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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 2024-03-01 View latest technical analysis

10 day averaged volume of Somi Conveyor is 4235

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	103.45	103.45	103.45	103.45	2.213 times
29 Thu Feb 2024	101.45	101.45	101.45	101.45	2.185 times
28 Wed Feb 2024	99.50	97.55	99.50	97.55	1.287 times
27 Tue Feb 2024	97.55	99.50	99.65	97.55	0.626 times
26 Mon Feb 2024	99.50	100.95	100.95	99.00	0.189 times
23 Fri Feb 2024	101.00	100.20	101.00	100.00	0.414 times
22 Thu Feb 2024	100.60	101.50	101.80	100.60	0.721 times
21 Wed Feb 2024	101.80	101.80	101.85	101.80	0.178 times
20 Tue Feb 2024	103.85	105.95	105.95	103.85	0.933 times
19 Mon Feb 2024	105.95	104.00	106.00	104.00	1.482 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 bullish for shortterm, and stock might move up till 105.4 or till 109. Use a stoploss of 102.38 and if this stock hits its stoploss, then it can fall down till 99.37

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	83.15
Downside Target	86.00
Downside Target	89.60
Downside Target	93.95
Downside Target	96.15
Downside Target	100.00
Downside Target	102.00
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	99.52
Downside Intraday Target	95.58
Upside Intraday Target	105.42
Upside Intraday Target	107.38
Downside Intraday Target	101.48

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	103.45	100.95	103.45	97.55	1.743 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	103.45	103.45	103.45	103.45	0.072 times
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

Scroll below to view daily charts

Price has moved up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Somi Conveyor 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 positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 102.16 and Somi Conveyor (SOMICONVEY_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 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.