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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 2024-03-26 View latest technical analysis

10 day averaged volume of Sonic Automotive is 191000

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	54.11	54.54	54.91	53.98	0.63 times
25 Mon Mar 2024	54.07	54.52	54.98	53.78	0.503 times
22 Fri Mar 2024	54.31	54.40	54.73	53.65	1.109 times
21 Thu Mar 2024	54.54	54.09	55.25	53.55	1.062 times
20 Wed Mar 2024	53.99	52.41	54.35	52.19	0.684 times
19 Tue Mar 2024	52.45	51.60	53.06	51.60	1.122 times
18 Mon Mar 2024	52.15	53.00	53.78	52.12	1.299 times
15 Fri Mar 2024	52.73	51.55	52.78	51.55	1.906 times
14 Thu Mar 2024	51.77	52.31	52.41	51.13	1.003 times
13 Wed Mar 2024	52.50	52.12	53.35	52.12	0.746 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 53.7, but if it comes below 53.7, then a intra day sell could be more profitable.
If you take a sell trade below 53.7, then use 53.7 as stoploss and 52.67 as target. However if you take a buy trade in stock , then use 53.7 as stoploss and 55 as target.

Share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Target	47.09
Downside Target	48.37
Downside Target	53.35
Upside Target	54.98
Upside Target	55.25
Upside Target	55.54
Upside Target	56.25
Upside Target	57.30
Upside Target	58.69
Upside Target	60.24

Intraday share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Intraday Target	53.6
Downside Intraday Target	53.09
Upside Intraday Target	54.8
Upside Intraday Target	55.49
Upside Intraday Target	54.29

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	54.11	54.52	54.98	53.78	0.215 times
22 Fri Mar 2024	54.31	53.00	55.25	51.60	1.102 times
15 Fri Mar 2024	52.73	51.89	53.35	51.13	0.664 times
08 Fri Mar 2024	52.16	52.37	55.54	50.82	1.1 times
01 Fri Mar 2024	52.50	51.47	53.42	50.70	1.305 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
26 Tue Mar 2024	54.11	52.29	55.54	50.82	0.658 times
29 Thu Feb 2024	52.50	50.89	60.24	49.80	1.564 times
31 Wed Jan 2024	50.56	55.62	57.30	48.91	0.748 times
29 Fri Dec 2023	56.21	51.20	58.69	48.37	0.987 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 Sonic Automotive (SAH)

Price action analysis of Sonic Automotive ( (SAH) ) 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 Sonic Automotive ( (SAH) ) 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sonic Automotive 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.

Sonic Automotive Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Sonic Automotive in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 Sonic Automotive is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 53.12 and Sonic Automotive (SAH) 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 Sonic Automotive (SAH) stock. Volume based technical analysis of Sonic Automotive (SAH) stock is negative.

Sonic Automotive Stock is giving positive 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.