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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 2024-10-21 View latest technical analysis

10 day averaged volume of Sel Manufacturing is 17399

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	48.77	47.48	49.40	46.50	0.94 times
18 Fri Oct 2024	47.48	50.00	50.00	47.00	1.018 times
17 Thu Oct 2024	48.90	51.94	51.94	48.00	2.216 times
16 Wed Oct 2024	49.48	49.30	51.99	49.01	0.777 times
15 Tue Oct 2024	50.04	51.44	51.44	49.55	0.88 times
14 Mon Oct 2024	50.07	50.00	52.39	49.20	0.655 times
11 Fri Oct 2024	51.08	51.96	52.30	50.00	0.44 times
10 Thu Oct 2024	50.94	51.40	53.05	50.50	0.821 times
09 Wed Oct 2024	51.94	51.79	53.99	51.50	0.539 times
08 Tue Oct 2024	51.85	53.99	54.94	50.50	1.608 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 49.8, but if it comes above 49.8, then a intra day buy could be more profitable.
If you take a sell trade below 49.8, then use 49.8 as stoploss and 45.4 as target. However if you take a buy trade in stock , then use 49.8 as stoploss and 53.41 as target.

Share price targets for Sel Manufacturing (SELMC_BE)

Target Type	Value
Downside Target	46.50
Upside Target	49.40
Upside Target	52.39
Upside Target	54.00
Upside Target	55.40
Upside Target	59.25
Upside Target	61.19
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	47.05
Downside Intraday Target	45.32
Upside Intraday Target	49.95
Upside Intraday Target	51.12
Downside Intraday Target	48.22

Weekly technical analysis of Sel Manufacturing (SELMC_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	48.77	47.48	49.40	46.50	0.169 times
18 Fri Oct 2024	47.48	50.00	52.39	47.00	1.245 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

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
21 Mon Oct 2024	48.77	56.70	59.25	46.50	0.543 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 gaining 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 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 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 49.88 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.