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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 2023-05-29 View latest technical analysis

10 day averaged volume of Somi Conv is 35525

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon May 2023	48.00	48.40	49.75	47.55	0.385 times
26 Fri May 2023	48.40	49.25	49.40	48.00	0.725 times
25 Thu May 2023	49.10	48.30	49.50	47.45	0.787 times
24 Wed May 2023	48.50	48.35	49.70	48.10	0.395 times
23 Tue May 2023	48.50	48.70	49.90	48.10	0.493 times
22 Mon May 2023	48.90	47.30	54.90	47.30	6.233 times
19 Fri May 2023	47.95	48.70	49.80	47.10	0.547 times
18 Thu May 2023	48.45	48.55	49.15	48.05	0.184 times
17 Wed May 2023	48.05	48.60	48.60	48.00	0.081 times
16 Tue May 2023	48.60	51.00	51.00	48.00	0.356 times

My analysis of stock is bearish for shortterm, and stock might move down till 47 or till 45.8. Use a stoploss of 48.01 and if the stock hits stoploss, then it can shoot up till 49.03

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	49.75
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	47.12
Downside Intraday Target	46.23
Upside Intraday Target	49.32
Upside Intraday Target	50.63
Upside Intraday Target	48.43

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon May 2023	48.00	48.40	49.75	47.55	0.045 times
26 Fri May 2023	48.40	47.30	54.90	47.30	6.322 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

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
29 Mon May 2023	48.00	46.95	54.90	44.55	0.711 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 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 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 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 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 coming down

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 and the buying is gaining 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 48.73 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 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.