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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 108716

Date Daily Closing Price Open High Low Volume
20 Mon May 2024 612.85 614.95 616.15 610.00 0.134 times
17 Fri May 2024 612.90 605.85 613.90 597.70 0.206 times
16 Thu May 2024 604.85 608.55 612.65 602.00 0.725 times
15 Wed May 2024 604.55 586.65 607.75 581.40 5.073 times
14 Tue May 2024 579.90 572.40 582.50 568.10 0.225 times

My analysis of stock is bearish for shortterm, and stock might move down till 592.5 or till 559.1. Use a stoploss of 620.24 and if the stock hits stoploss, then it can shoot up till 648.01

Share price targets for Sonacoms (Sonacoms)

Target Type Value
Downside Target 561.70
Downside Target 579.00
Downside Target 603.60
Upside Target 647.00
Upside Target 647.95
Upside Target 654.10
Upside Target 670.20
Upside Target 681.00
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 609.85
Downside Intraday Target 606.85
Upside Intraday Target 616
Upside Intraday Target 619.15
Upside Intraday Target 613

Weekly technical analysis of Sonacoms (Sonacoms)

Date Weekly Closing Price Open High Low Volume
20 Mon May 2024 612.85 614.95 616.15 610.00 0.017 times
17 Fri May 2024 612.90 591.00 613.90 565.05 2.721 times
10 Fri May 2024 590.45 615.00 623.00 588.30 0.593 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

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 Sonacoms (Sonacoms)

Date Monthly Closing Price Open High Low Volume
20 Mon May 2024 612.85 647.95 647.95 565.05 0.862 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 18, 27, 19 Sell
MACD -25, -26Buy
Stochastics 78Buy
CCI 73Buy
RSI 43Sell
OBV 216064Sell
VWAP 599Buy
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Sonacoms ( (Sonacoms) ) 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 Sonacoms ( (Sonacoms) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Weak and stock is losing momentum.

MACD generated a BUY signal for Sonacoms in short term but the buy signal is initial and weak.

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

Sonacoms Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 buy signal for Sonacoms in short term and BUY 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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 599.48 and Sonacoms (Sonacoms) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 is giving positive 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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