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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 2024-08-28 View latest technical analysis

10 day averaged volume of Somi Conveyor is 4872

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	178.53	181.43	181.43	177.20	0.888 times
27 Tue Aug 2024	182.68	192.00	192.00	181.43	1.895 times
26 Mon Aug 2024	190.98	195.50	202.00	187.55	1.535 times
23 Fri Aug 2024	193.10	188.55	193.10	188.55	0.483 times
22 Thu Aug 2024	192.25	192.25	192.25	192.25	0.602 times
21 Wed Aug 2024	188.49	188.49	188.49	188.49	0.629 times
20 Tue Aug 2024	184.80	178.15	184.80	178.15	0.446 times
19 Mon Aug 2024	181.20	184.00	184.00	181.20	1.307 times
16 Fri Aug 2024	184.90	185.00	185.00	184.90	0.675 times
14 Wed Aug 2024	188.35	193.20	193.20	186.15	1.59 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 179.9, but if it comes above 179.9, then a intra day buy could be more profitable.
If you take a sell trade below 179.9, then use 179.9 as stoploss and 173.6 as target. However if you take a buy trade in stock , then use 179.9 as stoploss and 185.16 as target.

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
Upside 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	169.82
Downside Intraday Target	161.11
Upside Intraday Target	194.62
Upside Intraday Target	210.71
Upside Intraday Target	185.91

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	178.53	195.50	202.00	177.20	1.245 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
28 Wed Aug 2024	178.53	189.90	202.00	174.00	0.187 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 185.97 and Somi Conveyor (SOMICONVEY_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.