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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 2024-03-06 View latest technical analysis

10 day averaged volume of Somi Conveyor is 4111

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	107.55	111.75	111.75	107.55	3.447 times
05 Tue Mar 2024	109.75	109.75	109.75	109.75	1.172 times
04 Mon Mar 2024	107.60	107.60	107.60	107.60	0.962 times
02 Sat Mar 2024	105.50	105.50	105.50	105.50	0.001 times
01 Fri Mar 2024	103.45	103.45	103.45	103.45	2.279 times
29 Thu Feb 2024	101.45	101.45	101.45	101.45	2.251 times
28 Wed Feb 2024	99.50	97.55	99.50	97.55	1.325 times
27 Tue Feb 2024	97.55	99.50	99.65	97.55	0.645 times
26 Mon Feb 2024	99.50	100.95	100.95	99.00	0.195 times
23 Fri Feb 2024	101.00	100.20	101.00	100.00	0.426 times

Stock of Somi Conveyor (SOMICONVEY_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 105.8, but if it comes below 105.8, then a intra day sell could be more profitable.
If you take a sell trade below 105.8, then use 105.8 as stoploss and 102.56 as target. However if you take a buy trade in stock , then use 105.8 as stoploss and 109.7 as target.

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
Downside Target	107.55
Upside Target	108.50
Upside Target	111.75
Upside Target	113.00
Upside Target	114.50

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	106.15
Downside Intraday Target	104.75
Upside Intraday Target	110.35
Upside Intraday Target	113.15
Upside Intraday Target	108.95

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	107.55	107.60	111.75	107.55	0.834 times
02 Sat Mar 2024	105.50	100.95	105.50	97.55	1.744 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

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
06 Wed Mar 2024	107.55	103.45	111.75	103.45	0.248 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Somi Conveyor ( (SOMICONVEY_BE) ) 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 Conveyor ( (SOMICONVEY_BE) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Somi Conveyor 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 Conveyor 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 SELL signal for Somi Conveyor 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 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 104.25 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 rising upwards.

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 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.