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(SOMICONVEY_BE) Somi Conveyor complete technical analysis [charts+indicators] | Buy/Sell Somi Conveyor | (SOMICONVEY_BE) share price targets

Complete technical analysis of Somi Conveyor (SOMICONVEY_BE) by charts plus indicators, forecast predictions and share price targets for Somi Conveyor (SOMICONVEY_BE)

Showing technical analysis as on 2024-02-29 View latest technical analysis

10 day averaged volume of Somi Conveyor is 4083

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	101.45	101.45	101.45	101.45	2.266 times
28 Wed Feb 2024	99.50	97.55	99.50	97.55	1.335 times
27 Tue Feb 2024	97.55	99.50	99.65	97.55	0.649 times
26 Mon Feb 2024	99.50	100.95	100.95	99.00	0.196 times
23 Fri Feb 2024	101.00	100.20	101.00	100.00	0.429 times
22 Thu Feb 2024	100.60	101.50	101.80	100.60	0.748 times
21 Wed Feb 2024	101.80	101.80	101.85	101.80	0.185 times
20 Tue Feb 2024	103.85	105.95	105.95	103.85	0.968 times
19 Mon Feb 2024	105.95	104.00	106.00	104.00	1.537 times
16 Fri Feb 2024	104.00	102.00	104.00	102.00	2.059 times

Stock of Somi Conveyor (SOMICONVEY_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 99.2 or till 95. Use a stoploss of 102.74 and if the stock hits stoploss, then it can shoot up till 106.25

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	56.25
Downside Target	68.00
Downside Target	83.15
Downside Target	86.00
Downside Target	89.60
Downside Target	93.95
Downside Target	96.15
Downside Target	100.00
Upside Target	106.00
Upside Target	106.30
Upside Target	108.50
Upside Target	113.00
Upside Target	114.50

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	98.85
Downside Intraday Target	96.25
Upside Intraday Target	102.75
Upside Intraday Target	104.05
Downside Intraday Target	100.15

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	101.45	100.95	101.45	97.55	1.15 times
23 Fri Feb 2024	101.00	104.00	106.00	100.00	0.344 times
16 Fri Feb 2024	104.00	100.30	104.00	96.15	2.103 times
09 Fri Feb 2024	102.00	108.45	108.50	102.00	0.208 times
02 Fri Feb 2024	110.65	98.00	114.50	96.75	2.608 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 Conveyor (SOMICONVEY_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	101.45	113.00	114.50	96.15	0.394 times
31 Wed Jan 2024	113.00	89.60	113.00	89.60	1.501 times
29 Fri Dec 2023	91.55	93.35	93.95	83.15	0.414 times
30 Thu Nov 2023	89.45	98.60	106.30	86.00	3.017 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 Somi Conveyor (SOMICONVEY_BE)

Price action analysis of Somi Conveyor ( (SOMICONVEY_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 Somi Conveyor ( (SOMICONVEY_BE) ) 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 Conveyor ( (SOMICONVEY_BE) ) 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 Conveyor stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Somi Conveyor in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Somi Conveyor 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Somi Conveyor in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Somi Conveyor is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 102.24 and Somi Conveyor (SOMICONVEY_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 Somi Conveyor (SOMICONVEY_BE) stock. Volume based technical analysis of Somi Conveyor (SOMICONVEY_BE) stock is negative.

Somi Conveyor Stock has given negative 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.