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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 2024-01-24 View latest technical analysis

10 day averaged volume of Sonic Automotive is 149640

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	50.43	52.99	54.35	48.91	2.138 times
23 Tue Jan 2024	51.93	53.69	53.99	51.78	0.755 times
22 Mon Jan 2024	52.64	51.11	52.98	51.11	0.863 times
19 Fri Jan 2024	50.82	51.44	52.19	50.35	1.085 times
18 Thu Jan 2024	51.30	51.51	51.51	50.57	0.72 times
17 Wed Jan 2024	50.86	49.73	50.99	49.73	0.828 times
16 Tue Jan 2024	50.51	50.23	51.01	49.49	1.291 times
12 Fri Jan 2024	50.66	53.32	53.34	49.97	1.157 times
12 Fri Jan 2024	50.66	53.32	53.34	49.97	1.157 times
11 Thu Jan 2024	52.88	53.53	53.70	51.83	1.638 times

Stock of Sonic Automotive (SAH) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 51, but if it comes above 51, then a intra day buy could be more profitable.
If you take a sell trade below 51, then use 51 as stoploss and 48.3 as target. However if you take a buy trade in stock , then use 51 as stoploss and 53.2 as target.

Share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Target	41.19
Downside Target	47.06
Downside Target	48.37
Upside Target	51.15
Upside Target	52.19
Upside Target	54.16
Upside Target	54.35
Upside Target	55.28
Upside Target	56.25
Upside Target	57.30
Upside Target	58.69

Intraday share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Intraday Target	48.11
Downside Intraday Target	45.79
Upside Intraday Target	53.55
Upside Intraday Target	56.67
Upside Intraday Target	51.23

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	50.43	51.11	54.35	48.91	0.957 times
19 Fri Jan 2024	50.82	50.23	52.19	49.49	3.392 times
12 Fri Jan 2024	50.66	53.32	53.34	49.97	0.243 times
12 Fri Jan 2024	50.66	54.04	55.28	49.97	0.925 times
05 Fri Jan 2024	54.27	55.62	57.30	53.06	4.966 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
24 Wed Jan 2024	50.43	55.62	57.30	48.91	0.58 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 and the sell signal is strong.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 51.21 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.