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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 2024-09-10 View latest technical analysis

10 day averaged volume of Sel Manufacturing is 24675

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	58.10	59.79	59.79	57.55	0.811 times
09 Mon Sep 2024	58.29	57.98	60.00	56.00	2.169 times
06 Fri Sep 2024	58.04	60.90	61.40	58.00	1.451 times
05 Thu Sep 2024	59.53	60.84	61.93	59.01	1.122 times
04 Wed Sep 2024	59.77	61.79	61.79	59.50	0.696 times
03 Tue Sep 2024	60.70	62.82	62.82	60.00	0.418 times
02 Mon Sep 2024	61.59	65.79	65.79	60.40	0.512 times
30 Fri Aug 2024	63.04	62.09	64.02	62.09	0.743 times
29 Thu Aug 2024	62.10	63.11	65.41	61.85	1.348 times
28 Wed Aug 2024	63.99	64.97	66.00	63.00	0.828 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 58.2, but if it comes above 58.2, then a intra day buy could be more profitable.
If you take a sell trade below 58.2, then use 58.2 as stoploss and 51.3 as target. However if you take a buy trade in stock , then use 58.2 as stoploss and 63.99 as target.

Share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Target	56.00
Downside Target	58.00
Upside Target	60.00
Upside Target	65.79
Upside Target	68.40
Upside Target	69.69
Upside Target	72.50
Upside Target	81.05
Upside Target	82.70
Upside Target	87.45
Upside Target	95.50
Upside Target	97.20

Intraday share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Intraday Target	56.07
Downside Intraday Target	54.03
Upside Intraday Target	60.07
Upside Intraday Target	62.03
Downside Intraday Target	58.03

Weekly technical analysis of Sel Manufacturing (SELMC_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	58.10	57.98	60.00	56.00	0.709 times
06 Fri Sep 2024	58.04	65.79	65.79	58.00	0.938 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

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 Sel Manufacturing (SELMC_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	58.10	65.79	65.79	56.00	0.474 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 losing 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 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

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 60.07 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.