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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 2024-08-19 View latest technical analysis

10 day averaged volume of Sonic Automotive is 230170

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	61.04	60.90	61.34	60.28	1.085 times
16 Fri Aug 2024	60.83	59.29	61.36	59.27	0.667 times
15 Thu Aug 2024	59.59	58.82	60.69	58.82	0.978 times
14 Wed Aug 2024	56.97	58.30	59.07	56.80	0.642 times
13 Tue Aug 2024	58.08	58.57	58.91	57.36	0.639 times
12 Mon Aug 2024	57.79	59.59	60.42	57.68	1.026 times
09 Fri Aug 2024	59.80	60.09	60.10	59.04	0.965 times
08 Thu Aug 2024	59.88	59.49	60.77	59.33	0.872 times
07 Wed Aug 2024	58.80	58.09	59.71	57.28	1.053 times
06 Tue Aug 2024	57.57	59.75	59.75	57.49	0.715 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 61.6, for a target of 59.7 or 58.16

Share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Target	47.82
Downside Target	51.27
Downside Target	53.08
Downside Target	56.80
Downside Target	59.07
Upside Target	61.34
Upside Target	61.36
Upside Target	61.46
Upside Target	61.60
Upside Target	64.68

Intraday share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Intraday Target	60.43
Downside Intraday Target	59.83
Upside Intraday Target	61.49
Upside Intraday Target	61.95
Downside Intraday Target	60.89

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	61.04	60.90	61.34	60.28	0.275 times
16 Fri Aug 2024	60.83	59.59	61.36	56.80	0.653 times
09 Fri Aug 2024	59.80	54.32	61.60	53.89	1.364 times
02 Fri Aug 2024	55.89	58.22	61.46	54.49	1.183 times
26 Fri Jul 2024	58.30	57.42	59.07	55.18	0.959 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
19 Mon Aug 2024	61.04	59.97	61.60	53.89	0.849 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
31 Fri May 2024	56.67	57.71	60.59	54.58	0.642 times

Scroll below to view daily charts

Price has moved up 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Sonic Automotive ( (SAH) ) based on a short to mid 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 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 BUY. Signal strength is Strong and stock is losing momentum.

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

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 green color and prices are above the green 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

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 59.14 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 rising upwards.

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 is giving positive 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.