Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-26 View latest technical analysis

10 day averaged volume of Somi Conveyor is 3549

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	190.98	195.50	202.00	187.55	2.108 times
23 Fri Aug 2024	193.10	188.55	193.10	188.55	0.663 times
22 Thu Aug 2024	192.25	192.25	192.25	192.25	0.827 times
21 Wed Aug 2024	188.49	188.49	188.49	188.49	0.863 times
20 Tue Aug 2024	184.80	178.15	184.80	178.15	0.612 times
19 Mon Aug 2024	181.20	184.00	184.00	181.20	1.795 times
16 Fri Aug 2024	184.90	185.00	185.00	184.90	0.927 times
14 Wed Aug 2024	188.35	193.20	193.20	186.15	2.183 times
13 Tue Aug 2024	189.42	189.42	189.42	189.42	1.15 times
12 Mon Aug 2024	185.71	185.71	185.71	185.00	0.38 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 bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 192.9 as stoploss in an intra day sell trade for a target of 186.8. However, stock will show a bullish move above 192.9.

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	193.10
Upside Target	201.41
Upside Target	201.50
Upside Target	201.65
Upside Target	202.00
Upside Target	227.78

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	185.02
Downside Intraday Target	179.06
Upside Intraday Target	199.47
Upside Intraday Target	207.96
Upside Intraday Target	193.51

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	190.98	195.50	202.00	187.55	0.443 times
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

Price has moved down 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
26 Mon Aug 2024	190.98	189.90	202.00	174.00	0.155 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 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 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 Strong and stock is gaining 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 and the buying is gaining 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 187.83 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.