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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 2024-08-08 View latest technical analysis

10 day averaged volume of Somi Conveyor is 2042

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	178.50	174.00	178.50	174.00	4.88 times
07 Wed Aug 2024	175.10	174.44	175.10	174.44	2.003 times
06 Tue Aug 2024	178.00	183.10	183.10	178.00	2.528 times
05 Mon Aug 2024	181.64	181.64	181.64	181.64	0.257 times
02 Fri Aug 2024	185.35	186.20	186.20	185.35	0.771 times
01 Thu Aug 2024	189.14	189.90	189.90	189.14	0.522 times
31 Wed Jul 2024	193.00	194.00	194.00	192.10	0.445 times
30 Tue Jul 2024	195.02	199.00	199.00	195.02	0.218 times
29 Mon Jul 2024	199.00	197.66	201.65	197.66	2.514 times
26 Fri Jul 2024	201.70	201.90	201.90	201.70	0.418 times

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

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 183.4, but if it comes above 183.4, then a intra day buy could be more profitable.
If you take a sell trade below 183.4, then use 183.4 as stoploss and 166.4 as target. However if you take a buy trade in stock , then use 183.4 as stoploss and 197.55 as target.

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	112.50
Downside Target	128.00
Downside Target	149.90
Downside Target	155.40
Downside Target	169.30
Upside Target	183.10
Upside Target	189.90
Upside Target	201.41
Upside Target	201.65
Upside Target	201.70
Upside Target	202.57
Upside Target	214.47
Upside Target	227.78

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	173.97
Downside Intraday Target	169.43
Upside Intraday Target	183.07
Upside Intraday Target	187.63
Upside Intraday Target	178.53

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	178.50	181.64	183.10	174.00	2.163 times
02 Fri Aug 2024	185.35	197.66	201.65	185.35	0.568 times
26 Fri Jul 2024	201.70	214.47	214.47	201.70	0.137 times
19 Fri Jul 2024	218.85	202.57	227.78	202.57	1.092 times
12 Fri Jul 2024	192.93	174.70	192.93	172.00	0.613 times

Price has moved down 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
08 Thu Aug 2024	178.50	189.90	189.90	174.00	0.053 times
31 Wed Jul 2024	193.00	191.33	227.78	169.30	25.994 times
28 Fri Jun 2024	201.41	201.50	201.50	201.41	0.092 times
17 Fri May 2024	128.85	144.90	155.40	112.50	1.414 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 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 mid to longer 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.

ADX buy sell signal for Somi Conveyor stock for short term is SELL. Signal strength is Strong and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below 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

Although the stock is in the BUY zone, but buying 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 183.64 and Somi Conveyor (SOMICONVEY_BE) stock is trading below this level. This means that stock is falling with high volumes. 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 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.