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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 2024-07-12 View latest technical analysis

10 day averaged volume of Sonic Automotive is 142610

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	56.69	55.41	57.09	55.08	1.64 times
11 Thu Jul 2024	55.11	53.43	55.34	53.43	1.233 times
10 Wed Jul 2024	52.04	51.81	52.82	51.29	0.956 times
09 Tue Jul 2024	51.32	52.50	52.50	51.27	1.01 times
08 Mon Jul 2024	52.72	52.49	53.54	52.33	1.576 times
05 Fri Jul 2024	52.22	53.58	53.58	52.02	0.635 times
03 Wed Jul 2024	53.73	54.05	54.72	53.60	0.383 times
03 Wed Jul 2024	53.73	54.05	54.72	53.60	0.383 times
02 Tue Jul 2024	53.78	53.75	54.13	53.35	0.597 times
01 Mon Jul 2024	53.77	54.48	54.89	53.35	0.821 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 56.1, but if it comes below 56.1, then a intra day sell could be more profitable.
If you take a sell trade below 56.1, then use 56.1 as stoploss and 54.43 as target. However if you take a buy trade in stock , then use 56.1 as stoploss and 58.1 as target.

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
Downside Target	56.22
Upside Target	57.09
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	52.94
Downside Intraday Target	49.2
Upside Intraday Target	58.76
Upside Intraday Target	60.84
Downside Intraday Target	55.02

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	56.69	52.49	57.09	51.27	6.301 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
12 Fri Jul 2024	56.69	54.48	57.09	51.27	0.37 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 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 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 to mid 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Sonic Automotive 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.

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. 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 53.73 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.