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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 2024-07-17 View latest technical analysis

10 day averaged volume of Sonic Automotive is 151987

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jul 2024	59.27	57.62	59.81	56.88	1.093 times
16 Tue Jul 2024	58.30	57.35	58.68	57.35	1.58 times
15 Mon Jul 2024	56.48	56.58	58.31	55.93	1.085 times
12 Fri Jul 2024	56.69	55.41	57.09	55.08	1.539 times
11 Thu Jul 2024	55.11	53.43	55.34	53.43	1.157 times
10 Wed Jul 2024	52.04	51.81	52.82	51.29	0.897 times
09 Tue Jul 2024	51.32	52.50	52.50	51.27	0.948 times
08 Mon Jul 2024	52.72	52.49	53.54	52.33	1.478 times
05 Fri Jul 2024	52.22	53.58	53.58	52.02	0.596 times
03 Wed Jul 2024	53.73	54.05	54.72	53.60	0.359 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 58.8, for a target of 56.5 or 54.55

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
Downside Target	57.09
Downside Target	57.44
Upside Target	59.81
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	56.86
Downside Intraday Target	54.46
Upside Intraday Target	60.74
Upside Intraday Target	62.22
Downside Intraday Target	58.34

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jul 2024	59.27	56.58	59.81	55.93	0.624 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 up 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
17 Wed Jul 2024	59.27	54.48	59.81	51.27	0.531 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 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 neutral. A longer time frame might give a better analysis.

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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 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 55.24 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.