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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 2024-09-16 View latest technical analysis

10 day averaged volume of Sonic Automotive is 179610

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	55.51	56.09	56.84	55.41	0.524 times
13 Fri Sep 2024	55.96	54.91	57.07	54.63	0.877 times
12 Thu Sep 2024	54.37	54.64	55.34	53.66	0.883 times
11 Wed Sep 2024	53.54	53.51	53.91	52.56	1.072 times
10 Tue Sep 2024	54.08	58.67	58.67	52.64	1.836 times
09 Mon Sep 2024	57.36	57.59	57.87	57.16	1.32 times
06 Fri Sep 2024	57.71	58.08	58.70	57.07	0.945 times
05 Thu Sep 2024	58.54	59.61	59.61	58.29	0.7 times
04 Wed Sep 2024	59.07	60.11	60.11	58.93	0.501 times
03 Tue Sep 2024	60.28	61.53	61.53	60.21	1.03 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.2, but if it comes above 56.2, then a intra day buy could be more profitable.
If you take a sell trade below 56.2, then use 56.2 as stoploss and 52.4 as target. However if you take a buy trade in stock , then use 56.2 as stoploss and 59.28 as target.

Share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Target	51.27
Downside Target	52.56
Upside Target	56.84
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
Downside Intraday Target	54.49
Upside Intraday Target	56.43
Upside Intraday Target	57.35
Upside Intraday Target	55.92

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	55.51	56.09	56.84	55.41	0.088 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 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
16 Mon Sep 2024	55.51	61.53	61.53	52.56	0.39 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 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 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 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 Strong and stock is losing 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 weakening, and bulls 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 buy signal for Sonic Automotive in short term but BUY 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

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 56.33 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.