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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)

Showing technical analysis as on 2024-05-03 View latest technical analysis

10 day averaged volume of Arabian Petroleum is 14800

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	90.20	88.20	90.65	88.00	2.162 times
02 Thu May 2024	88.20	83.05	90.00	83.05	3.243 times
30 Tue Apr 2024	83.05	82.65	84.00	82.00	0.811 times
29 Mon Apr 2024	83.50	82.55	83.50	82.55	0.541 times
26 Fri Apr 2024	85.05	85.05	85.05	85.05	0.27 times
25 Thu Apr 2024	85.85	86.80	86.80	85.00	1.081 times
24 Wed Apr 2024	85.00	85.00	85.00	85.00	0.405 times
23 Tue Apr 2024	85.00	84.00	85.00	84.00	0.676 times
22 Mon Apr 2024	84.80	84.30	85.95	80.05	2.297 times
19 Fri Apr 2024	84.30	84.30	84.30	84.30	0.135 times

Stock of Arabian Petroleum (ARABIAN_SM) has showed a significant upmove. This could be a good time to enter in 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 89.3, for a target of 87.2 or 85.5

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	88.70
Downside Target	90.20
Upside Target	90.65
Upside Target	92.00
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	84.58
Downside Intraday Target	78.97
Upside Intraday Target	93.23
Upside Intraday Target	96.27
Downside Intraday Target	87.62

Weekly technical analysis of Arabian Petroleum (ARABIAN_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
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
05 Fri Apr 2024	86.05	87.75	88.50	85.00	0.542 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 Arabian Petroleum (ARABIAN_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	90.20	83.05	90.65	83.05	0.374 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, but volume has not increased substantially. This means that the move can be temporary and might not 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Arabian Petroleum ( (ARABIAN_SM) ) based on a mid to longer 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.

ADX buy sell signal for Arabian Petroleum stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Arabian Petroleum in short term but the buy signal is initial and weak.

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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 86.69 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.