(SOMICONVEY) Somi Conv complete technical analysis [charts+indicators] | Buy/Sell Somi Conv | (SOMICONVEY) share price targets
Complete technical analysis of Somi Conv (SOMICONVEY) by charts plus indicators, forecast predictions and share price targets for Somi Conv (SOMICONVEY)
Somi Conv trades in NSE in Industrial Machinery sector.
10 day averaged volume of Somi Conv is 60189
|Date||Daily Closing Price||Open||High||Low||Volume|
|09 Fri Dec 2022||45.80||47.60||49.75||45.25||0.467 times|
|08 Thu Dec 2022||47.60||47.25||47.60||43.25||0.89 times|
|07 Wed Dec 2022||45.35||44.40||45.35||43.50||0.404 times|
|06 Tue Dec 2022||43.20||40.05||43.25||40.05||0.168 times|
|12 Mon Sep 2022||53.60||53.45||55.00||51.40||0.751 times|
|09 Fri Sep 2022||51.40||53.65||54.55||51.25||0.544 times|
|08 Thu Sep 2022||53.65||54.85||57.50||52.35||0.519 times|
|07 Wed Sep 2022||54.15||53.25||55.00||53.25||0.3 times|
|06 Tue Sep 2022||54.75||53.65||57.00||53.55||0.533 times|
|05 Mon Sep 2022||54.65||58.75||58.75||53.20||1.65 times|
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 43.5 as stoploss in an intra day buy trade for a target of 48.88. However, stock will show a bearish move below 43.5.
Share price targets for Somi Conv (SOMICONVEY)
Intraday share price targets for Somi Conv (SOMICONVEY)
|Downside Intraday Target||38.9|
|Downside Intraday Target||32|
|Upside Intraday Target||53.85|
|Upside Intraday Target||61.9|
|Upside Intraday Target||46.95|
Weekly technical analysis of Somi Conv (SOMICONVEY)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|09 Fri Dec 2022||45.80||53.45||55.00||40.05||0.756 times|
|09 Fri Sep 2022||51.40||58.75||58.75||51.25||0.199 times|
|02 Fri Sep 2022||58.05||42.05||62.00||42.05||5.77 times|
|26 Fri Aug 2022||46.00||41.65||47.35||39.00||1.968 times|
|19 Fri Aug 2022||42.00||44.40||45.50||41.00||0.632 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 Somi Conv (SOMICONVEY)
|Date||Monthly Closing Price||Open||High||Low||Volume|
|09 Fri Dec 2022||45.80||40.05||49.75||40.05||0.123 times|
|12 Mon Sep 2022||53.60||48.00||62.00||46.25||0.924 times|
|30 Tue Aug 2022||48.35||39.40||52.95||37.30||5.333 times|
|29 Fri Jul 2022||37.55||32.50||40.00||28.80||2.663 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 Somi Conv (SOMICONVEY)
|Indicator Name||Indicator Value||Indicator Signal|
|ADX||28, 22, 12||Buy|
Price action analysis of Somi Conv ( (SOMICONVEY) ) 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 Somi Conv ( (SOMICONVEY) ) 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 Somi Conv ( (SOMICONVEY) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Somi Conv ( (SOMICONVEY) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Somi Conv stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Somi Conv in short term but the sell signal is initial and weak.
Somi Conv 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 green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a buy signal for Somi Conv 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
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Somi Conv is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 51.56 and Somi Conv (SOMICONVEY) 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 Somi Conv (SOMICONVEY) stock. Volume based technical analysis of Somi Conv (SOMICONVEY) stock is negative.
Somi Conv 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.