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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)

Showing technical analysis as on 2023-03-20 View latest technical analysis

10 day averaged volume of Sobha is 8562

Date	Daily Closing Price	Open	High	Low	Volume
20 Mon Mar 2023	530.30	538.00	543.40	524.30	1.794 times
17 Fri Mar 2023	545.75	534.75	553.75	531.65	1.315 times
16 Thu Mar 2023	529.75	544.95	544.95	526.50	0.963 times
15 Wed Mar 2023	537.65	535.25	546.35	535.25	0.425 times
14 Tue Mar 2023	533.85	543.70	555.05	530.75	1.05 times
13 Mon Mar 2023	547.50	552.90	561.35	544.05	1.074 times
10 Fri Mar 2023	562.20	569.50	569.50	556.95	0.655 times
09 Thu Mar 2023	569.45	570.25	574.90	567.90	1.011 times
08 Wed Mar 2023	571.50	565.40	572.50	559.80	0.573 times
06 Mon Mar 2023	564.45	570.95	574.00	560.80	1.888 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 543.9, but if it comes above 543.9, then a intra day buy could be more profitable.
If you take a sell trade below 543.9, then use 543.9 as stoploss and 520.3 as target. However if you take a buy trade in stock , then use 543.9 as stoploss and 563.48 as target.

Share price targets for Sobha (Sobha)

Target Type	Value
Downside Target	524.30
Upside Target	543.40
Upside Target	556.95
Upside Target	585.40
Upside Target	597.30
Upside Target	601.35
Upside Target	604.00
Upside Target	612.70
Upside Target	623.25
Upside Target	655.80
Upside Target	679.00

Intraday share price targets for Sobha (Sobha)

Target Type	Value
Downside Intraday Target	521.93
Downside Intraday Target	513.57
Upside Intraday Target	541.03
Upside Intraday Target	551.77
Upside Intraday Target	532.67

Weekly technical analysis of Sobha (Sobha)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Mon Mar 2023	530.30	538.00	543.40	524.30	0.372 times
17 Fri Mar 2023	545.75	552.90	561.35	526.50	1.17 times
10 Fri Mar 2023	562.20	570.95	574.90	556.95	0.55 times
03 Fri Mar 2023	567.55	572.00	601.35	558.00	2.191 times
24 Fri Feb 2023	579.20	597.30	597.30	563.95	1.025 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 Sobha (Sobha)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Mon Mar 2023	530.30	579.00	585.40	524.30	1.109 times
28 Tue Feb 2023	578.25	587.70	612.70	560.05	0.287 times
31 Tue Jan 2023	597.40	575.95	623.25	562.05	1.112 times
30 Fri Dec 2022	575.45	622.00	679.00	527.50	2.406 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 Sobha (Sobha)

Price action analysis of Sobha ( (Sobha) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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

MACD generated a SELL signal for Sobha in short term and the sell signal is strong.

Sobha 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 Sobha 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 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 548.32 and Sobha (Sobha) 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 Sobha (Sobha) stock. Volume based technical analysis of Sobha (Sobha) stock is negative.

Sobha 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.