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(SELMC_BE) Sel Manufacturing complete technical analysis [charts+indicators] | Buy/Sell Sel Manufacturing | (SELMC_BE) share price targets

Complete technical analysis of Sel Manufacturing (SELMC_BE) by charts plus indicators, forecast predictions and share price targets for Sel Manufacturing (SELMC_BE)

Showing technical analysis as on 2024-08-19 View latest technical analysis

10 day averaged volume of Sel Manufacturing is 14376

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	67.08	69.69	69.69	64.23	3.101 times
16 Fri Aug 2024	67.62	64.42	67.64	61.19	3.637 times
14 Wed Aug 2024	64.42	68.45	68.45	64.12	2.639 times
23 Fri Feb 2024	85.80	84.60	87.25	84.60	0.12 times
22 Thu Feb 2024	85.90	86.50	86.50	85.05	0.356 times
21 Wed Feb 2024	86.75	87.85	89.00	86.15	0.37 times
20 Tue Feb 2024	87.90	86.30	89.50	86.30	0.324 times
19 Mon Feb 2024	88.00	87.95	88.00	84.65	0.36 times
16 Fri Feb 2024	86.30	84.15	86.85	83.45	0.896 times
15 Thu Feb 2024	85.15	85.85	85.85	82.70	0.431 times

Stock of Sel Manufacturing (SELMC_BE) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 67, for a target of 76.7 or 84.88

Share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Target	61.19
Downside Target	64.23
Upside Target	68.45
Upside Target	72.50
Upside Target	81.05
Upside Target	82.70
Upside Target	84.60
Upside Target	86.50
Upside Target	89.25
Upside Target	89.50
Upside Target	91.90
Upside Target	95.50
Upside Target	97.20
Upside Target	102.45

Intraday share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Intraday Target	64.31
Downside Intraday Target	61.54
Upside Intraday Target	69.77
Upside Intraday Target	72.46
Downside Intraday Target	67

Weekly technical analysis of Sel Manufacturing (SELMC_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	67.08	69.69	69.69	64.23	0.494 times
16 Fri Aug 2024	67.62	68.45	68.45	61.19	4.104 times
23 Fri Feb 2024	85.80	87.95	89.50	84.60	0.56 times
16 Fri Feb 2024	86.30	89.25	89.25	82.70	0.969 times
09 Fri Feb 2024	89.25	91.00	91.90	88.35	0.698 times

Price has moved down 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 Sel Manufacturing (SELMC_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	67.08	68.45	69.69	61.19	1.106 times
23 Fri Feb 2024	85.80	94.15	95.50	82.70	0.367 times
31 Wed Jan 2024	92.45	81.05	97.20	81.05	0.781 times
29 Fri Dec 2023	79.50	85.65	87.45	72.50	1.75 times

Scroll below to view daily charts

Price has moved down 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 Sel Manufacturing (SELMC_BE)

Price action analysis of Sel Manufacturing ( (SELMC_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 Sel Manufacturing ( (SELMC_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 Sel Manufacturing ( (SELMC_BE) ) 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 Sel Manufacturing stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Sel Manufacturing Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Sel Manufacturing in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 Sel Manufacturing is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 71.2 and Sel Manufacturing (SELMC_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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

Sel Manufacturing Stock has given negative 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.