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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 2024-04-22 View latest technical analysis

10 day averaged volume of Somi Conveyor is 5583

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	138.60	138.60	138.60	138.60	0.431 times
19 Fri Apr 2024	135.90	135.90	135.90	135.90	2.255 times
18 Thu Apr 2024	133.25	133.25	133.25	133.25	0.56 times
16 Tue Apr 2024	130.65	130.00	130.65	130.00	0.816 times
15 Mon Apr 2024	128.10	128.00	129.25	128.00	2.942 times
12 Fri Apr 2024	128.10	131.70	131.70	128.10	0.571 times
10 Wed Apr 2024	129.15	128.65	130.10	128.65	0.876 times
09 Tue Apr 2024	131.05	132.65	133.00	131.05	0.885 times
08 Mon Apr 2024	132.65	133.50	133.50	132.65	0.12 times
05 Fri Apr 2024	135.35	135.35	135.35	135.35	0.397 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 136.9, but if it comes below 136.9, then a intra day sell could be more profitable.
If you take a sell trade below 136.9, then use 136.9 as stoploss and 133.29 as target. However if you take a buy trade in stock , then use 136.9 as stoploss and 141.3 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	113.00
Downside Target	127.95
Downside Target	133.10
Downside Target	135.90
Downside Target	138.60
Upside Target	139.55
Upside Target	153.20

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	138.6
Downside Intraday Target	138.6
Downside Intraday Target	138.6
Downside Intraday Target	138.6
Downside Intraday Target	138.6

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	138.60	138.60	138.60	138.60	0.066 times
19 Fri Apr 2024	135.90	128.00	135.90	128.00	2.68 times
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

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
22 Mon Apr 2024	138.60	133.65	139.55	128.00	0.19 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 neutral. A longer time frame might give a better analysis.

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 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 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 131.55 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 falling down

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.