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 2024-04-01 View latest technical analysis

10 day averaged volume of Somi Conveyor is 18030

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	135.75	133.65	135.75	133.65	0.361 times
28 Thu Mar 2024	133.10	133.10	133.10	133.10	0.652 times
27 Wed Mar 2024	130.50	130.50	130.50	130.50	0.487 times
26 Tue Mar 2024	127.95	130.20	130.20	127.95	0.747 times
22 Fri Mar 2024	130.55	130.55	131.55	130.55	1.083 times
21 Thu Mar 2024	133.20	133.20	133.20	133.20	0.055 times
20 Wed Mar 2024	135.90	135.90	135.90	135.90	0.028 times
19 Tue Mar 2024	138.65	153.20	153.20	138.65	1.883 times
18 Mon Mar 2024	145.95	143.00	145.95	142.00	1.32 times
15 Fri Mar 2024	139.00	139.00	139.00	134.10	2.286 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 137.4 as stoploss in an intra day sell trade for a target of 124.43. However, stock will show a bullish move above 137.4.

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	83.15
Downside Target	89.60
Downside Target	93.95
Downside Target	96.15
Downside Target	103.45
Downside Target	107.55
Downside Target	111.75
Downside Target	127.95
Downside Target	130.55
Downside Target	135.75
Upside Target	139.00
Upside Target	153.20

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	134.35
Downside Intraday Target	132.95
Upside Intraday Target	136.45
Upside Intraday Target	137.15
Downside Intraday Target	135.05

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	135.75	133.65	135.75	133.65	0.191 times
28 Thu Mar 2024	133.10	130.20	133.10	127.95	0.432 times
22 Fri Mar 2024	130.55	143.00	153.20	130.55	0.309 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

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
01 Mon Apr 2024	135.75	133.65	135.75	133.65	0.016 times
28 Thu Mar 2024	133.10	103.45	153.20	103.45	3.104 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

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 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 gaining 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 but BUY signal is weak.

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 136.93 and Somi Conveyor (SOMICONVEY_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.