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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 2024-03-13 View latest technical analysis

10 day averaged volume of Somi Conveyor is 18278

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	126.10	126.90	126.90	123.00	3.041 times
12 Tue Mar 2024	120.90	118.50	120.90	109.40	4.329 times
11 Mon Mar 2024	115.15	114.95	115.15	112.10	2.881 times
07 Thu Mar 2024	109.70	109.65	109.70	109.65	0.218 times
06 Wed Mar 2024	107.55	111.75	111.75	107.55	0.775 times
05 Tue Mar 2024	109.75	109.75	109.75	109.75	0.264 times
04 Mon Mar 2024	107.60	107.60	107.60	107.60	0.216 times
02 Sat Mar 2024	105.50	105.50	105.50	105.50	0 times
01 Fri Mar 2024	103.45	103.45	103.45	103.45	0.513 times
29 Thu Feb 2024	101.45	101.45	101.45	101.45	0.506 times

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

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 121.9, for a target of 113.3 or 106.15

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	103.45
Downside Target	109.40
Downside Target	111.75
Downside Target	113.00
Downside Target	114.50
Upside Target	126.90

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	114.7
Downside Intraday Target	103.3
Upside Intraday Target	132.2
Upside Intraday Target	138.3
Downside Intraday Target	120.8

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	126.10	114.95	126.90	109.40	6.958 times
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

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
13 Wed Mar 2024	126.10	103.45	126.90	103.45	1.719 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, and volume has increased substantially. This means that the move can 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 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 short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 Strong and stock is gaining 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 stronger in this stock.

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

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 117.91 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.