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(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, 4Buy
Stochastics 74Buy
CCI 78Buy
RSI 66Buy
OBV 188874Sell
VWAP 43Buy
ADL 0Sell
ROC 19Buy
Force Index 0Sell

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.

Click here for Somi Conv charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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