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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 2024-09-05 View latest technical analysis

10 day averaged volume of Sel Manufacturing is 21963

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	59.53	60.84	61.93	59.01	1.261 times
04 Wed Sep 2024	59.77	61.79	61.79	59.50	0.782 times
03 Tue Sep 2024	60.70	62.82	62.82	60.00	0.47 times
02 Mon Sep 2024	61.59	65.79	65.79	60.40	0.576 times
30 Fri Aug 2024	63.04	62.09	64.02	62.09	0.835 times
29 Thu Aug 2024	62.10	63.11	65.41	61.85	1.514 times
28 Wed Aug 2024	63.99	64.97	66.00	63.00	0.93 times
27 Tue Aug 2024	64.99	62.10	67.49	62.10	0.8 times
26 Mon Aug 2024	65.03	68.40	68.40	64.51	0.951 times
23 Fri Aug 2024	65.50	65.00	66.50	63.09	1.873 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 58.9 as stoploss in an intra day buy trade for a target of 68.3. However, stock will show a bearish move below 58.9.

Share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Target	59.01
Upside Target	61.19
Upside Target	65.79
Upside Target	68.40
Upside Target	72.50
Upside Target	81.05
Upside Target	82.70
Upside Target	84.60
Upside Target	87.45
Upside Target	89.50
Upside Target	95.50
Upside Target	97.20

Intraday share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Intraday Target	57.1
Downside Intraday Target	54.66
Upside Intraday Target	63.88
Upside Intraday Target	68.22
Upside Intraday Target	61.44

Weekly technical analysis of Sel Manufacturing (SELMC_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	59.53	65.79	65.79	59.01	0.614 times
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

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
05 Thu Sep 2024	59.53	65.79	65.79	59.01	0.181 times
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

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 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 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 SELL signal for Sel Manufacturing in short term and SELL signal is strong!

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 62.9 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.