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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 2024-08-23 View latest technical analysis

10 day averaged volume of Sel Manufacturing is 23896

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	65.50	65.00	66.50	63.09	1.722 times
22 Thu Aug 2024	64.99	65.52	65.52	62.05	1.166 times
21 Wed Aug 2024	64.37	64.99	66.85	64.00	1.645 times
20 Tue Aug 2024	64.89	65.43	67.00	64.00	0.844 times
19 Mon Aug 2024	67.08	69.69	69.69	64.23	1.865 times
16 Fri Aug 2024	67.62	64.42	67.64	61.19	2.188 times
14 Wed Aug 2024	64.42	68.45	68.45	64.12	1.588 times
23 Fri Feb 2024	85.80	84.60	87.25	84.60	0.072 times
22 Thu Feb 2024	85.90	86.50	86.50	85.05	0.214 times
21 Wed Feb 2024	86.75	87.85	89.00	86.15	0.223 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 69.2, but if it comes above 69.2, then a intra day buy could be more profitable.
If you take a sell trade below 69.2, then use 69.2 as stoploss and 56.7 as target. However if you take a buy trade in stock , then use 69.2 as stoploss and 79.53 as target.

Share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Target	61.19
Upside Target	68.45
Upside Target	72.50
Upside Target	81.05
Upside Target	82.70
Upside Target	84.60
Upside Target	86.50
Upside Target	89.25
Upside Target	89.50
Upside Target	91.90
Upside Target	95.50
Upside Target	97.20
Upside Target	102.45

Intraday share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Intraday Target	61.8
Downside Intraday Target	58.11
Upside Intraday Target	69.44
Upside Intraday Target	73.39
Upside Intraday Target	65.75

Weekly technical analysis of Sel Manufacturing (SELMC_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	65.50	69.69	69.69	62.05	1.918 times
16 Fri Aug 2024	67.62	68.45	68.45	61.19	4.104 times
23 Fri Feb 2024	85.80	87.95	89.50	84.60	0.56 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sel Manufacturing (SELMC_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	65.50	68.45	69.69	61.19	2.159 times
23 Fri Feb 2024	85.80	94.15	95.50	82.70	0.367 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

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 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 Strong and stock is losing momentum.

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

Sel Manufacturing 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 moving up

CCI has generated a buy signal for Sel Manufacturing in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Sel Manufacturing is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 66.67 and Sel Manufacturing (SELMC_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 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.