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(Sobha) Sobha complete technical analysis [charts+indicators] | Buy/Sell Sobha | (Sobha) share price targets

Complete technical analysis of Sobha (Sobha) by charts plus indicators, forecast predictions and share price targets for Sobha (Sobha)

10 day averaged volume of Sobha is 33533

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	705.45	677.05	719.20	677.05	1.899 times
28 Thu Sep 2023	675.25	684.00	691.20	672.45	0.952 times
27 Wed Sep 2023	687.55	660.00	750.00	660.00	1.447 times
26 Tue Sep 2023	663.20	683.15	684.50	656.00	0.542 times
25 Mon Sep 2023	683.20	650.25	688.75	648.40	1.017 times
22 Fri Sep 2023	648.75	654.25	666.40	646.00	0.562 times
21 Thu Sep 2023	652.70	666.70	678.60	649.35	1.097 times
20 Wed Sep 2023	670.85	673.60	684.45	661.90	0.477 times
18 Mon Sep 2023	671.10	679.95	684.60	666.95	0.564 times
15 Fri Sep 2023	672.85	695.00	707.45	666.50	1.862 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 691.7, but if it comes below 691.7, then a intra day sell could be more profitable.
If you take a sell trade below 691.7, then use 691.7 as stoploss and 659.24 as target. However if you take a buy trade in stock , then use 691.7 as stoploss and 730.6 as target.

Share price targets for Sobha (Sobha)

Target Type	Value
Downside Target	459.05
Downside Target	521.80
Downside Target	535.05
Downside Target	554.85
Downside Target	569.80
Downside Target	589.70
Downside Target	616.65
Downside Target	640.00
Downside Target	648.45
Downside Target	684.60
Upside Target	713.85
Upside Target	719.55
Upside Target	750.00

Intraday share price targets for Sobha (Sobha)

Target Type	Value
Downside Intraday Target	652.57
Downside Intraday Target	599.68
Upside Intraday Target	754.17
Upside Intraday Target	802.88
Downside Intraday Target	701.28

Weekly technical analysis of Sobha (Sobha)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	705.45	650.25	750.00	648.40	2.169 times
22 Fri Sep 2023	648.75	679.95	684.60	646.00	0.185 times
15 Fri Sep 2023	672.85	682.05	719.55	640.00	1.186 times
08 Fri Sep 2023	681.80	610.20	713.85	593.30	3.919 times
01 Fri Sep 2023	609.80	592.50	616.65	589.70	0.774 times

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

Monthly technical analysis of Sobha (Sobha)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	705.45	610.00	750.00	593.30	1.73 times
31 Thu Aug 2023	610.20	622.90	622.90	554.85	0.545 times
31 Mon Jul 2023	619.65	539.00	648.45	535.05	1.049 times
30 Fri Jun 2023	536.90	526.55	589.95	521.80	1.033 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Sobha (Sobha)

Price action analysis of Sobha ( (Sobha) ) 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 Sobha ( (Sobha) ) 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 Sobha ( (Sobha) ) 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 Sobha stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sobha 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.

Sobha Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 Sobha in short term and BUY signal is strong.

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 Sobha is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 677.95 and Sobha (Sobha) 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 Sobha (Sobha) stock. Volume based technical analysis of Sobha (Sobha) stock is negative.

Sobha 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.