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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 92143

Date Daily Closing Price Open High Low Volume
29 Wed Mar 2023 421.45 419.50 424.60 412.40 0.194 times
28 Tue Mar 2023 419.65 430.10 432.45 416.80 0.334 times
27 Mon Mar 2023 429.55 440.75 440.75 422.65 0.315 times
24 Fri Mar 2023 431.20 438.05 452.00 429.30 1.394 times
23 Thu Mar 2023 436.45 458.55 473.35 434.00 4.652 times
22 Wed Mar 2023 452.85 520.00 520.00 430.05 2.699 times
21 Tue Mar 2023 519.40 531.90 532.55 516.30 0.188 times
20 Mon Mar 2023 530.30 538.00 543.40 524.30 0.167 times
17 Fri Mar 2023 545.75 534.75 553.75 531.65 0.122 times
16 Thu Mar 2023 529.75 544.95 544.95 526.50 0.09 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 458.3, but if it comes above 458.3, then a intra day buy could be more profitable.
If you take a sell trade below 458.3, then use 458.3 as stoploss and 390.8 as target. However if you take a buy trade in stock , then use 458.3 as stoploss and 514.64 as target.

Share price targets for Sobha (Sobha)

Target Type Value
Downside Target 412.40
Upside Target 429.30
Upside Target 440.75
Upside Target 526.50
Upside Target 543.40
Upside Target 556.95
Upside Target 574.90
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 408.98
Downside Intraday Target 396.52
Upside Intraday Target 437.33
Upside Intraday Target 453.22
Upside Intraday Target 424.87

Weekly technical analysis of Sobha (Sobha)

Date Weekly Closing Price Open High Low Volume
29 Wed Mar 2023 421.45 440.75 440.75 412.40 0.093 times
24 Fri Mar 2023 431.20 538.00 543.40 429.30 20.283 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

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
29 Wed Mar 2023 421.45 579.00 585.40 412.40 8.426 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, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Sobha (Sobha)

Indicator Name Indicator Value Indicator Signal
ADX 4, 42, 82 Sell
MACD -69, -52Sell
Stochastics 5Sell
CCI -82Sell
RSI 36Sell
OBV -925014Sell
VWAP 444Sell
ADL 0Sell
ROC -22Sell
Force Index 0Sell

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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

Stock of Sobha is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 444.25 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.

Click here for Sobha charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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