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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 2024-09-16 View latest technical analysis

10 day averaged volume of Arabian Petroleum is 104200

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	108.10	104.00	109.30	104.00	0.461 times
13 Fri Sep 2024	105.00	108.00	115.00	104.00	0.902 times
12 Thu Sep 2024	108.40	102.75	112.90	102.75	1.44 times
11 Wed Sep 2024	102.75	93.00	112.00	93.00	2.226 times
10 Tue Sep 2024	94.35	97.50	97.55	93.25	0.269 times
09 Mon Sep 2024	98.05	99.70	100.00	96.80	0.691 times
06 Fri Sep 2024	97.90	85.70	99.95	85.70	4.127 times
05 Thu Sep 2024	83.85	83.75	83.85	83.75	0.038 times
04 Wed Sep 2024	83.00	82.80	83.00	82.80	0.058 times
03 Tue Sep 2024	83.25	84.00	84.55	82.15	0.173 times

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 110.5, for a target of 99.6 or 90.57

Share price targets for Arabian Petroleum (ARABIAN_SM)

Target Type	Value
Downside Target	75.35
Downside Target	77.00
Downside Target	80.60
Downside Target	85.00
Downside Target	90.50
Downside Target	93.00
Downside Target	99.95
Downside Target	101.95
Downside Target	104.00
Upside Target	109.30
Upside Target	115.00

Intraday share price targets for Arabian Petroleum (ARABIAN_SM)

Target Type	Value
Downside Intraday Target	104.97
Downside Intraday Target	101.83
Upside Intraday Target	110.27
Upside Intraday Target	112.43
Downside Intraday Target	107.13

Weekly technical analysis of Arabian Petroleum (ARABIAN_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	108.10	104.00	109.30	104.00	0.083 times
13 Fri Sep 2024	105.00	99.70	115.00	93.00	1.236 times
06 Fri Sep 2024	97.90	83.80	99.95	82.15	6.132 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

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
16 Mon Sep 2024	108.10	83.80	115.00	82.15	2.809 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 up this month, and volume has increased substantially. This means that the move can 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 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 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 Arabian Petroleum stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Arabian Petroleum 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.

Arabian Petroleum Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

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

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 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 101 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.