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 2024-09-24 View latest technical analysis

10 day averaged volume of Somi Conveyor is 5923

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	165.19	174.65	174.65	165.00	0.727 times
23 Mon Sep 2024	168.86	164.99	169.42	157.20	1.473 times
20 Fri Sep 2024	161.36	164.40	172.70	159.84	2.063 times
19 Thu Sep 2024	164.79	171.45	174.98	162.32	1.079 times
18 Wed Sep 2024	170.87	173.00	177.84	169.38	1.232 times
17 Tue Sep 2024	169.38	171.04	174.99	167.60	0.551 times
16 Mon Sep 2024	171.04	170.00	177.95	169.50	0.347 times
13 Fri Sep 2024	171.37	174.90	174.90	168.00	0.709 times
12 Thu Sep 2024	170.70	170.00	178.50	169.00	0.687 times
11 Wed Sep 2024	173.14	172.05	179.85	169.00	1.303 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 167.4, but if it comes above 167.4, then a intra day buy could be more profitable.
If you take a sell trade below 167.4, then use 167.4 as stoploss and 161 as target. However if you take a buy trade in stock , then use 167.4 as stoploss and 172.79 as target.

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	112.50
Downside Target	155.40
Upside Target	166.00
Upside Target	184.99
Upside Target	186.67
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	156.71
Downside Intraday Target	148.23
Upside Intraday Target	174.16
Upside Intraday Target	183.13
Upside Intraday Target	165.68

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	165.19	164.99	174.65	157.20	0.417 times
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

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
24 Tue Sep 2024	165.19	180.70	186.67	157.20	1.214 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 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 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 Weak and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Somi Conveyor in short term but BUY signal is weak.

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 167.84 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.