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

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

10 day averaged volume of Sonacoms is 85165

Date Daily Closing Price Open High Low Volume
08 Wed May 2024 614.85 613.25 618.00 606.10 0.741 times
07 Tue May 2024 614.30 608.65 616.00 600.05 0.474 times
06 Mon May 2024 606.45 615.00 619.00 605.00 0.97 times
03 Fri May 2024 610.45 615.00 620.95 607.65 1.332 times
02 Thu May 2024 608.55 647.95 647.95 606.25 3.128 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 622, but if it comes above 622, then a intra day buy could be more profitable.
If you take a sell trade below 622, then use 622 as stoploss and 591.4 as target. However if you take a buy trade in stock , then use 622 as stoploss and 647.44 as target.

Share price targets for Sonacoms (Sonacoms)

Target Type Value
Downside Target 561.70
Downside Target 579.00
Downside Target 600.05
Upside Target 619.00
Upside Target 642.80
Upside Target 670.20
Upside Target 681.00
Upside Target 691.10
Upside Target 706.05
Upside Target 713.40
Upside Target 716.00
Upside Target 718.55

Intraday share price targets for Sonacoms (Sonacoms)

Target Type Value
Downside Intraday Target 603.6
Downside Intraday Target 592.35
Upside Intraday Target 622.55
Upside Intraday Target 630.25
Downside Intraday Target 611.3

Weekly technical analysis of Sonacoms (Sonacoms)

Date Weekly Closing Price Open High Low Volume
08 Wed May 2024 614.85 615.00 619.00 600.05 0.356 times
03 Fri May 2024 610.45 650.25 654.10 606.25 1.907 times
26 Fri Apr 2024 647.75 672.45 681.00 647.00 0.787 times
19 Fri Apr 2024 681.40 669.75 691.10 652.10 0.474 times
12 Fri Apr 2024 679.85 663.55 706.05 642.80 2.495 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 Sonacoms (Sonacoms)

Date Monthly Closing Price Open High Low Volume
08 Wed May 2024 614.85 647.95 647.95 600.05 0.315 times
30 Tue Apr 2024 625.60 711.35 713.40 624.00 1.217 times
28 Thu Mar 2024 705.55 692.05 716.00 603.60 0.82 times
29 Thu Feb 2024 689.45 620.15 718.55 579.00 1.011 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 Sonacoms (Sonacoms)

Indicator Name Indicator Value Indicator Signal
ADX 10, 26, 43 Sell
MACD -21, -13Sell
Stochastics 13Sell
CCI -67Buy
RSI 40Sell
OBV 472402Sell
VWAP 623Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Sonacoms ( (Sonacoms) ) based on a short 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 Sonacoms ( (Sonacoms) ) based on a short 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 Sonacoms ( (Sonacoms) ) 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 Sonacoms ( (Sonacoms) ) 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 Sonacoms stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Sonacoms Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 Sonacoms in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Sonacoms is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 622.53 and Sonacoms (Sonacoms) 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 Sonacoms (Sonacoms) stock. Volume based technical analysis of Sonacoms (Sonacoms) stock is negative.

Sonacoms 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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