Overall Technical outlook

Price Summary

In today's trading, Sobha Limited's stock climbed by 5.91%, showcasing an outstanding market day.
On 2025-07-15, Sobha Limited's stock opened at 1555.7, peaked at 1680.0, hit a low of 1550.0, and closed 5.91% up at 1647.6, with 2050078 shares changing hands.
The stock's highest value over the last 52 weeks is 2044.9, and the lowest value is 1094.6.
SOBHA's future price is expected to lie between 1200.0 and 2459.0, with an average expectation of 1739.6875, as per the recommendations of 16 analysts.

Technicals

Support and Resistance: The current price of 1647.6 for SOBHA finds support at 1562.7 and resistance at 1658.1. These levels define a range in which the price might oscillate, with 1562.7 as a potential support and 1658.1 as a resistance level.
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Support/Resistance for SOBHA


Aroon: Aroon's bullish trend is ongoing, with Aroon Up consistently at the 100 level. While this suggests strong market momentum, it's important to analyze this trend further with other indicators to gain a comprehensive understanding of the market's direction.
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Aroon chart for Sobha Limited


Bol. Bands: The current price has broken above the upper Bollinger Band, marking a bullish move in its latest action. This upward movement suggests that the market is experiencing strong buying interest, driving the price higher. Traders may view this as a positive indicator of continued momentum, potentially leading to further price increases.
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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 current state of the STOCHASTIC is neutral for SOBHA, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements.
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Stochastic chart for Sobha Limited


Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance for SOBHA, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand.
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Tripple SMA chart for Sobha Limited


A company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.