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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 2023-09-12 View latest technical analysis

10 day averaged volume of Sobha is 53859

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Sep 2023	647.45	684.20	686.00	640.00	2.31 times
11 Mon Sep 2023	681.90	682.05	700.50	678.20	1.335 times
08 Fri Sep 2023	681.80	622.05	713.85	622.05	5.35 times
07 Thu Sep 2023	614.80	593.30	617.60	593.30	0.211 times
06 Wed Sep 2023	600.25	611.35	615.85	595.20	0.475 times
05 Tue Sep 2023	609.75	609.05	631.95	606.05	1.231 times
04 Mon Sep 2023	612.70	610.20	615.80	607.00	0.39 times
01 Fri Sep 2023	609.80	610.00	616.65	608.00	0.112 times
31 Thu Aug 2023	610.20	605.00	614.55	602.95	0.216 times
30 Wed Aug 2023	609.85	609.00	613.15	607.70	0.235 times

Stock of Sobha (Sobha) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 637.4, but if it comes below 637.4, then a intra day sell could be more profitable.
If you take a sell trade below 637.4, then use 637.4 as stoploss and 605.42 as target. However if you take a buy trade in stock , then use 637.4 as stoploss and 675.8 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	588.00
Downside Target	616.65
Downside Target	622.90
Downside Target	640.00
Upside Target	648.45
Upside Target	700.50
Upside Target	713.85

Intraday share price targets for Sobha (Sobha)

Target Type	Value
Downside Intraday Target	624.8
Downside Intraday Target	602.15
Upside Intraday Target	685.3
Upside Intraday Target	723.15
Upside Intraday Target	662.65

Weekly technical analysis of Sobha (Sobha)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Sep 2023	647.45	682.05	700.50	640.00	0.476 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
25 Fri Aug 2023	589.15	580.05	594.30	575.00	1.035 times
18 Fri Aug 2023	578.15	576.95	588.00	554.85	0.79 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
12 Tue Sep 2023	647.45	610.00	713.85	593.30	0.89 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, 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 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 losing 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sobha in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 657.51 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 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.