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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 2024-01-11 View latest technical analysis

10 day averaged volume of Sonic Automotive is 153740

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	52.88	53.53	53.70	51.83	1.594 times
10 Wed Jan 2024	54.14	54.16	54.25	53.42	0.492 times
09 Tue Jan 2024	54.45	54.33	54.63	53.58	0.662 times
08 Mon Jan 2024	54.90	54.04	55.28	54.00	0.768 times
05 Fri Jan 2024	54.27	53.19	54.98	53.19	0.846 times
04 Thu Jan 2024	53.76	53.48	54.56	53.06	1.619 times
03 Wed Jan 2024	53.77	55.27	55.43	53.58	1.111 times
02 Tue Jan 2024	56.13	55.62	57.30	55.62	1.443 times
29 Fri Dec 2023	56.21	57.61	57.96	56.14	1.011 times
29 Fri Dec 2023	56.21	57.61	57.96	56.14	1.011 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 52.3, for a target of 54 or 55.46

Share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Target	41.19
Downside Target	47.06
Downside Target	48.37
Downside Target	51.15
Upside Target	53.06
Upside Target	54.16
Upside Target	56.25
Upside Target	57.22
Upside Target	57.30
Upside Target	57.96
Upside Target	58.69

Intraday share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Intraday Target	51.38
Downside Intraday Target	49.88
Upside Intraday Target	54.83
Upside Intraday Target	56.78
Upside Intraday Target	53.33

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	52.88	54.04	55.28	51.83	0.701 times
05 Fri Jan 2024	54.27	55.62	57.30	53.06	4.966 times
29 Fri Dec 2023	56.21	57.61	57.96	56.14	0.261 times
29 Fri Dec 2023	56.21	56.68	58.69	55.86	0.638 times
22 Fri Dec 2023	56.40	55.74	57.22	54.46	0.521 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
11 Thu Jan 2024	52.88	55.62	57.30	51.83	0.271 times
29 Fri Dec 2023	56.21	51.20	58.69	48.37	0.987 times
30 Thu Nov 2023	51.27	48.14	56.25	47.09	0.689 times
31 Tue Oct 2023	47.85	47.85	51.15	41.19	1.237 times

Scroll below to view daily charts

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 Sonic Automotive (SAH)

Price action analysis of Sonic Automotive ( (SAH) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 mid to longer 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.

ADX buy sell signal for Sonic Automotive stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Sonic Automotive in short term but the sell signal is initial and weak.

Sonic Automotive Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sonic Automotive in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 54.61 and Sonic Automotive (SAH) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.