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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 17052

Date Daily Closing Price Open High Low Volume
21 Tue May 2024 1767.10 1830.00 1830.00 1725.60 0.782 times
20 Mon May 2024 1830.00 1770.05 1868.00 1769.45 1.145 times
17 Fri May 2024 1862.55 1735.25 1881.00 1728.35 2.436 times
16 Thu May 2024 1719.00 1780.05 1815.95 1702.20 1.116 times
15 Wed May 2024 1787.85 1709.10 1802.00 1709.10 0.963 times

My analysis of stock is bearish for shortterm, and stock might move down till 1707.4 or till 1625. Use a stoploss of 1776.05 and if the stock hits stoploss, then it can shoot up till 1844.69

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 1577.35
Downside Target 1624.00
Downside Target 1725.05
Upside Target 1798.00
Upside Target 1868.00
Upside Target 1881.00
Upside Target 1962.85
Upside Target 1968.85

Intraday share price targets for Sobha (Sobha)

Target Type Value
Downside Intraday Target 1705.8
Downside Intraday Target 1644.5
Upside Intraday Target 1848.2
Upside Intraday Target 1929.3
Upside Intraday Target 1786.9

Weekly technical analysis of Sobha (Sobha)

Date Weekly Closing Price Open High Low Volume
21 Tue May 2024 1767.10 1770.05 1868.00 1725.60 0.308 times
17 Fri May 2024 1862.55 1701.75 1881.00 1624.00 1.015 times
10 Fri May 2024 1698.85 1872.95 1962.85 1677.30 1.455 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

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
21 Tue May 2024 1767.10 1788.15 1968.85 1624.00 0.974 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 down 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, 16, 13 Buy
MACD 103, 111Sell
Stochastics 62None
CCI 19Sell
RSI 56Buy
OBV 146535Sell
VWAP 1777Sell
ADL 0Sell
ROC -3Sell
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 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 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 losing 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 stronger in this stock.

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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 1777.12 and Sobha (Sobha) 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 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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