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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 2024-08-14 View latest technical analysis

10 day averaged volume of Somi Conveyor is 3085

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	188.35	193.20	193.20	186.15	2.511 times
13 Tue Aug 2024	189.42	189.42	189.42	189.42	1.324 times
12 Mon Aug 2024	185.71	185.71	185.71	185.00	0.437 times
09 Fri Aug 2024	182.07	178.50	182.07	178.50	0.69 times
08 Thu Aug 2024	178.50	174.00	178.50	174.00	3.23 times
07 Wed Aug 2024	175.10	174.44	175.10	174.44	1.326 times
06 Tue Aug 2024	178.00	183.10	183.10	178.00	1.674 times
05 Mon Aug 2024	181.64	181.64	181.64	181.64	0.17 times
02 Fri Aug 2024	185.35	186.20	186.20	185.35	0.511 times
01 Thu Aug 2024	189.14	189.90	189.90	189.14	0.345 times

Stock of Somi Conveyor (SOMICONVEY_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 181.1 or till 164.2. Use a stoploss of 195.23 and if the stock hits stoploss, then it can shoot up till 209.33

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
Upside Target	193.20
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	184.5
Downside Intraday Target	180.65
Upside Intraday Target	192.7
Upside Intraday Target	197.05
Upside Intraday Target	188.85

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	188.35	185.71	193.20	185.00	0.602 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
14 Wed Aug 2024	188.35	189.90	193.20	174.00	0.089 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 gaining momentum.

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

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 coming down

CCI has generated a SELL signal for Somi Conveyor in short term but SELL signal is weak.

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 182.36 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 positive

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