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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 2024-09-20 View latest technical analysis

10 day averaged volume of Somi Conveyor is 5113

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	161.36	164.40	172.70	159.84	2.39 times
19 Thu Sep 2024	164.79	171.45	174.98	162.32	1.25 times
18 Wed Sep 2024	170.87	173.00	177.84	169.38	1.427 times
17 Tue Sep 2024	169.38	171.04	174.99	167.60	0.638 times
16 Mon Sep 2024	171.04	170.00	177.95	169.50	0.402 times
13 Fri Sep 2024	171.37	174.90	174.90	168.00	0.821 times
12 Thu Sep 2024	170.70	170.00	178.50	169.00	0.795 times
11 Wed Sep 2024	173.14	172.05	179.85	169.00	1.51 times
10 Tue Sep 2024	174.79	177.99	182.99	172.00	0.645 times
09 Mon Sep 2024	178.03	177.00	184.99	174.00	1.258 times

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

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 160.4, for a target of 168.2 or 174.77

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	112.50
Downside Target	155.40
Downside Target	159.84
Upside Target	166.00
Upside Target	177.95
Upside Target	184.99
Upside Target	186.67
Upside Target	193.10
Upside Target	201.41
Upside Target	201.50
Upside Target	202.00
Upside Target	227.78

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	154.82
Downside Intraday Target	148.27
Upside Intraday Target	172.93
Upside Intraday Target	184.49
Upside Intraday Target	166.38

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	161.36	170.00	177.95	159.84	1.214 times
13 Fri Sep 2024	171.37	177.00	184.99	168.00	0.725 times
06 Fri Sep 2024	183.16	180.70	186.67	166.00	1.223 times
30 Fri Aug 2024	178.67	195.50	202.00	172.40	1.718 times
23 Fri Aug 2024	193.10	184.00	193.10	178.15	1.026 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
20 Fri Sep 2024	161.36	180.70	186.67	159.84	1.064 times
30 Fri Aug 2024	178.67	189.90	202.00	172.40	0.206 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

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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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 red color and prices are below the red 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 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 169.44 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.