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(SONAMLTD_BE) Sonam complete technical analysis [charts+indicators] | Buy/Sell Sonam | (SONAMLTD_BE) share price targets

Complete technical analysis of Sonam (SONAMLTD_BE) by charts plus indicators, forecast predictions and share price targets for Sonam (SONAMLTD_BE)

Showing technical analysis as on 2024-12-18 View latest technical analysis

10 day averaged volume of Sonam is 164837

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	76.86	75.95	76.86	74.00	0.823 times
17 Tue Dec 2024	73.20	75.97	75.97	72.50	0.887 times
16 Mon Dec 2024	75.25	74.40	76.00	73.70	0.913 times
13 Fri Dec 2024	74.33	75.22	76.00	73.00	0.465 times
12 Thu Dec 2024	75.66	78.30	78.30	73.45	0.749 times
11 Wed Dec 2024	75.40	79.98	79.98	75.00	0.759 times
10 Tue Dec 2024	77.31	80.99	80.99	76.05	0.671 times
09 Mon Dec 2024	79.16	79.95	80.94	78.00	1.547 times
06 Fri Dec 2024	77.92	76.74	78.26	72.50	1.036 times
05 Thu Dec 2024	74.54	75.70	77.89	74.02	1.109 times

My analysis of stock is bearish for shortterm, and stock might move down till 75 or till 71.7. Use a stoploss of 77.75 and if the stock hits stoploss, then it can shoot up till 80.5

Share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Target	66.50
Downside Target	72.50
Downside Target	74.85
Downside Target	76.86
Upside Target	80.22
Upside Target	80.99
Upside Target	81.00
Upside Target	85.25
Upside Target	86.45
Upside Target	87.21
Upside Target	96.70

Intraday share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Intraday Target	73.95
Downside Intraday Target	71.05
Upside Intraday Target	78.31
Upside Intraday Target	79.77
Downside Intraday Target	75.41

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	76.86	74.40	76.86	72.50	0.626 times
13 Fri Dec 2024	74.33	79.95	80.99	73.00	0.689 times
06 Fri Dec 2024	77.92	76.23	81.00	72.50	0.459 times
29 Fri Nov 2024	76.23	78.00	86.45	75.31	11.474 times
22 Fri Nov 2024	80.22	85.25	85.25	80.22	1.544 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 Sonam (SONAMLTD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	76.86	76.23	81.00	72.50	0.442 times
29 Fri Nov 2024	76.23	88.95	96.70	75.31	0.358 times
31 Thu Oct 2024	87.21	75.95	87.21	67.32	43.799 times
30 Mon Sep 2024	75.95	76.50	77.90	73.00	1.409 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 Sonam (SONAMLTD_BE)

Price action analysis of Sonam ( (SONAMLTD_BE) ) 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 Sonam ( (SONAMLTD_BE) ) 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 Sonam ( (SONAMLTD_BE) ) 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 Sonam ( (SONAMLTD_BE) ) 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 Sonam stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

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

Sonam 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. 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 buy signal for Sonam in short term but BUY signal is weak.

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

Stock of Sonam is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 76.24 and Sonam (SONAMLTD_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Sonam (SONAMLTD_BE) stock. Volume based technical analysis of Sonam (SONAMLTD_BE) stock is negative.

Sonam 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.