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(SONATSOFTW) Sonata Software complete technical analysis [charts+indicators] | Buy/Sell Sonata Software | (SONATSOFTW) share price targets

Complete technical analysis of Sonata Software (SONATSOFTW) by charts plus indicators, forecast predictions and share price targets for Sonata Software (SONATSOFTW)

10 day averaged volume of Sonata Software is 1565705

Date Daily Closing Price Open High Low Volume
22 Wed May 2024 519.30 527.50 529.25 511.65 0.664 times
21 Tue May 2024 524.35 539.90 539.95 522.00 0.461 times
20 Mon May 2024 536.15 535.95 538.35 534.00 0.044 times
17 Fri May 2024 535.20 535.00 538.00 528.95 0.812 times
16 Thu May 2024 531.90 535.00 539.00 525.65 0.426 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 515.9 as stoploss in an intra day buy trade for a target of 591.51. However, stock will show a bearish move below 515.9.

Share price targets for Sonata Software (SONATSOFTW)

Target Type Value
Downside Target 496.50
Downside Target 511.65
Upside Target 539.95
Upside Target 656.55
Upside Target 690.15
Upside Target 704.05
Upside Target 705.00
Upside Target 710.50
Upside Target 769.70
Upside Target 779.50
Upside Target 840.00
Upside Target 870.00

Intraday share price targets for Sonata Software (SONATSOFTW)

Target Type Value
Downside Intraday Target 507.32
Downside Intraday Target 495.33
Upside Intraday Target 535.62
Upside Intraday Target 551.93
Upside Intraday Target 523.63

Weekly technical analysis of Sonata Software (SONATSOFTW)

Date Weekly Closing Price Open High Low Volume
22 Wed May 2024 519.30 535.95 539.95 511.65 0.303 times
17 Fri May 2024 535.20 522.00 540.00 498.10 0.356 times
10 Fri May 2024 517.80 670.00 672.25 496.50 9.319 times
03 Fri May 2024 672.25 684.60 705.00 666.45 1.235 times
26 Fri Apr 2024 681.05 675.00 690.15 658.55 0.458 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 Sonata Software (SONATSOFTW)

Date Monthly Closing Price Open High Low Volume
22 Wed May 2024 519.30 698.90 698.90 496.50 1.897 times
30 Tue Apr 2024 691.15 722.00 769.70 656.55 1.335 times
28 Thu Mar 2024 722.35 815.00 840.00 704.05 0.786 times
29 Thu Feb 2024 810.95 769.90 870.00 710.50 0.903 times

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Sonata Software (SONATSOFTW)

Indicator Name Indicator Value Indicator Signal
ADX 11, 42, 59 Sell
MACD -95, -94Sell
Stochastics 32None
CCI -29Sell
RSI 36Sell
OBV -15277128Sell
VWAP 521Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Sonata Software ( (SONATSOFTW) ) based on a short 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 Sonata Software ( (SONATSOFTW) ) 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 Sonata Software ( (SONATSOFTW) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sonata Software ( (SONATSOFTW) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sonata Software stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Sonata Software in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sonata Software 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 coming down

CCI has generated a SELL signal for Sonata Software in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Sonata Software is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 520.57 and Sonata Software (SONATSOFTW) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Sonata Software (SONATSOFTW) stock. Volume based technical analysis of Sonata Software (SONATSOFTW) stock is negative.

Sonata Software Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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