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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)

10 day averaged volume of Arabian Petroleum is 31200

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	97.60	96.90	99.95	96.05	2.821 times
07 Tue May 2024	97.90	93.00	98.85	91.30	3.013 times
06 Mon May 2024	92.55	95.00	97.90	92.15	2.628 times
03 Fri May 2024	90.20	88.20	90.65	88.00	1.026 times
02 Thu May 2024	88.20	83.05	90.00	83.05	1.538 times
30 Tue Apr 2024	83.05	82.65	84.00	82.00	0.385 times
29 Mon Apr 2024	83.50	82.55	83.50	82.55	0.256 times
26 Fri Apr 2024	85.05	85.05	85.05	85.05	0.128 times
25 Thu Apr 2024	85.85	86.80	86.80	85.00	0.513 times
24 Wed Apr 2024	85.00	85.00	85.00	85.00	0.192 times

Stock of Arabian Petroleum (ARABIAN_SM) has showed a significant fall. This could be a good time to exit from this stock.

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 96.2, for a target of 91.1 or 86.89

Share price targets for Arabian Petroleum (ARABIAN_SM)

Target Type	Value
Downside Target	71.05
Downside Target	80.00
Downside Target	82.00
Downside Target	86.80
Downside Target	90.65
Downside Target	91.30
Downside Target	92.00
Upside Target	99.95
Upside Target	100.80
Upside Target	101.50
Upside Target	104.20

Intraday share price targets for Arabian Petroleum (ARABIAN_SM)

Target Type	Value
Downside Intraday Target	92.62
Downside Intraday Target	87.63
Upside Intraday Target	101.27
Upside Intraday Target	104.93
Downside Intraday Target	96.28

Weekly technical analysis of Arabian Petroleum (ARABIAN_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	97.60	95.00	99.95	91.30	2.64 times
03 Fri May 2024	90.20	82.55	90.65	82.00	1.429 times
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

Price has moved up 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
08 Wed May 2024	97.60	83.05	99.95	83.05	1.607 times
30 Tue Apr 2024	83.05	87.75	88.70	80.00	0.399 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

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 gaining 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Arabian Petroleum in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 93.3 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.