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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 2024-10-14 View latest technical analysis

10 day averaged volume of Somi Conveyor is 25026

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	179.43	175.00	179.43	166.00	0.84 times
11 Fri Oct 2024	170.89	162.75	170.89	160.00	1.511 times
10 Thu Oct 2024	162.76	161.99	162.77	155.25	1.45 times
09 Wed Oct 2024	155.02	154.70	155.02	152.30	0.382 times
08 Tue Oct 2024	147.64	146.99	149.98	143.01	0.28 times
07 Mon Oct 2024	145.10	152.00	153.00	145.10	0.469 times
04 Fri Oct 2024	152.74	143.61	154.36	143.61	1.039 times
03 Thu Oct 2024	147.01	143.10	153.00	143.10	2.858 times
01 Tue Oct 2024	150.60	150.60	156.00	150.60	0.428 times
30 Mon Sep 2024	158.53	161.20	161.20	158.53	0.53 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 183, for a target of 171.7 or 162.29

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	143.01
Downside Target	157.20
Downside Target	166.00
Downside Target	177.95
Downside Target	179.43
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	170.48
Downside Intraday Target	161.52
Upside Intraday Target	183.91
Upside Intraday Target	188.38
Downside Intraday Target	174.95

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	179.43	175.00	179.43	166.00	0.205 times
11 Fri Oct 2024	170.89	152.00	170.89	143.01	0.843 times
04 Fri Oct 2024	152.74	161.20	161.20	143.10	2.45 times
27 Fri Sep 2024	166.88	164.99	174.65	157.20	1.588 times
20 Fri Sep 2024	161.36	170.00	177.95	159.84	1.214 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
14 Mon Oct 2024	179.43	150.60	179.43	143.01	1.492 times
30 Mon Sep 2024	158.53	180.70	186.67	157.20	1.787 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

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 to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY signal for Somi Conveyor in short term but the buy 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 red color and prices are in or above the red cloud Prices appear to be moving up

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 157.44 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.