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(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 21846

Date Daily Closing Price Open High Low Volume
07 Tue May 2024 1824.05 1929.90 1962.85 1786.25 1.365 times
06 Mon May 2024 1942.50 1872.95 1954.00 1819.95 2.02 times
03 Fri May 2024 1856.40 1868.40 1968.85 1841.40 1.931 times
02 Thu May 2024 1843.45 1788.15 1856.00 1758.00 0.816 times
30 Tue Apr 2024 1776.65 1725.05 1780.80 1725.05 0.336 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1806.6, but if it comes below 1806.6, then a intra day sell could be more profitable.
If you take a sell trade below 1806.6, then use 1806.6 as stoploss and 1694.38 as target. However if you take a buy trade in stock , then use 1806.6 as stoploss and 1941.2 as target.

Share price targets for Sobha (Sobha)

Target Type Value
Downside Target 989.30
Downside Target 1207.40
Downside Target 1258.95
Downside Target 1426.85
Downside Target 1501.05
Downside Target 1577.35
Downside Target 1636.00
Downside Target 1725.05
Downside Target 1786.25
Downside Target 1798.00
Upside Target 1962.85
Upside Target 1968.85

Intraday share price targets for Sobha (Sobha)

Target Type Value
Downside Intraday Target 1752.58
Downside Intraday Target 1681.12
Upside Intraday Target 1929.18
Upside Intraday Target 2034.32
Upside Intraday Target 1857.72

Weekly technical analysis of Sobha (Sobha)

Date Weekly Closing Price Open High Low Volume
07 Tue May 2024 1824.05 1872.95 1962.85 1786.25 1.025 times
03 Fri May 2024 1856.40 1745.75 1968.85 1725.05 0.738 times
26 Fri Apr 2024 1751.70 1589.00 1798.00 1589.00 1.605 times
19 Fri Apr 2024 1579.15 1501.05 1636.00 1501.05 0.811 times
12 Fri Apr 2024 1601.35 1558.00 1688.35 1530.30 1.129 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
07 Tue May 2024 1824.05 1788.15 1968.85 1758.00 0.428 times
30 Tue Apr 2024 1776.65 1437.60 1798.00 1426.85 0.821 times
28 Thu Mar 2024 1444.25 1589.95 1655.20 1207.40 0.941 times
29 Thu Feb 2024 1566.10 1447.90 1677.60 1258.95 0.247 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 31, 13, 40 Buy
MACD 178, 157Buy
Stochastics 74Buy
CCI 73Sell
RSI 53Buy
OBV 167471Sell
VWAP 1821Buy
ADL 0Sell
ROC 13Buy
Force Index 0Sell

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 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 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 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 Strong and stock is losing momentum.

MACD generated a BUY signal for Sobha in short term and the buy signal is strong.

Sobha Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 coming down

CCI has generated a SELL signal for Sobha in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 1821.23 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 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.

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