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

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

Sonic Automotive trades in USA in Consumer Durables sector.

Showing technical analysis as on 2024-01-16 View latest technical analysis

10 day averaged volume of Sonic Automotive is 165850

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	50.51	50.23	51.01	49.49	1.165 times
12 Fri Jan 2024	50.66	53.32	53.34	49.97	1.044 times
12 Fri Jan 2024	50.66	53.32	53.34	49.97	1.044 times
11 Thu Jan 2024	52.88	53.53	53.70	51.83	1.478 times
10 Wed Jan 2024	54.14	54.16	54.25	53.42	0.456 times
09 Tue Jan 2024	54.45	54.33	54.63	53.58	0.614 times
08 Mon Jan 2024	54.90	54.04	55.28	54.00	0.711 times
05 Fri Jan 2024	54.27	53.19	54.98	53.19	0.784 times
04 Thu Jan 2024	53.76	53.48	54.56	53.06	1.501 times
03 Wed Jan 2024	53.77	55.27	55.43	53.58	1.03 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 49.9, for a target of 52.6 or 54.81

Share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Target	41.19
Downside Target	47.06
Downside Target	48.37
Downside Target	49.49
Upside Target	51.01
Upside Target	53.06
Upside Target	55.28
Upside Target	56.14
Upside Target	56.25
Upside Target	57.30
Upside Target	57.96
Upside Target	58.69

Intraday share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Intraday Target	49.66
Downside Intraday Target	48.82
Upside Intraday Target	51.18
Upside Intraday Target	51.86
Downside Intraday Target	50.34

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	50.51	50.23	51.01	49.49	1.116 times
12 Fri Jan 2024	50.66	53.32	53.34	49.97	0.243 times
12 Fri Jan 2024	50.66	54.04	55.28	49.97	0.925 times
05 Fri Jan 2024	54.27	55.62	57.30	53.06	4.966 times
29 Fri Dec 2023	56.21	57.61	57.96	56.14	0.261 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 Sonic Automotive (SAH)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	50.51	55.62	57.30	49.49	0.383 times
29 Fri Dec 2023	56.21	51.20	58.69	48.37	0.987 times
30 Thu Nov 2023	51.27	48.14	56.25	47.09	0.689 times
31 Tue Oct 2023	47.85	47.85	51.15	41.19	1.237 times

Scroll below to view daily charts

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 Sonic Automotive (SAH)

Price action analysis of Sonic Automotive ( (SAH) ) 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 Sonic Automotive ( (SAH) ) 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 Sonic Automotive ( (SAH) ) based on a mid to longer 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.

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

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

Sonic Automotive 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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sonic Automotive in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 Sonic Automotive is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 52.77 and Sonic Automotive (SAH) 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 Sonic Automotive (SAH) stock. Volume based technical analysis of Sonic Automotive (SAH) stock is negative.

Sonic Automotive 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.