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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 2024-10-16 View latest technical analysis

10 day averaged volume of Sel Manufacturing is 13876

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	49.48	49.30	51.99	49.01	0.974 times
15 Tue Oct 2024	50.04	51.44	51.44	49.55	1.104 times
14 Mon Oct 2024	50.07	50.00	52.39	49.20	0.821 times
11 Fri Oct 2024	51.08	51.96	52.30	50.00	0.552 times
10 Thu Oct 2024	50.94	51.40	53.05	50.50	1.029 times
09 Wed Oct 2024	51.94	51.79	53.99	51.50	0.676 times
08 Tue Oct 2024	51.85	53.99	54.94	50.50	2.016 times
07 Mon Oct 2024	53.07	54.55	55.99	53.01	1.312 times
04 Fri Oct 2024	55.80	56.70	58.50	54.85	0.731 times
03 Thu Oct 2024	56.82	55.25	57.89	55.25	0.894 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 51.6, but if it comes above 51.6, then a intra day buy could be more profitable.
If you take a sell trade below 51.6, then use 51.6 as stoploss and 47.5 as target. However if you take a buy trade in stock , then use 51.6 as stoploss and 54.99 as target.

Share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Target	49.01
Upside Target	50.00
Upside Target	52.39
Upside Target	54.00
Upside 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	48.2
Downside Intraday Target	46.91
Upside Intraday Target	51.58
Upside Intraday Target	53.67
Upside Intraday Target	50.29

Weekly technical analysis of Sel Manufacturing (SELMC_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	49.48	50.00	52.39	49.01	0.519 times
11 Fri Oct 2024	51.08	54.55	55.99	50.00	1.508 times
04 Fri Oct 2024	55.80	56.00	59.25	54.00	0.78 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

Price has moved down 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
16 Wed Oct 2024	49.48	56.70	59.25	49.01	0.368 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 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 getting stronger in this stock.

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

CCI has generated a SELL signal for Sel Manufacturing in short term and SELL 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 52.03 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.