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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.

Showing technical analysis as on 2022-07-28 View latest technical analysis

10 day averaged volume of Somi Conv is 11701

Date Daily Closing Price Open High Low Volume
28 Thu Jul 2022 37.45 35.85 37.70 35.85 0.11 times
27 Wed Jul 2022 37.45 35.85 37.70 35.85 0.11 times
26 Tue Jul 2022 37.20 39.80 39.80 37.05 0.537 times
25 Mon Jul 2022 37.40 39.30 40.00 37.25 1.741 times
22 Fri Jul 2022 38.50 38.45 38.90 37.40 0.474 times
21 Thu Jul 2022 37.75 39.25 39.25 37.50 0.986 times
20 Wed Jul 2022 37.95 36.95 38.95 34.90 3.249 times
19 Tue Jul 2022 35.45 32.30 35.45 32.30 1.662 times
18 Mon Jul 2022 32.25 32.00 33.00 30.50 0.804 times
15 Fri Jul 2022 31.60 30.40 32.05 30.40 0.163 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 36.9, but if it comes below 36.9, then a intra day sell could be more profitable.
If you take a sell trade below 36.9, then use 36.9 as stoploss and 34.15 as target. However if you take a buy trade in stock , then use 36.9 as stoploss and 40.1 as target.

Share price targets for Somi Conv (SOMICONVEY)

Target Type Value
Downside Target 28.10
Downside Target 28.80
Downside Target 29.40
Downside Target 30.50
Downside Target 31.50
Downside Target 32.90
Downside Target 35.85
Upside Target 38.30
Upside Target 39.25
Upside Target 39.50
Upside Target 40.00
Upside Target 40.50
Upside Target 45.15

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type Value
Downside Intraday Target 35.53
Downside Intraday Target 33.62
Upside Intraday Target 39.68
Upside Intraday Target 41.92
Upside Intraday Target 37.77

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date Weekly Closing Price Open High Low Volume
28 Thu Jul 2022 37.45 39.30 40.00 35.85 0.348 times
22 Fri Jul 2022 38.50 32.00 39.25 30.50 4.326 times
15 Fri Jul 2022 31.60 31.20 33.60 29.40 0.83 times
08 Fri Jul 2022 32.55 31.45 34.25 28.80 0.74 times
01 Fri Jul 2022 31.95 33.05 33.90 29.55 2.124 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
28 Thu Jul 2022 37.45 32.50 40.00 28.80 2.466 times
30 Thu Jun 2022 32.70 35.30 38.30 28.10 0.986 times
31 Tue May 2022 34.30 36.50 39.50 31.50 0.214 times
29 Fri Apr 2022 37.80 34.65 45.15 33.05 0.974 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Somi Conv (SOMICONVEY)

Indicator Name Indicator Value Indicator Signal
ADX 23, 15, 21 Buy
MACD 2, 1Buy
Stochastics 74Buy
CCI 26Sell
RSI 60Buy
OBV 9846Sell
VWAP 37Buy
ADL 0Sell
ROC 18Buy
Force Index 0Sell

Price action analysis of Somi Conv ( (SOMICONVEY) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Somi Conv ( (SOMICONVEY) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Somi Conv in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Somi Conv Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Somi Conv in short term

RSI is generating a BUY signal in short term but buying 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 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 36.81 and Somi Conv (SOMICONVEY) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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

Click here for further forecast and predictions for tomorrow

Daily charts

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