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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 38591

Date Daily Closing Price Open High Low Volume
17 Wed Aug 2022 42.95 42.20 43.90 42.20 0.494 times
16 Tue Aug 2022 42.80 44.40 45.50 42.15 0.708 times
12 Fri Aug 2022 44.40 45.55 46.70 44.00 0.565 times
11 Thu Aug 2022 45.20 44.45 47.00 41.30 0.86 times
10 Wed Aug 2022 43.80 46.50 46.70 43.50 0.429 times
08 Mon Aug 2022 45.90 45.70 47.40 45.05 2.02 times
05 Fri Aug 2022 44.10 40.65 45.00 39.55 2.367 times
04 Thu Aug 2022 39.25 41.50 41.50 38.00 0.308 times
03 Wed Aug 2022 39.70 41.60 41.60 39.10 0.15 times
02 Tue Aug 2022 40.35 43.70 44.75 38.60 1.366 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 43.4 as stoploss in an intra day sell trade for a target of 40.32. However, stock will show a bullish move above 43.4.

Share price targets for Somi Conv (SOMICONVEY)

Target Type Value
Downside Target 28.10
Downside Target 28.80
Downside Target 30.50
Downside Target 31.50
Downside Target 33.05
Downside Target 35.85
Downside Target 37.30
Downside Target 38.30
Downside Target 39.25
Downside Target 41.30
Downside Target 42.15
Upside Target 45.00
Upside Target 45.15
Upside Target 45.50
Upside Target 47.40

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type Value
Downside Intraday Target 41.57
Downside Intraday Target 40.18
Upside Intraday Target 44.92
Upside Intraday Target 46.88
Upside Intraday Target 43.53

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date Weekly Closing Price Open High Low Volume
17 Wed Aug 2022 42.95 44.40 45.50 42.15 0.31 times
12 Fri Aug 2022 44.40 45.70 47.40 41.30 0.715 times
05 Fri Aug 2022 44.10 39.40 45.00 37.30 4.815 times
30 Sat Jul 2022 37.55 39.30 40.00 35.85 0.517 times
22 Fri Jul 2022 38.50 32.00 39.25 30.50 4.326 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
17 Wed Aug 2022 42.95 39.40 47.40 37.30 2.109 times
30 Sat Jul 2022 37.55 32.50 40.00 28.80 2.663 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

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, 18, 13 Buy
MACD 4, 4Buy
Stochastics 59None
CCI -2Sell
RSI 62Buy
OBV 182522Sell
VWAP 44Sell
ADL 0Sell
ROC 4Buy
Force Index 0Sell

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 Weak and stock is losing momentum.

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

Somi Conv Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 positive zone. This is a BUY zone

Stock of Somi Conv is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 43.65 and Somi Conv (SOMICONVEY) stock is trading below this level. This means that stock is falling with high volumes. 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

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Daily charts

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Daily chart

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