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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 2024-07-11 View latest technical analysis

10 day averaged volume of Sonic Automotive is 137170

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	55.11	53.43	55.34	53.43	1.282 times
10 Wed Jul 2024	52.04	51.81	52.82	51.29	0.994 times
09 Tue Jul 2024	51.32	52.50	52.50	51.27	1.051 times
08 Mon Jul 2024	52.72	52.49	53.54	52.33	1.638 times
05 Fri Jul 2024	52.22	53.58	53.58	52.02	0.66 times
03 Wed Jul 2024	53.73	54.05	54.72	53.60	0.398 times
03 Wed Jul 2024	53.73	54.05	54.72	53.60	0.398 times
02 Tue Jul 2024	53.78	53.75	54.13	53.35	0.62 times
01 Mon Jul 2024	53.77	54.48	54.89	53.35	0.854 times
28 Fri Jun 2024	54.47	54.69	55.24	53.91	2.501 times

My analysis of stock is bullish for shortterm, and stock might move up till 56.1 or till 58. Use a stoploss of 54.41 and if this stock hits its stoploss, then it can fall down till 52.76

Share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Target	47.82
Downside Target	50.82
Downside Target	53.08
Downside Target	54.48
Upside Target	55.34
Upside Target	56.22
Upside Target	57.44
Upside Target	57.84
Upside Target	60.08
Upside Target	60.59
Upside Target	64.68

Intraday share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Intraday Target	52.47
Downside Intraday Target	49.84
Upside Intraday Target	56.54
Upside Intraday Target	57.98
Downside Intraday Target	53.91

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	55.11	52.49	55.34	51.27	4.69 times
05 Fri Jul 2024	52.22	54.05	54.72	52.02	0.565 times
03 Wed Jul 2024	53.73	54.48	54.89	53.35	0.278 times
28 Fri Jun 2024	54.47	54.42	56.22	53.08	1.347 times
21 Fri Jun 2024	54.74	57.38	57.84	54.48	2.725 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sonic Automotive (SAH)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	55.11	54.48	55.34	51.27	0.305 times
28 Fri Jun 2024	54.47	57.21	60.08	53.08	0.943 times
31 Fri May 2024	56.67	57.71	60.59	54.58	0.642 times
30 Tue Apr 2024	57.84	56.98	64.68	47.82	1.446 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Sonic Automotive stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

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

Sonic Automotive Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 Sonic Automotive in short term and BUY 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 53.42 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 negative.

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