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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 2024-08-23 View latest technical analysis

10 day averaged volume of Somi Conveyor is 4310

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	193.10	188.55	193.10	188.55	0.546 times
22 Thu Aug 2024	192.25	192.25	192.25	192.25	0.681 times
21 Wed Aug 2024	188.49	188.49	188.49	188.49	0.711 times
20 Tue Aug 2024	184.80	178.15	184.80	178.15	0.504 times
19 Mon Aug 2024	181.20	184.00	184.00	181.20	1.478 times
16 Fri Aug 2024	184.90	185.00	185.00	184.90	0.763 times
14 Wed Aug 2024	188.35	193.20	193.20	186.15	1.797 times
13 Tue Aug 2024	189.42	189.42	189.42	189.42	0.947 times
12 Mon Aug 2024	185.71	185.71	185.71	185.00	0.313 times
09 Fri Aug 2024	182.07	178.50	182.07	178.50	0.494 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 194.2 as stoploss in an intra day sell trade for a target of 187.34. However, stock will show a bullish move above 194.2.

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
Downside Target	193.10
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	183.13
Downside Intraday Target	173.17
Upside Intraday Target	198.08
Upside Intraday Target	203.07
Downside Intraday Target	188.12

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	193.10	184.00	193.10	178.15	1.026 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
23 Fri Aug 2024	193.10	189.90	193.20	174.00	0.137 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 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 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 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 neutral. A longer time frame might give a better analysis.

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 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 SELL signal for Somi Conveyor in short term but SELL signal is weak.

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 186.82 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.