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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 2024-07-15 View latest technical analysis

10 day averaged volume of Sonic Automotive is 131690

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	56.48	56.58	58.31	55.93	1.253 times
12 Fri Jul 2024	56.69	55.41	57.09	55.08	1.776 times
11 Thu Jul 2024	55.11	53.43	55.34	53.43	1.335 times
10 Wed Jul 2024	52.04	51.81	52.82	51.29	1.036 times
09 Tue Jul 2024	51.32	52.50	52.50	51.27	1.094 times
08 Mon Jul 2024	52.72	52.49	53.54	52.33	1.706 times
05 Fri Jul 2024	52.22	53.58	53.58	52.02	0.688 times
03 Wed Jul 2024	53.73	54.05	54.72	53.60	0.415 times
03 Wed Jul 2024	53.73	54.05	54.72	53.60	0.415 times
02 Tue Jul 2024	53.78	53.75	54.13	53.35	0.646 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, but if it comes below 56, then a intra day sell could be more profitable.
If you take a sell trade below 56, then use 56 as stoploss and 54.38 as target. However if you take a buy trade in stock , then use 56 as stoploss and 57.9 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	54.58
Downside Target	56.22
Upside Target	57.09
Upside Target	57.44
Upside Target	58.31
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	55.5
Downside Intraday Target	54.53
Upside Intraday Target	57.88
Upside Intraday Target	59.29
Upside Intraday Target	56.91

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	56.48	56.58	58.31	55.93	0.18 times
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

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
15 Mon Jul 2024	56.48	54.48	58.31	51.27	0.417 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 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 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 to mid 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 coming down

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

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 54.06 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.