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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 2024-07-09 View latest technical analysis

10 day averaged volume of Sonic Automotive is 138630

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	51.32	52.50	52.50	51.27	1.039 times
08 Mon Jul 2024	52.72	52.49	53.54	52.33	1.621 times
05 Fri Jul 2024	52.22	53.58	53.58	52.02	0.654 times
03 Wed Jul 2024	53.73	54.05	54.72	53.60	0.394 times
03 Wed Jul 2024	53.73	54.05	54.72	53.60	0.394 times
02 Tue Jul 2024	53.78	53.75	54.13	53.35	0.614 times
01 Mon Jul 2024	53.77	54.48	54.89	53.35	0.845 times
28 Fri Jun 2024	54.47	54.69	55.24	53.91	2.475 times
27 Thu Jun 2024	54.19	53.65	54.25	53.08	0.876 times
26 Wed Jun 2024	53.68	53.58	54.12	53.15	0.977 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 50.8, for a target of 53 or 54.81

Share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Target	47.82
Downside Target	50.82
Upside Target	53.08
Upside Target	54.89
Upside Target	56.22
Upside Target	57.44
Upside Target	57.84
Upside Target	60.08
Upside Target	60.59
Upside Target	64.68

Intraday share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Intraday Target	50.55
Downside Intraday Target	49.77
Upside Intraday Target	52.82
Upside Intraday Target	54.31
Upside Intraday Target	52.04

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	51.32	52.49	53.54	51.27	2.54 times
05 Fri Jul 2024	52.22	54.05	54.72	52.02	0.565 times
03 Wed Jul 2024	53.73	54.48	54.89	53.35	0.278 times
28 Fri Jun 2024	54.47	54.42	56.22	53.08	1.347 times
21 Fri Jun 2024	54.74	57.38	57.84	54.48	2.725 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sonic Automotive (SAH)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	51.32	54.48	54.89	51.27	0.217 times
28 Fri Jun 2024	54.47	57.21	60.08	53.08	0.943 times
31 Fri May 2024	56.67	57.71	60.59	54.58	0.642 times
30 Tue Apr 2024	57.84	56.98	64.68	47.82	1.446 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 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 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 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 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 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 SELL signal in short term and selling is picking up 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 53.44 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.