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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 2024-10-18 View latest technical analysis

10 day averaged volume of Arabian Petroleum is 24200

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	86.75	84.20	87.50	84.20	1.074 times
17 Thu Oct 2024	85.70	86.25	88.45	85.05	1.322 times
16 Wed Oct 2024	88.50	87.35	88.50	87.35	0.413 times
15 Tue Oct 2024	86.90	86.50	87.50	86.00	0.413 times
14 Mon Oct 2024	86.90	89.85	89.85	84.60	3.306 times
11 Fri Oct 2024	88.00	91.30	91.30	87.50	0.992 times
09 Wed Oct 2024	90.75	90.75	90.75	90.75	0.083 times
08 Tue Oct 2024	90.75	87.50	90.75	87.00	0.661 times
07 Mon Oct 2024	88.00	93.20	93.20	88.00	0.661 times
04 Fri Oct 2024	91.00	92.30	95.90	91.00	1.653 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 87.4, but if it comes above 87.4, then a intra day buy could be more profitable.
If you take a sell trade below 87.4, then use 87.4 as stoploss and 80.5 as target. However if you take a buy trade in stock , then use 87.4 as stoploss and 93.14 as target.

Share price targets for Arabian Petroleum (ARABIAN_SM)

Target Type	Value
Downside Target	75.35
Downside Target	77.00
Downside Target	82.15
Downside Target	84.20
Upside Target	89.85
Upside Target	93.20
Upside Target	95.90
Upside Target	96.85
Upside Target	97.20
Upside Target	101.60
Upside Target	110.40
Upside Target	115.00

Intraday share price targets for Arabian Petroleum (ARABIAN_SM)

Target Type	Value
Downside Intraday Target	84.02
Downside Intraday Target	81.28
Upside Intraday Target	89.67
Upside Intraday Target	92.58
Upside Intraday Target	86.93

Weekly technical analysis of Arabian Petroleum (ARABIAN_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	86.75	89.85	89.85	84.20	2.724 times
11 Fri Oct 2024	88.00	93.20	93.20	87.00	0.879 times
04 Fri Oct 2024	91.00	95.95	96.85	91.00	0.892 times
27 Fri Sep 2024	95.95	101.60	101.60	91.80	0.536 times
19 Thu Sep 2024	104.00	104.00	110.40	97.20	0.24 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Arabian Petroleum (ARABIAN_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	86.75	95.00	95.90	84.20	0.211 times
30 Mon Sep 2024	95.75	83.80	115.00	82.15	3.268 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

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 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 Arabian Petroleum ( (ARABIAN_SM) ) based on a short to mid 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Arabian Petroleum in short term and the sell signal is strong.

Arabian Petroleum Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Arabian Petroleum in short term and SELL signal is strong!

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

Stock of Arabian Petroleum is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 87.88 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.