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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 2024-09-17 View latest technical analysis

10 day averaged volume of Sonic Automotive is 174000

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	56.53	56.13	57.41	55.81	1.297 times
16 Mon Sep 2024	55.51	56.09	56.84	55.41	0.541 times
13 Fri Sep 2024	55.96	54.91	57.07	54.63	0.905 times
12 Thu Sep 2024	54.37	54.64	55.34	53.66	0.911 times
11 Wed Sep 2024	53.54	53.51	53.91	52.56	1.107 times
10 Tue Sep 2024	54.08	58.67	58.67	52.64	1.895 times
09 Mon Sep 2024	57.36	57.59	57.87	57.16	1.362 times
06 Fri Sep 2024	57.71	58.08	58.70	57.07	0.976 times
05 Thu Sep 2024	58.54	59.61	59.61	58.29	0.722 times
04 Wed Sep 2024	59.07	60.11	60.11	58.93	0.517 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 55.9 as stoploss in an intra day buy trade for a target of 59.05. However, stock will show a bearish move below 55.9.

Share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Target	51.27
Downside Target	52.56
Upside Target	57.07
Upside Target	58.67
Upside Target	60.08
Upside Target	61.46
Upside Target	61.53
Upside Target	61.86
Upside Target	62.72
Upside Target	63.78

Intraday share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Intraday Target	55.49
Downside Intraday Target	54.45
Upside Intraday Target	57.49
Upside Intraday Target	58.45
Downside Intraday Target	56.45

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	56.53	56.09	57.41	55.41	0.297 times
13 Fri Sep 2024	55.96	57.59	58.67	52.56	1.885 times
06 Fri Sep 2024	57.71	61.53	61.53	57.07	3.795 times
30 Fri Aug 2024	62.34	62.50	62.72	61.86	0.223 times
30 Fri Aug 2024	62.34	63.00	63.78	61.19	0.81 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 Tue Sep 2024	56.53	61.53	61.53	52.56	0.441 times
30 Fri Aug 2024	62.34	59.97	63.78	53.89	1.24 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

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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Sonic Automotive in short term and the sell 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. 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 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

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 55.95 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 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.