI | 57 | Buy |
| OBV | 1886738 | Sell |
| VWAP | 1758 | Buy |
| ADL | 0 | Sell |
| ROC | -1 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Sobha ( (SOBHA) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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.
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. Bulls are getting tired and bears 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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Sobha is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 1757.94 and Sobha (SOBHA) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Sobha (SOBHA) stock. Volume based technical analysis of Sobha (SOBHA) stock is negative.
Sobha Stock has given negative 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.
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