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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 2024-02-14 View latest technical analysis

10 day averaged volume of Sonic Automotive is 256280

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	56.24	52.00	56.37	50.39	2.562 times
13 Tue Feb 2024	57.45	57.35	58.74	55.98	1.691 times
12 Mon Feb 2024	59.48	57.55	60.24	57.55	1.796 times
09 Fri Feb 2024	57.25	55.34	57.51	54.60	1.058 times
08 Thu Feb 2024	55.20	53.21	55.46	52.68	1.737 times
07 Wed Feb 2024	53.37	52.49	53.47	52.03	0.711 times
06 Tue Feb 2024	52.31	50.29	52.34	50.15	0.611 times
05 Mon Feb 2024	50.66	50.18	51.40	49.80	0.459 times
02 Fri Feb 2024	51.23	50.63	51.97	50.06	0.492 times
01 Thu Feb 2024	51.68	50.89	51.89	50.41	0.613 times

Stock of Sonic Automotive (SAH) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 55.7, but if it comes below 55.7, then a intra day sell could be more profitable.
If you take a sell trade below 55.7, then use 55.7 as stoploss and 53.12 as target. However if you take a buy trade in stock , then use 55.7 as stoploss and 58.7 as target.

Share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Target	41.19
Downside Target	47.09
Downside Target	48.37
Downside Target	52.19
Downside Target	53.35
Downside Target	54.35
Upside Target	56.25
Upside Target	57.30
Upside Target	57.51
Upside Target	58.69
Upside Target	60.24

Intraday share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Intraday Target	51.01
Downside Intraday Target	45.77
Upside Intraday Target	60.86
Upside Intraday Target	65.47
Downside Intraday Target	55.62

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	56.24	57.55	60.24	50.39	1.322 times
09 Fri Feb 2024	57.25	50.18	57.51	49.80	1.551 times
02 Fri Feb 2024	51.23	51.56	53.35	50.06	0.84 times
26 Fri Jan 2024	51.72	51.11	54.35	48.91	1.533 times
19 Fri Jan 2024	50.82	50.23	52.19	49.49	3.392 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
14 Wed Feb 2024	56.24	50.89	60.24	49.80	0.831 times
31 Wed Jan 2024	50.56	55.62	57.30	48.91	0.748 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

Scroll below to view daily charts

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 Sonic Automotive (SAH)

Price action analysis of Sonic Automotive ( (SAH) ) based on a short 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 Sonic Automotive ( (SAH) ) 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 Sonic Automotive ( (SAH) ) 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 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 Weak and stock is losing momentum.

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

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

Sonic Automotive 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sonic Automotive 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

Stock of Sonic Automotive is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 55.8 and Sonic Automotive (SAH) 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 Sonic Automotive (SAH) stock. Volume based technical analysis of Sonic Automotive (SAH) stock is negative.

Sonic Automotive 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.