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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 2024-09-18 View latest technical analysis

10 day averaged volume of Sel Manufacturing is 24251

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	59.38	60.00	61.98	59.11	0.6 times
17 Tue Sep 2024	62.05	62.40	62.50	59.51	0.29 times
16 Mon Sep 2024	62.40	62.00	63.40	61.12	0.894 times
13 Fri Sep 2024	60.39	57.00	60.39	56.51	1.115 times
12 Thu Sep 2024	57.52	57.91	58.78	56.61	0.546 times
11 Wed Sep 2024	57.92	57.60	59.50	56.50	0.797 times
10 Tue Sep 2024	58.10	59.79	59.79	57.55	0.825 times
09 Mon Sep 2024	58.29	57.98	60.00	56.00	2.207 times
06 Fri Sep 2024	58.04	60.90	61.40	58.00	1.476 times
05 Thu Sep 2024	59.53	60.84	61.93	59.01	1.142 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 58.6 as stoploss in an intra day buy trade for a target of 61.27. However, stock will show a bearish move below 58.6.

Share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Target	56.00
Downside Target	58.00
Upside Target	60.39
Upside Target	63.40
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	57.86
Downside Intraday Target	56.34
Upside Intraday Target	62.15
Upside Intraday Target	64.92
Upside Intraday Target	60.63

Weekly technical analysis of Sel Manufacturing (SELMC_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	59.38	62.00	63.40	59.11	0.325 times
13 Fri Sep 2024	60.39	57.98	60.39	56.00	1.285 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

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
18 Wed Sep 2024	59.38	65.79	65.79	56.00	0.749 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 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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Sel Manufacturing 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.

Sel Manufacturing 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 below the red cloud Prices appear to be coming down

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

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 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 59.09 and Sel Manufacturing (SELMC_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.