Overall Technical outlook

Price Summary

Sobha Limited's stock skyrocketed 4.24% today, marking a fantastic performance in the market.
On 2026-02-03, Sobha Limited's stock began at 1445.0, climbed to 1554.2, dropped to 1445.0, and had 4.24% to end at 1506.2, with a volume of 227769 shares.
Over the previous 52 weeks, the stock reached a high of 1701.2 and a low of 1094.6.
SOBHA's future price is expected to lie between 1475.0 and 2459.0, with an average expectation of 1831.0, as per the recommendations of 16 analysts.

Technicals

Support and Resistance: The current price of 1506.2 for SOBHA finds support at 1458.4 and resistance at 1519.0. These levels define a range in which the price might oscillate, with 1458.4 as a potential support and 1519.0 as a resistance level.
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Support/Resistance for SOBHA


Aroon: The AROON is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Aroon chart for Sobha Limited


Bol. Bands: The current reading of the BOLL BANDS is neutral for SOBHA, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction.
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Bolinger Bands chart for Sobha Limited


Parabolic SAR: The PSAR for SOBHA has recently shifted from a bearish to a bullish direction, indicating a potential trend reversal. When combined with other indicators, this change could signal a strong bullish trend, provided it is supported by a broader market trend. Investors should consider this a positive development, especially if other indicators align with this shift.
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Parabolic Stop and Reverse chart for Sobha Limited


Stochastic: The STOCHASTIC is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Stochastic chart for Sobha Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bullish trend, but the slopes of the 20 and 50 SMAs are beginning to lose strength. This decline in momentum could be an early warning sign that the market is nearing a turning point, with a potential bearish shift in price action likely to occur soon as the uptrend falters.
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Tripple SMA chart for Sobha Limited


Before focusing on technical indicators like stock price and volume, it's important to consider a company's fundamentals. These include financial metrics such as profitability, revenue growth, and debt levels. Furthermore, understanding the industry landscape, including competition and consumer trends, provides essential context. By combining this fundamental analysis with technical data, investors can make more informed decisions and draw deeper conclusions about the company's potential for future growth and success.