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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 2024-08-30 View latest technical analysis

10 day averaged volume of Sel Manufacturing is 31749

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	63.04	62.09	64.02	62.09	0.578 times
29 Thu Aug 2024	62.10	63.11	65.41	61.85	1.047 times
28 Wed Aug 2024	63.99	64.97	66.00	63.00	0.644 times
27 Tue Aug 2024	64.99	62.10	67.49	62.10	0.554 times
26 Mon Aug 2024	65.03	68.40	68.40	64.51	0.658 times
23 Fri Aug 2024	65.50	65.00	66.50	63.09	1.296 times
22 Thu Aug 2024	64.99	65.52	65.52	62.05	0.878 times
21 Wed Aug 2024	64.37	64.99	66.85	64.00	1.238 times
20 Tue Aug 2024	64.89	65.43	67.00	64.00	0.635 times
19 Mon Aug 2024	67.08	69.69	69.69	64.23	1.404 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 62.8 as stoploss in an intra day buy trade for a target of 73.4. However, stock will show a bearish move below 62.8.

Share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Target	61.19
Upside Target	68.40
Upside Target	72.50
Upside Target	81.05
Upside Target	82.70
Upside Target	84.60
Upside Target	86.50
Upside Target	87.45
Upside Target	89.25
Upside Target	89.50
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	60.46
Downside Intraday Target	57.88
Upside Intraday Target	67.01
Upside Intraday Target	70.98
Upside Intraday Target	64.43

Weekly technical analysis of Sel Manufacturing (SELMC_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	63.04	68.40	68.40	61.85	0.638 times
23 Fri Aug 2024	65.50	69.69	69.69	62.05	1.918 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

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
30 Fri Aug 2024	63.04	68.45	69.69	61.19	3.066 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, and volume has increased substantially. This means that the move can 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 gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sel Manufacturing Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a SELL signal for Sel Manufacturing in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Sel Manufacturing is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 64.77 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.