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(Sobha) Sobha complete technical analysis [charts+indicators] | Buy/Sell Sobha | (Sobha) share price targets

Complete technical analysis of Sobha (Sobha) by charts plus indicators, forecast predictions and share price targets for Sobha (Sobha)

10 day averaged volume of Sobha is 7004

Date Daily Closing Price Open High Low Volume
19 Tue Nov 2024 1532.40 1540.00 1604.60 1526.00 1.081 times
18 Mon Nov 2024 1521.05 1565.05 1623.00 1511.00 1.135 times
14 Thu Nov 2024 1532.15 1540.55 1570.00 1524.35 1.459 times
13 Wed Nov 2024 1545.50 1566.00 1595.55 1535.25 0.695 times
12 Tue Nov 2024 1595.15 1646.85 1655.20 1591.05 0.547 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1543.8, but if it comes above 1543.8, then a intra day buy could be more profitable.
If you take a sell trade below 1543.8, then use 1543.8 as stoploss and 1489.9 as target. However if you take a buy trade in stock , then use 1543.8 as stoploss and 1588.6 as target.

Share price targets for Sobha (Sobha)

Target Type Value
Downside Target 1511.00
Upside Target 1595.05
Upside Target 1655.20
Upside Target 1694.95
Upside Target 1741.00
Upside Target 1758.90
Upside Target 1845.00
Upside Target 1934.35
Upside Target 2066.20
Upside Target 2146.90

Intraday share price targets for Sobha (Sobha)

Target Type Value
Downside Intraday Target 1487.93
Downside Intraday Target 1443.47
Upside Intraday Target 1599.93
Upside Intraday Target 1667.47
Upside Intraday Target 1555.47

Weekly technical analysis of Sobha (Sobha)

Date Weekly Closing Price Open High Low Volume
19 Tue Nov 2024 1532.40 1565.05 1623.00 1511.00 0.601 times
14 Thu Nov 2024 1532.15 1597.15 1655.20 1524.35 0.529 times
08 Fri Nov 2024 1597.70 1566.40 1694.95 1541.60 1.81 times
01 Fri Nov 2024 1601.55 1540.00 1614.70 1515.00 0.772 times
25 Fri Oct 2024 1549.35 1730.00 1758.90 1533.00 0.738 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 Sobha (Sobha)

Date Monthly Closing Price Open High Low Volume
19 Tue Nov 2024 1532.40 1605.00 1694.95 1511.00 0.432 times
31 Thu Oct 2024 1587.80 1925.00 1934.35 1515.00 0.706 times
30 Mon Sep 2024 1941.35 1720.00 2066.20 1652.70 1.256 times
30 Fri Aug 2024 1688.70 1782.65 1845.00 1595.05 0.043 times

Price has moved down 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 Sobha (Sobha)

Indicator Name Indicator Value Indicator Signal
ADX 20, 23, 8 Sell
MACD -94, -89Sell
Stochastics 7Sell
CCI -72Buy
RSI 51Buy
OBV -67934Sell
VWAP 1586Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Sobha ( (Sobha) ) based on a short term time period is

Price action analysis of Sobha ( (Sobha) ) 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 Sobha ( (Sobha) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Sobha ( (Sobha) ) 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 Sobha stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

Sobha Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 Sobha in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 Sobha is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1586.48 and Sobha (Sobha) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Sobha (Sobha) stock. Volume based technical analysis of Sobha (Sobha) stock is negative.

Sobha Stock has given negative 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.

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