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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 2024-08-21 View latest technical analysis

10 day averaged volume of Somi Conveyor is 4636

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	188.49	188.49	188.49	188.49	0.661 times
20 Tue Aug 2024	184.80	178.15	184.80	178.15	0.469 times
19 Mon Aug 2024	181.20	184.00	184.00	181.20	1.374 times
16 Fri Aug 2024	184.90	185.00	185.00	184.90	0.709 times
14 Wed Aug 2024	188.35	193.20	193.20	186.15	1.671 times
13 Tue Aug 2024	189.42	189.42	189.42	189.42	0.881 times
12 Mon Aug 2024	185.71	185.71	185.71	185.00	0.291 times
09 Fri Aug 2024	182.07	178.50	182.07	178.50	0.459 times
08 Thu Aug 2024	178.50	174.00	178.50	174.00	2.149 times
07 Wed Aug 2024	175.10	174.44	175.10	174.44	0.882 times

My analysis of stock is bearish for shortterm, and stock might move down till 179.7 or till 168.7. Use a stoploss of 188.86 and if the stock hits stoploss, then it can shoot up till 198.03

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	178.15
Downside Target	183.10
Upside Target	193.20
Upside Target	201.41
Upside Target	201.50
Upside Target	201.65
Upside Target	201.70
Upside Target	214.47
Upside Target	227.78

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	181.6
Downside Intraday Target	174.7
Upside Intraday Target	191.94
Upside Intraday Target	195.38
Downside Intraday Target	185.04

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	188.49	184.00	188.49	178.15	0.705 times
16 Fri Aug 2024	184.90	185.71	193.20	184.90	0.753 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

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
21 Wed Aug 2024	188.49	189.90	193.20	174.00	0.124 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

Although the stock is in the SELL zone, but selling 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 183.17 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 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.