(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 308528
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Fri Sep 2024 | 1987.65 | 1886.95 | 2028.50 | 1855.00 | 2.191 times |
| 19 Thu Sep 2024 | 1871.10 | 1880.00 | 1894.90 | 1810.00 | 0.827 times |
| 18 Wed Sep 2024 | 1870.20 | 1870.00 | 1895.00 | 1822.05 | 1.566 times |
| 17 Tue Sep 2024 | 1848.20 | 1775.30 | 1869.70 | 1745.00 | 0.912 times |
| 16 Mon Sep 2024 | 1776.55 | 1770.90 | 1815.00 | 1760.00 | 0.493 times |
Stock of Sobha (SOBHA) has showed a significant upmove. This could be a good time to enter in this stock!
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1927.9, for a target of 1837.5 or 1762.07
Share price targets for Sobha (SOBHA)
| Target Type | Value |
| Downside Target | 1549.60 |
| Downside Target | 1597.00 |
| Downside Target | 1738.00 |
| Downside Target | 1786.90 |
| Downside Target | 1832.85 |
| Downside Target | 1845.00 |
| Upside Target | 2028.50 |
| Upside Target | 2093.70 |
| Upside Target | 2155.35 |
| Upside Target | 2220.00 |
Intraday share price targets for Sobha (SOBHA)
| Target Type | Value |
| Downside Intraday Target | 1812.27 |
| Downside Intraday Target | 1636.88 |
| Upside Intraday Target | 2095.77 |
| Upside Intraday Target | 2203.88 |
| Downside Intraday Target | 1920.38 |
Weekly technical analysis of Sobha (SOBHA)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Fri Sep 2024 | 1987.65 | 1770.90 | 2028.50 | 1745.00 | 1.494 times |
| 13 Fri Sep 2024 | 1773.90 | 1690.50 | 1832.85 | 1653.00 | 1.557 times |
| 06 Fri Sep 2024 | 1710.15 | 1690.00 | 1786.90 | 1681.25 | 0.843 times |
| 30 Fri Aug 2024 | 1689.75 | 1700.00 | 1749.95 | 1678.00 | 1.903 times |
| 23 Fri Aug 2024 | 1687.95 | 1730.00 | 1738.00 | 1675.35 | 0.647 times |
Price has moved up 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 Fri Sep 2024 | 1987.65 | 1690.00 | 2028.50 | 1653.00 | 0.864 times |
| 30 Fri Aug 2024 | 1689.75 | 1786.00 | 1845.00 | 1597.00 | 0.857 times |
| 31 Wed Jul 2024 | 1800.20 | 1960.00 | 2155.35 | 1751.30 | 1.084 times |
| 28 Fri Jun 2024 | 1956.65 | 1984.95 | 2220.00 | 1549.60 | 0.749 times |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 36, 7, 68 | Buy |
| MACD | 47, 7 | Buy |
| Stochastics | 90 | Buy |
| CCI | 171 | Buy |
| RSI | 64 | Buy |
| OBV | 2138218 | Sell |
| VWAP | 1844 | Buy |
| ADL | 0 | Sell |
| ROC | 16 | Buy |
| Force Index | 0 | Sell |
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 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 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 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 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 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 positive zone. This is a BUY 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 1843.98 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.
Click here for further forecast and predictions for tomorrow
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