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(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)

Target Type Value
Downside Target 28.10
Downside Target 28.80
Downside Target 37.30
Downside Target 38.30
Downside Target 40.00
Downside Target 41.00
Downside Target 42.05
Downside Target 45.50
Upside Target 47.35
Upside Target 49.75
Upside Target 51.25
Upside Target 52.95
Upside Target 55.00
Upside Target 58.75
Upside Target 62.00

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type Value
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
MACD 3, 5Sell
Stochastics 30Sell
CCI -54Buy
RSI 51Buy
OBV 832064Sell
VWAP 52Sell
ADL 0Sell
ROC -21Sell
Force Index 0Sell

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.

Click here for Somi Conv charts

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Daily charts

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Daily chart

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