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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 2024-03-20 View latest technical analysis

10 day averaged volume of Somi Conveyor is 33560

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	135.90	135.90	135.90	135.90	0.015 times
19 Tue Mar 2024	138.65	153.20	153.20	138.65	1.012 times
18 Mon Mar 2024	145.95	143.00	145.95	142.00	0.709 times
15 Fri Mar 2024	139.00	139.00	139.00	134.10	1.228 times
14 Thu Mar 2024	132.40	126.90	132.40	126.90	0.783 times
13 Wed Mar 2024	126.10	126.90	126.90	123.00	1.656 times
12 Tue Mar 2024	120.90	118.50	120.90	109.40	2.358 times
11 Mon Mar 2024	115.15	114.95	115.15	112.10	1.569 times
07 Thu Mar 2024	109.70	109.65	109.70	109.65	0.119 times
06 Wed Mar 2024	107.55	111.75	111.75	107.55	0.422 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 130.3, but if it comes below 130.3, then a intra day sell could be more profitable.
If you take a sell trade below 130.3, then use 130.3 as stoploss and 114.86 as target. However if you take a buy trade in stock , then use 130.3 as stoploss and 148.8 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	103.45
Downside Target	111.75
Downside Target	113.00
Downside Target	114.50
Downside Target	135.90
Upside Target	139.00
Upside Target	153.20

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	130.13
Downside Intraday Target	124.37
Upside Intraday Target	147.43
Upside Intraday Target	158.97
Upside Intraday Target	141.67

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	135.90	143.00	153.20	135.90	0.229 times
15 Fri Mar 2024	139.00	114.95	139.00	109.40	9.465 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

Price has moved down 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
20 Wed Mar 2024	135.90	103.45	153.20	103.45	2.685 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 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 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 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 BUY. Signal strength is Strong 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

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 126.96 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.