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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 2024-04-12 View latest technical analysis

10 day averaged volume of Somi Conveyor is 5494

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	128.10	131.70	131.70	128.10	0.58 times
10 Wed Apr 2024	129.15	128.65	130.10	128.65	0.891 times
09 Tue Apr 2024	131.05	132.65	133.00	131.05	0.899 times
08 Mon Apr 2024	132.65	133.50	133.50	132.65	0.122 times
05 Fri Apr 2024	135.35	135.35	135.35	135.35	0.404 times
04 Thu Apr 2024	138.10	139.55	139.55	138.10	0.588 times
03 Wed Apr 2024	139.50	138.40	139.50	138.20	0.789 times
02 Tue Apr 2024	138.45	136.00	138.45	136.00	1.383 times
01 Mon Apr 2024	135.75	133.65	135.75	133.65	1.184 times
28 Thu Mar 2024	133.10	133.10	133.10	133.10	2.141 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 129.3, but if it comes above 129.3, then a intra day buy could be more profitable.
If you take a sell trade below 129.3, then use 129.3 as stoploss and 123.5 as target. However if you take a buy trade in stock , then use 129.3 as stoploss and 134.07 as target.

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	109.40
Downside Target	113.00
Downside Target	127.95
Upside Target	133.65
Upside Target	139.00
Upside Target	139.55
Upside Target	153.20

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	126.3
Downside Intraday Target	124.5
Upside Intraday Target	131.7
Upside Intraday Target	135.3
Upside Intraday Target	129.9

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	128.10	133.50	133.50	128.10	0.573 times
05 Fri Apr 2024	135.35	133.65	139.55	133.65	0.702 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

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
12 Fri Apr 2024	128.10	133.65	139.55	128.10	0.093 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 down 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 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 short to mid 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 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 gaining momentum.

MACD generated a SELL signal for Somi Conveyor in short term but the sell signal is initial and weak.

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 in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Somi Conveyor in short term

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 134.34 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 has given negative 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.