Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-03-07 View latest technical analysis

10 day averaged volume of Somi Conveyor is 5223

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	109.70	109.65	109.70	109.65	0.762 times
06 Wed Mar 2024	107.55	111.75	111.75	107.55	2.713 times
05 Tue Mar 2024	109.75	109.75	109.75	109.75	0.923 times
04 Mon Mar 2024	107.60	107.60	107.60	107.60	0.757 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	1.794 times
29 Thu Feb 2024	101.45	101.45	101.45	101.45	1.772 times
28 Wed Feb 2024	99.50	97.55	99.50	97.55	1.043 times
27 Tue Feb 2024	97.55	99.50	99.65	97.55	0.508 times
26 Mon Feb 2024	99.50	100.95	100.95	99.00	0.153 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 110.9, for a target of 106.6 or 102.95

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
Downside 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	107.58
Downside Intraday Target	105.47
Upside Intraday Target	111.78
Upside Intraday Target	113.87
Downside Intraday Target	109.67

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	109.70	107.60	111.75	107.55	0.978 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
07 Thu Mar 2024	109.70	103.45	111.75	103.45	0.279 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 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 short to mid 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 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 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 104.75 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.