Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-05-30 View latest technical analysis

10 day averaged volume of Sonic Automotive is 136059

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	55.87	55.53	56.28	55.39	1.149 times
29 Wed May 2024	55.03	55.43	55.76	54.58	1.2 times
28 Tue May 2024	56.31	56.93	57.28	56.08	0.989 times
24 Fri May 2024	56.60	56.34	56.78	55.84	0.753 times
23 Thu May 2024	55.92	56.90	56.90	55.25	1.457 times
22 Wed May 2024	56.65	57.06	57.39	56.53	1.111 times
21 Tue May 2024	57.34	57.99	58.00	57.24	0.702 times
20 Mon May 2024	57.55	58.89	58.89	57.55	0.914 times
17 Fri May 2024	58.99	59.68	59.68	58.40	0.795 times
16 Thu May 2024	59.67	59.81	59.95	58.67	0.827 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.2, but if it comes above 56.2, then a intra day buy could be more profitable.
If you take a sell trade below 56.2, then use 56.2 as stoploss and 54.7 as target. However if you take a buy trade in stock , then use 56.2 as stoploss and 57.5 as target.

Share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Target	47.82
Downside Target	48.91
Downside Target	50.82
Downside Target	54.58
Upside Target	58.13
Upside Target	58.89
Upside Target	59.00
Upside Target	60.24
Upside Target	60.59
Upside Target	63.02
Upside Target	64.68

Intraday share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Intraday Target	54.54
Downside Intraday Target	53.21
Upside Intraday Target	57.24
Upside Intraday Target	58.61
Upside Intraday Target	55.91

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	55.87	56.93	57.28	54.58	0.676 times
24 Fri May 2024	56.60	58.89	58.89	55.25	0.71 times
17 Fri May 2024	58.99	58.36	60.59	58.13	1.029 times
10 Fri May 2024	58.06	56.75	59.00	55.90	0.676 times
03 Fri May 2024	56.43	62.63	63.02	56.35	0.643 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
30 Thu May 2024	55.87	57.71	60.59	54.58	0.617 times
30 Tue Apr 2024	57.84	56.98	64.68	47.82	1.446 times
28 Thu Mar 2024	56.94	52.29	57.44	50.82	0.718 times
29 Thu Feb 2024	52.50	50.89	60.24	49.80	1.564 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 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 Sonic Automotive stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Sonic Automotive Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Sonic Automotive in short term but BUY 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 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 56.79 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.