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(SELMC_BE) Sel Manufacturing complete technical analysis [charts+indicators] | Buy/Sell Sel Manufacturing | (SELMC_BE) share price targets

Complete technical analysis of Sel Manufacturing (SELMC_BE) by charts plus indicators, forecast predictions and share price targets for Sel Manufacturing (SELMC_BE)

Showing technical analysis as on 2024-02-20 View latest technical analysis

10 day averaged volume of Sel Manufacturing is 7956

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	87.90	86.30	89.50	86.30	0.585 times
19 Mon Feb 2024	88.00	87.95	88.00	84.65	0.65 times
16 Fri Feb 2024	86.30	84.15	86.85	83.45	1.618 times
15 Thu Feb 2024	85.15	85.85	85.85	82.70	0.778 times
14 Wed Feb 2024	84.20	85.55	85.55	84.05	1.569 times
13 Tue Feb 2024	85.75	86.00	88.90	85.75	0.409 times
12 Mon Feb 2024	87.50	89.25	89.25	87.50	0.562 times
09 Fri Feb 2024	89.25	90.85	90.85	88.40	0.621 times
08 Thu Feb 2024	89.10	89.15	91.45	88.40	1.432 times
07 Wed Feb 2024	90.15	89.15	91.85	89.15	1.209 times

My analysis of stock is bearish for shortterm, and stock might move down till 86.6 or till 83.7. Use a stoploss of 89 and if the stock hits stoploss, then it can shoot up till 91.43

Share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Target	72.50
Downside Target	81.05
Downside Target	82.70
Downside Target	84.65
Upside Target	91.90
Upside Target	94.30
Upside Target	95.50
Upside Target	97.20
Upside Target	99.00
Upside Target	102.45
Upside Target	120.95

Intraday share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Intraday Target	85.2
Downside Intraday Target	82.5
Upside Intraday Target	90.05
Upside Intraday Target	92.2
Downside Intraday Target	87.35

Weekly technical analysis of Sel Manufacturing (SELMC_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	87.90	87.95	89.50	84.65	0.25 times
16 Fri Feb 2024	86.30	89.25	89.25	82.70	0.969 times
09 Fri Feb 2024	89.25	91.00	91.90	88.35	0.698 times
02 Fri Feb 2024	91.95	85.95	95.50	85.95	1.13 times
25 Thu Jan 2024	87.65	94.30	94.30	87.05	0.499 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 Sel Manufacturing (SELMC_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	87.90	94.15	95.50	82.70	0.33 times
31 Wed Jan 2024	92.45	81.05	97.20	81.05	0.781 times
29 Fri Dec 2023	79.50	85.65	87.45	72.50	1.75 times
30 Thu Nov 2023	87.40	101.85	102.45	86.50	1.452 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 Sel Manufacturing (SELMC_BE)

Price action analysis of Sel Manufacturing ( (SELMC_BE) ) based on a short 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 Sel Manufacturing ( (SELMC_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 Sel Manufacturing ( (SELMC_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 Sel Manufacturing ( (SELMC_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 Sel Manufacturing stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Sel Manufacturing in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sel Manufacturing Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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 Sel Manufacturing in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 Sel Manufacturing is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 87.23 and Sel Manufacturing (SELMC_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Sel Manufacturing (SELMC_BE) stock. Volume based technical analysis of Sel Manufacturing (SELMC_BE) stock is negative.

Sel Manufacturing Stock has given negative 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.