(SOMICONVEY) Somi Conv complete technical analysis [charts+indicators] | Buy/Sell Somi Conv | (SOMICONVEY) share price targets
Complete technical analysis of Somi Conv (SOMICONVEY) by charts plus indicators, forecast predictions and share price targets for Somi Conv (SOMICONVEY)
Somi Conv trades in NSE in Industrial Machinery sector.
10 day averaged volume of Somi Conv is 35224
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Fri Aug 2022 | 44.40 | 45.55 | 46.70 | 44.00 | 0.619 times |
| 11 Thu Aug 2022 | 45.20 | 44.45 | 47.00 | 41.30 | 0.942 times |
| 10 Wed Aug 2022 | 43.80 | 46.50 | 46.70 | 43.50 | 0.47 times |
| 08 Mon Aug 2022 | 45.90 | 45.70 | 47.40 | 45.05 | 2.213 times |
| 05 Fri Aug 2022 | 44.10 | 40.65 | 45.00 | 39.55 | 2.593 times |
| 04 Thu Aug 2022 | 39.25 | 41.50 | 41.50 | 38.00 | 0.337 times |
| 03 Wed Aug 2022 | 39.70 | 41.60 | 41.60 | 39.10 | 0.164 times |
| 02 Tue Aug 2022 | 40.35 | 43.70 | 44.75 | 38.60 | 1.497 times |
| 01 Mon Aug 2022 | 41.30 | 39.40 | 41.30 | 37.30 | 1.344 times |
| 30 Sat Jul 2022 | 37.55 | 39.50 | 40.00 | 37.15 | 0.403 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 43.1, but if it comes below 43.1, then a intra day sell could be more profitable.
If you take a sell trade below 43.1, then use 43.1 as stoploss and 39.23 as target. However if you take a buy trade in stock , then use 43.1 as stoploss and 47.7 as target.
Share price targets for Somi Conv (SOMICONVEY)
| Target Type | Value |
| Downside Target | 28.10 |
| Downside Target | 28.80 |
| Downside Target | 29.40 |
| Downside Target | 30.50 |
| Downside Target | 31.50 |
| Downside Target | 33.05 |
| Downside Target | 35.85 |
| Downside Target | 37.30 |
| Downside Target | 38.30 |
| Downside Target | 39.25 |
| Downside Target | 41.30 |
| Upside Target | 45.00 |
| Upside Target | 45.15 |
| Upside Target | 47.40 |
Intraday share price targets for Somi Conv (SOMICONVEY)
| Target Type | Value |
| Downside Intraday Target | 41.33 |
| Downside Intraday Target | 38.27 |
| Upside Intraday Target | 47.43 |
| Upside Intraday Target | 50.47 |
| Downside Intraday Target | 44.37 |
Weekly technical analysis of Somi Conv (SOMICONVEY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Fri Aug 2022 | 44.40 | 45.70 | 47.40 | 41.30 | 0.715 times |
| 05 Fri Aug 2022 | 44.10 | 39.40 | 45.00 | 37.30 | 4.815 times |
| 30 Sat Jul 2022 | 37.55 | 39.30 | 40.00 | 35.85 | 0.517 times |
| 22 Fri Jul 2022 | 38.50 | 32.00 | 39.25 | 30.50 | 4.326 times |
| 15 Fri Jul 2022 | 31.60 | 31.20 | 33.60 | 29.40 | 0.83 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 Somi Conv (SOMICONVEY)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 12 Fri Aug 2022 | 44.40 | 39.40 | 47.40 | 37.30 | 1.867 times |
| 30 Sat Jul 2022 | 37.55 | 32.50 | 40.00 | 28.80 | 2.663 times |
| 30 Thu Jun 2022 | 32.70 | 35.30 | 38.30 | 28.10 | 0.986 times |
| 31 Tue May 2022 | 34.30 | 36.50 | 39.50 | 31.50 | 0.214 times |
Scroll below to view daily charts
Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Somi Conv (SOMICONVEY)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 27, 15, 29 | Buy |
| MACD | 5, 4 | Buy |
| Stochastics | 74 | Buy |
| CCI | 78 | Buy |
| RSI | 66 | Buy |
| OBV | 188874 | Sell |
| VWAP | 43 | Buy |
| ADL | 0 | Sell |
| ROC | 19 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Somi Conv ( (SOMICONVEY) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Somi Conv ( (SOMICONVEY) ) 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 Somi Conv ( (SOMICONVEY) ) based on a short to mid 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 Somi Conv ( (SOMICONVEY) ) based on a mid to longer 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.
ADX buy sell signal for Somi Conv stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Somi Conv in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Somi Conv Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a buy signal for Somi Conv in short term and BUY signal is strong.
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 Somi Conv is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 43.22 and Somi Conv (SOMICONVEY) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Somi Conv (SOMICONVEY) stock. Volume based technical analysis of Somi Conv (SOMICONVEY) stock is negative.
Somi Conv Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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