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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 2024-08-15 View latest technical analysis

10 day averaged volume of Sonic Automotive is 242530

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu Aug 2024	59.59	58.82	60.69	58.82	0.928 times
14 Wed Aug 2024	56.97	58.30	59.07	56.80	0.609 times
13 Tue Aug 2024	58.08	58.57	58.91	57.36	0.607 times
12 Mon Aug 2024	57.79	59.59	60.42	57.68	0.973 times
09 Fri Aug 2024	59.80	60.09	60.10	59.04	0.915 times
08 Thu Aug 2024	59.88	59.49	60.77	59.33	0.828 times
07 Wed Aug 2024	58.80	58.09	59.71	57.28	0.999 times
06 Tue Aug 2024	57.57	59.75	59.75	57.49	0.679 times
05 Mon Aug 2024	57.78	54.32	61.60	53.89	2.32 times
02 Fri Aug 2024	55.89	55.74	56.24	54.49	1.178 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 59, but if it comes below 59, then a intra day sell could be more profitable.
If you take a sell trade below 59, then use 59 as stoploss and 57.77 as target. However if you take a buy trade in stock , then use 59 as stoploss and 60.5 as target.

Share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Target	47.82
Downside Target	51.27
Downside Target	53.08
Downside Target	59.07
Upside Target	60.36
Upside Target	60.59
Upside Target	60.69
Upside Target	61.46
Upside Target	61.60
Upside Target	64.68

Intraday share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Intraday Target	57.36
Downside Intraday Target	55.14
Upside Intraday Target	61.25
Upside Intraday Target	62.92
Downside Intraday Target	59.03

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu Aug 2024	59.59	59.59	60.69	56.80	0.543 times
09 Fri Aug 2024	59.80	54.32	61.60	53.89	1.364 times
02 Fri Aug 2024	55.89	58.22	61.46	54.49	1.183 times
26 Fri Jul 2024	58.30	57.42	59.07	55.18	0.959 times
19 Fri Jul 2024	57.10	56.58	60.36	55.93	0.983 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 Thu Aug 2024	59.59	59.97	61.60	53.89	0.737 times
31 Wed Jul 2024	59.54	54.48	61.46	51.27	1.012 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

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 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 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 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 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 58.14 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.