(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 2023-05-25 View latest technical analysis
10 day averaged volume of Somi Conv is 38315
| Date | Daily Closing Price | Open | High | Low | Volume |
| 25 Thu May 2023 | 49.10 | 48.30 | 49.50 | 47.45 | 0.73 times |
| 24 Wed May 2023 | 48.50 | 48.35 | 49.70 | 48.10 | 0.367 times |
| 23 Tue May 2023 | 48.50 | 48.70 | 49.90 | 48.10 | 0.457 times |
| 22 Mon May 2023 | 48.90 | 47.30 | 54.90 | 47.30 | 5.779 times |
| 19 Fri May 2023 | 47.95 | 48.70 | 49.80 | 47.10 | 0.507 times |
| 18 Thu May 2023 | 48.45 | 48.55 | 49.15 | 48.05 | 0.17 times |
| 17 Wed May 2023 | 48.05 | 48.60 | 48.60 | 48.00 | 0.075 times |
| 16 Tue May 2023 | 48.60 | 51.00 | 51.00 | 48.00 | 0.33 times |
| 15 Mon May 2023 | 47.80 | 48.20 | 48.95 | 47.40 | 0.183 times |
| 12 Fri May 2023 | 49.05 | 48.55 | 49.95 | 48.40 | 0.274 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 49, but if it comes below 49, then a intra day sell could be more profitable.
If you take a sell trade below 49, then use 49 as stoploss and 47.82 as target. However if you take a buy trade in stock , then use 49 as stoploss and 50.4 as target.
Share price targets for Somi Conv (SOMICONVEY)
| Target Type | Value |
| Downside Target | 32.20 |
| Downside Target | 33.45 |
| Downside Target | 36.50 |
| Downside Target | 37.60 |
| Downside Target | 40.60 |
| Downside Target | 44.00 |
| Downside Target | 47.10 |
| Upside Target | 50.40 |
| Upside Target | 51.00 |
| Upside Target | 52.65 |
| Upside Target | 54.90 |
| Upside Target | 59.50 |
Intraday share price targets for Somi Conv (SOMICONVEY)
| Target Type | Value |
| Downside Intraday Target | 45.97 |
| Downside Intraday Target | 42.83 |
| Upside Intraday Target | 53.57 |
| Upside Intraday Target | 58.03 |
| Upside Intraday Target | 50.43 |
Weekly technical analysis of Somi Conv (SOMICONVEY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 25 Thu May 2023 | 49.10 | 47.30 | 54.90 | 47.30 | 5.791 times |
| 19 Fri May 2023 | 47.95 | 48.20 | 51.00 | 47.10 | 0.358 times |
| 12 Fri May 2023 | 49.05 | 47.70 | 52.65 | 44.55 | 1.666 times |
| 05 Fri May 2023 | 46.60 | 46.95 | 50.40 | 44.60 | 1.74 times |
| 28 Fri Apr 2023 | 46.80 | 46.55 | 47.45 | 44.80 | 0.571 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Somi Conv (SOMICONVEY)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 25 Thu May 2023 | 49.10 | 46.95 | 54.90 | 44.55 | 0.663 times |
| 28 Fri Apr 2023 | 46.80 | 38.30 | 59.50 | 36.50 | 8.163 times |
| 31 Fri Mar 2023 | 36.00 | 36.00 | 40.60 | 33.45 | 1.513 times |
| 28 Tue Feb 2023 | 35.00 | 41.25 | 41.25 | 32.20 | 1.096 times |
Scroll below to view daily charts
Price has moved up 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)
Price action analysis of Somi Conv ( (SOMICONVEY) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Somi Conv ( (SOMICONVEY) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Somi Conv ( (SOMICONVEY) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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 losing 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 getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Somi Conv in short term and SELL signal is strong!
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 48.78 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Somi Conv ( (SOMICONVEY) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Somi Conv ( (SOMICONVEY) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Somi Conv ( (SOMICONVEY) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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 losing 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 getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Somi Conv in short term and SELL signal is strong!
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 48.78 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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