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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 2024-09-05 View latest technical analysis

10 day averaged volume of Arabian Petroleum is 20000

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	83.85	83.75	83.85	83.75	0.2 times
04 Wed Sep 2024	83.00	82.80	83.00	82.80	0.3 times
03 Tue Sep 2024	83.25	84.00	84.55	82.15	0.9 times
02 Mon Sep 2024	83.85	83.80	83.95	83.80	0.4 times
30 Fri Aug 2024	83.85	83.85	83.90	83.85	0.4 times
29 Thu Aug 2024	83.00	83.95	84.00	82.05	0.4 times
28 Wed Aug 2024	82.80	84.10	84.50	82.55	1.1 times
27 Tue Aug 2024	84.70	86.65	86.65	84.20	0.8 times
26 Mon Aug 2024	84.75	91.60	91.60	84.55	1.1 times
23 Fri Aug 2024	88.25	88.00	90.50	88.00	1.4 times

My analysis of stock is bullish for shortterm, and stock might move up till 85.3 or till 87.8. Use a stoploss of 83.2 and if this stock hits its stoploss, then it can fall down till 81.1

Share price targets for Arabian Petroleum (ARABIAN_SM)

Target Type	Value
Downside Target	75.35
Downside Target	77.00
Downside Target	80.05
Upside Target	84.55
Upside Target	84.70
Upside Target	85.00
Upside Target	86.00
Upside Target	90.50
Upside Target	91.60
Upside Target	101.95

Intraday share price targets for Arabian Petroleum (ARABIAN_SM)

Target Type	Value
Downside Intraday Target	82.48
Downside Intraday Target	81.12
Upside Intraday Target	84.88
Upside Intraday Target	85.92
Downside Intraday Target	83.52

Weekly technical analysis of Arabian Petroleum (ARABIAN_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	83.85	83.80	84.55	82.15	0.474 times
30 Fri Aug 2024	83.85	91.60	91.60	82.05	0.475 times
23 Fri Aug 2024	88.25	80.75	90.50	80.60	3.2 times
16 Fri Aug 2024	81.30	81.95	82.85	80.05	0.595 times
09 Fri Aug 2024	81.00	81.90	84.70	77.00	1.2 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 Arabian Petroleum (ARABIAN_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	83.85	83.80	84.55	82.15	0.093 times
30 Fri Aug 2024	83.85	81.25	91.60	77.00	0.805 times
31 Wed Jul 2024	82.50	85.00	85.00	77.00	1.586 times
28 Fri Jun 2024	84.20	85.10	86.00	75.35	0.429 times

Scroll below to view daily charts

Price has moved down 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Arabian Petroleum ( (ARABIAN_SM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Arabian Petroleum ( (ARABIAN_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 Arabian Petroleum ( (ARABIAN_SM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Arabian Petroleum stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Arabian Petroleum in short term but the sell 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 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Arabian Petroleum in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 84.64 and Arabian Petroleum (ARABIAN_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 Arabian Petroleum (ARABIAN_SM) stock. Volume based technical analysis of Arabian Petroleum (ARABIAN_SM) stock is negative.

Arabian Petroleum 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.