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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 2024-10-21 View latest technical analysis

10 day averaged volume of Sonic Automotive is 131080

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	54.85	56.78	56.96	54.83	1.333 times
18 Fri Oct 2024	56.67	57.21	57.21	56.51	0.884 times
17 Thu Oct 2024	56.78	56.80	57.36	56.26	0.946 times
16 Wed Oct 2024	56.77	55.60	57.14	55.40	0.912 times
15 Tue Oct 2024	54.88	54.58	56.20	54.58	0.985 times
14 Mon Oct 2024	54.95	54.33	54.97	54.02	0.851 times
11 Fri Oct 2024	54.62	53.87	54.79	53.65	1.032 times
10 Thu Oct 2024	53.62	53.33	54.12	52.59	1.449 times
09 Wed Oct 2024	53.74	55.76	55.90	53.73	0.935 times
08 Tue Oct 2024	55.82	55.82	56.42	54.85	1.053 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 54.8 as stoploss in an intra day buy trade for a target of 56.3. However, stock will show a bearish move below 54.8.

Share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Target	51.27
Downside Target	52.56
Upside Target	56.32
Upside Target	57.36
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	54.13
Downside Intraday Target	53.42
Upside Intraday Target	56.26
Upside Intraday Target	57.68
Upside Intraday Target	55.55

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	54.85	56.78	56.96	54.83	0.291 times
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

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
21 Mon Oct 2024	54.85	58.18	59.01	52.59	0.549 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 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 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 SELL. 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.

Sonic Automotive Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 55.16 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 negative.

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