(SONAMAC_SM) Sona Machinery complete technical analysis [charts+indicators] | Buy/Sell Sona Machinery | (SONAMAC_SM) share price targets
Complete technical analysis of Sona Machinery (SONAMAC_SM) by charts plus indicators, forecast predictions and share price targets for Sona Machinery (SONAMAC_SM)
10 day averaged volume of Sona Machinery is 99800
Date | Daily Closing Price | Open | High | Low | Volume |
20 Mon May 2024 | 156.50 | 161.00 | 161.00 | 156.50 | 0.09 times |
17 Fri May 2024 | 158.25 | 157.10 | 161.50 | 156.00 | 0.371 times |
16 Thu May 2024 | 155.50 | 158.20 | 158.50 | 152.00 | 0.551 times |
15 Wed May 2024 | 159.00 | 164.00 | 166.50 | 157.00 | 0.541 times |
14 Tue May 2024 | 162.95 | 164.50 | 169.60 | 160.00 | 0.731 times |
My analysis of stock is bullish for shortterm, and stock might move up till 165.4 or till 180.2. Use a stoploss of 152.96 and if this stock hits its stoploss, then it can fall down till 140.56
Share price targets for Sona Machinery (SONAMAC_SM)
Target Type | Value |
Downside Target | 123.00 |
Downside Target | 126.05 |
Downside Target | 131.95 |
Downside Target | 146.00 |
Downside Target | 152.00 |
Downside Target | 156.50 |
Upside Target | 161.00 |
Upside Target | 163.95 |
Upside Target | 177.95 |
Upside Target | 183.65 |
Intraday share price targets for Sona Machinery (SONAMAC_SM)
Target Type | Value |
Downside Intraday Target | 155 |
Downside Intraday Target | 153.5 |
Upside Intraday Target | 159.5 |
Upside Intraday Target | 162.5 |
Upside Intraday Target | 158 |
Weekly technical analysis of Sona Machinery (SONAMAC_SM)
Date | Weekly Closing Price | Open | High | Low | Volume |
20 Mon May 2024 | 156.50 | 161.00 | 161.00 | 156.50 | 0.026 times |
17 Fri May 2024 | 158.25 | 172.95 | 177.95 | 152.00 | 0.263 times |
10 Fri May 2024 | 166.40 | 174.00 | 183.65 | 147.70 | 1.145 times |
03 Fri May 2024 | 163.95 | 142.10 | 163.95 | 134.00 | 2.317 times |
26 Fri Apr 2024 | 140.90 | 131.95 | 146.00 | 131.95 | 2.551 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 Sona Machinery (SONAMAC_SM)
Date | Monthly Closing Price | Open | High | Low | Volume |
20 Mon May 2024 | 156.50 | 141.70 | 183.65 | 134.00 | 1.597 times |
30 Tue Apr 2024 | 140.80 | 128.45 | 148.50 | 123.00 | 33.02 times |
28 Thu Mar 2024 | 127.10 | 126.75 | 133.00 | 126.05 | 0 times |
01 Thu Jan 1970 | 0 times |
Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Sona Machinery (SONAMAC_SM)
Indicator Name | Indicator Value | Indicator Signal |
ADX | 25, 16, 24 | Buy |
MACD | 34, 5 | Buy |
Stochastics | 25 | Sell |
CCI | -70 | Sell |
RSI | 66 | Buy |
OBV | 1267000 | Sell |
VWAP | 163 | Sell |
ADL | 0 | Sell |
ROC | -10 | Sell |
Force Index | 0 | Sell |
Price action analysis of Sona Machinery ( (SONAMAC_SM) ) 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 Sona Machinery ( (SONAMAC_SM) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Sona Machinery ( (SONAMAC_SM) ) 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 Sona Machinery ( (SONAMAC_SM) ) based on a mid to longer term time period is
ADX buy sell signal for Sona Machinery stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Sona Machinery 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.
Sona Machinery 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 in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Sona Machinery in short term and SELL signal is strong!
RSI is generating a BUY signal in short term and the buying is gaining 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 Sona Machinery is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 163.39 and Sona Machinery (SONAMAC_SM) 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 Sona Machinery (SONAMAC_SM) stock. Volume based technical analysis of Sona Machinery (SONAMAC_SM) stock is negative.
Sona Machinery Stock has given negative 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.
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