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(ARABIAN_SM) Arabian Petroleum complete technical analysis [charts+indicators] | Buy/Sell Arabian Petroleum | (ARABIAN_SM) share price targets

Complete technical analysis of Arabian Petroleum (ARABIAN_SM) by charts plus indicators, forecast predictions and share price targets for Arabian Petroleum (ARABIAN_SM)

Showing technical analysis as on 2024-04-26 View latest technical analysis

10 day averaged volume of Arabian Petroleum is 12800

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	85.05	85.05	85.05	85.05	0.313 times
25 Thu Apr 2024	85.85	86.80	86.80	85.00	1.25 times
24 Wed Apr 2024	85.00	85.00	85.00	85.00	0.469 times
23 Tue Apr 2024	85.00	84.00	85.00	84.00	0.781 times
22 Mon Apr 2024	84.80	84.30	85.95	80.05	2.656 times
19 Fri Apr 2024	84.30	84.30	84.30	84.30	0.156 times
18 Thu Apr 2024	84.05	84.05	84.20	84.05	0.625 times
16 Tue Apr 2024	84.05	87.30	87.30	84.05	1.406 times
15 Mon Apr 2024	84.70	88.70	88.70	84.70	1.563 times
12 Fri Apr 2024	85.70	84.00	85.70	84.00	0.469 times

My analysis of stock is bearish for shortterm, and stock might move down till 83.5 or till 81.5. Use a stoploss of 85.18 and if the stock hits stoploss, then it can shoot up till 86.85

Share price targets for Arabian Petroleum (ARABIAN_SM)

Target Type	Value
Downside Target	71.05
Downside Target	79.50
Downside Target	84.05
Upside Target	86.80
Upside Target	88.70
Upside Target	90.20
Upside Target	92.00
Upside Target	92.10
Upside Target	100.80
Upside Target	101.50
Upside Target	104.20
Upside Target	112.50

Intraday share price targets for Arabian Petroleum (ARABIAN_SM)

Target Type	Value
Downside Intraday Target	81.13
Downside Intraday Target	77.22
Upside Intraday Target	87.88
Upside Intraday Target	90.72
Downside Intraday Target	83.97

Weekly technical analysis of Arabian Petroleum (ARABIAN_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	85.05	84.30	86.80	80.05	1.458 times
19 Fri Apr 2024	84.30	88.70	88.70	84.05	2 times
12 Fri Apr 2024	85.70	87.95	87.95	80.00	0.462 times
05 Fri Apr 2024	86.05	87.75	88.50	85.00	0.542 times
28 Thu Mar 2024	83.75	84.20	84.95	79.50	0.686 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 Arabian Petroleum (ARABIAN_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	85.05	87.75	88.70	80.00	0.362 times
28 Thu Mar 2024	83.75	93.50	100.80	71.05	0.805 times
29 Thu Feb 2024	94.00	94.20	104.20	90.20	1.031 times
31 Wed Jan 2024	93.00	98.35	101.50	92.00	0.431 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 Arabian Petroleum (ARABIAN_SM)

Price action analysis of Arabian Petroleum ( (ARABIAN_SM) ) 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 Arabian Petroleum ( (ARABIAN_SM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Arabian Petroleum ( (ARABIAN_SM) ) based on a short to mid 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 Arabian Petroleum ( (ARABIAN_SM) ) 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 Arabian Petroleum stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Arabian Petroleum in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Arabian Petroleum 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 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 Arabian Petroleum in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling 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 Arabian Petroleum is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 84.83 and Arabian Petroleum (ARABIAN_SM) 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 Arabian Petroleum (ARABIAN_SM) stock. Volume based technical analysis of Arabian Petroleum (ARABIAN_SM) stock is negative.

Arabian Petroleum 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.