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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 2024-10-18 View latest technical analysis

10 day averaged volume of Sonic Automotive is 137110

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	56.67	57.21	57.21	56.51	0.845 times
17 Thu Oct 2024	56.78	56.80	57.36	56.26	0.904 times
16 Wed Oct 2024	56.77	55.60	57.14	55.40	0.872 times
15 Tue Oct 2024	54.88	54.58	56.20	54.58	0.942 times
14 Mon Oct 2024	54.95	54.33	54.97	54.02	0.813 times
11 Fri Oct 2024	54.62	53.87	54.79	53.65	0.987 times
10 Thu Oct 2024	53.62	53.33	54.12	52.59	1.386 times
09 Wed Oct 2024	53.74	55.76	55.90	53.73	0.894 times
08 Tue Oct 2024	55.82	55.82	56.42	54.85	1.006 times
07 Mon Oct 2024	55.78	56.99	56.99	55.68	0.911 times

My analysis of stock is bullish for shortterm, and stock might move up till 57.9 or till 59.7. Use a stoploss of 56.41 and if this stock hits its stoploss, then it can fall down till 54.92

Share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Target	51.27
Downside Target	52.56
Upside Target	57.36
Upside Target	58.81
Upside Target	59.01
Upside Target	59.76
Upside Target	60.08
Upside Target	61.46
Upside Target	61.53
Upside Target	63.78

Intraday share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Intraday Target	54.67
Downside Intraday Target	52.68
Upside Intraday Target	58.01
Upside Intraday Target	59.36
Downside Intraday Target	56.02

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	56.67	54.33	57.36	54.02	0.844 times
11 Fri Oct 2024	54.62	56.99	56.99	52.59	1.083 times
04 Fri Oct 2024	57.39	58.49	59.01	54.88	0.871 times
27 Fri Sep 2024	59.06	57.65	59.76	56.32	0.735 times
20 Fri Sep 2024	57.62	56.09	58.81	55.41	0.954 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
18 Fri Oct 2024	56.67	58.18	59.01	52.59	0.5 times
30 Mon Sep 2024	58.48	61.53	61.53	52.56	0.806 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

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 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 Sonic Automotive stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sonic Automotive Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Sonic Automotive in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 55.26 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.