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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 2024-08-13 View latest technical analysis

10 day averaged volume of Somi Conveyor is 2721

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	189.42	189.42	189.42	189.42	1.501 times
12 Mon Aug 2024	185.71	185.71	185.71	185.00	0.495 times
09 Fri Aug 2024	182.07	178.50	182.07	178.50	0.783 times
08 Thu Aug 2024	178.50	174.00	178.50	174.00	3.662 times
07 Wed Aug 2024	175.10	174.44	175.10	174.44	1.503 times
06 Tue Aug 2024	178.00	183.10	183.10	178.00	1.897 times
05 Mon Aug 2024	181.64	181.64	181.64	181.64	0.193 times
02 Fri Aug 2024	185.35	186.20	186.20	185.35	0.579 times
01 Thu Aug 2024	189.14	189.90	189.90	189.14	0.391 times
31 Wed Jul 2024	193.00	194.00	194.00	192.10	0.334 times

My analysis of stock is bearish for shortterm, and stock might move down till 181.9 or till 164.5. Use a stoploss of 196.45 and if the stock hits stoploss, then it can shoot up till 210.95

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
Downside Target	174.00
Downside Target	183.10
Downside Target	189.42
Upside Target	201.41
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	186.47
Downside Intraday Target	183.53
Upside Intraday Target	190.89
Upside Intraday Target	192.37
Downside Intraday Target	187.95

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	189.42	185.71	189.42	185.00	0.248 times
09 Fri Aug 2024	182.07	181.64	183.10	174.00	2.396 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

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
13 Tue Aug 2024	189.42	189.90	189.90	174.00	0.071 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 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 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 BUY. Signal strength is Weak and stock is losing 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 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 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 181.17 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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.