Overall Technical outlook

Price Summary

On 2025-05-30, SOBHA's stock started at 1447.8, reached a high of 1479.9, fell to 1415.0, and ended -1.02% down at 1433.0, with 1526711 shares traded.
The top price for the stock in the last 52 weeks is 2122.99, with the bottom price being 1094.6.
17 analysts forecast that the price of SOBHA will range from 1150.0 to 2459.0, with an average expected price near 1575.6471.

Technicals

Support and Resistance: At 1433.0, the price for SOBHA is supported at 1390.4 and resisted at 1582.1. This indicates a trading range where 1390.4 serves as a support level, potentially preventing further decline, while 1582.1 could limit upward movement.
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Support/Resistance for SOBHA


Aroon: AROON is signaling a continued bullish trend, as the Aroon Up has increased and the Aroon Oscillator remains elevated. This combination suggests that the upward price trend is likely to persist. The high Aroon Oscillator level reinforces the expectation of ongoing bullish momentum, indicating that the market will likely maintain its upward trajectory.
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Aroon chart for Sobha Limited


Bol. Bands: The price for SOBHA dropping below the upper Bollinger Band could be an early signal of a downward trend. This movement might suggest that the asset is overbought and that a price decrease is possible. Traders often use this indicator to predict potential reversals, as it signals that the bullish trend could be weakening and that a correction or pullback might be forthcoming.
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Bolinger Bands chart for Sobha Limited


Parabolic SAR: The PSAR for SOBHA continues to be bullish, establishing a crucial support level that may help maintain the current upward trend. This level of support suggests that the market is poised to continue its positive trajectory, offering a foundation for further growth.
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Parabolic Stop and Reverse chart for Sobha Limited


Stochastic: The STOCHASTIC is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play.
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Stochastic chart for Sobha Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 period moving averages points to a bearish trend, signaling continued downward pressure. Yet, the slower SMAs are starting to lose steam, which may suggest a potential pivot. This weakening of the bearish trend could be an early sign that the market is preparing to shift towards a bullish direction, with a possible reversal on the horizon.
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Tripple SMA chart for Sobha Limited


When analyzing a company, its fundamentals—such as earnings, management efficiency, and strategic initiatives—must be considered alongside technical data. The context of the industry in which the company operates also plays a key role, as market trends and competitive dynamics can significantly impact performance. By taking a comprehensive approach, combining both fundamental and technical analysis, one can gain a deeper understanding of the company's potential for growth or risk.