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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 2024-10-01 View latest technical analysis

10 day averaged volume of Sel Manufacturing is 15553

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	56.97	56.70	59.25	55.50	0.773 times
30 Mon Sep 2024	56.99	56.00	57.35	54.00	1.083 times
27 Fri Sep 2024	56.60	57.99	57.99	55.40	0.535 times
26 Thu Sep 2024	56.94	57.30	58.98	56.00	1.254 times
25 Wed Sep 2024	58.19	56.56	58.82	56.56	1.021 times
24 Tue Sep 2024	58.13	58.18	59.79	56.30	0.426 times
23 Mon Sep 2024	58.18	58.10	60.40	57.50	1.002 times
20 Fri Sep 2024	58.09	58.50	61.84	57.95	1.304 times
19 Thu Sep 2024	59.27	59.31	62.34	58.50	1.988 times
18 Wed Sep 2024	59.38	60.00	61.98	59.11	0.936 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.1, but if it comes above 57.1, then a intra day buy could be more profitable.
If you take a sell trade below 57.1, then use 57.1 as stoploss and 55.2 as target. However if you take a buy trade in stock , then use 57.1 as stoploss and 58.64 as target.

Share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Target	54.00
Downside Target	55.40
Upside Target	57.95
Upside Target	59.25
Upside Target	63.40
Upside Target	65.79
Upside Target	69.69
Upside Target	81.05
Upside Target	82.70
Upside Target	95.50
Upside Target	97.20

Intraday share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Intraday Target	54.23
Downside Intraday Target	51.49
Upside Intraday Target	59.48
Upside Intraday Target	61.99
Downside Intraday Target	56.74

Weekly technical analysis of Sel Manufacturing (SELMC_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	56.97	56.00	59.25	54.00	0.438 times
27 Fri Sep 2024	56.60	58.10	60.40	55.40	0.698 times
20 Fri Sep 2024	58.09	62.00	63.40	57.95	0.71 times
13 Fri Sep 2024	60.39	57.98	60.39	56.00	1.285 times
06 Fri Sep 2024	58.04	65.79	65.79	58.00	0.938 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
01 Tue Oct 2024	56.97	56.70	59.25	55.50	0.029 times
30 Mon Sep 2024	56.99	65.79	65.79	54.00	1.108 times
30 Fri Aug 2024	63.04	68.45	69.69	61.19	3.066 times
23 Fri Feb 2024	85.80	94.15	95.50	82.70	0.367 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 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 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 BUY signal for Sel Manufacturing 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.

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 coming down

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

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

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 58.04 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.