(SOMICONVEY_BE) Somi Conveyor complete technical analysis [charts+indicators] | Buy/Sell Somi Conveyor | (SOMICONVEY_BE) share price targets
Complete technical analysis of Somi Conveyor (SOMICONVEY_BE) by charts plus indicators, forecast predictions and share price targets for Somi Conveyor (SOMICONVEY_BE)
Showing technical analysis as on 2024-03-02 View latest technical analysis
10 day averaged volume of Somi Conveyor is 4331
Date | Daily Closing Price | Open | High | Low | Volume |
02 Sat Mar 2024 | 105.50 | 105.50 | 105.50 | 105.50 | 0.001 times |
01 Fri Mar 2024 | 103.45 | 103.45 | 103.45 | 103.45 | 2.163 times |
29 Thu Feb 2024 | 101.45 | 101.45 | 101.45 | 101.45 | 2.136 times |
28 Wed Feb 2024 | 99.50 | 97.55 | 99.50 | 97.55 | 1.258 times |
27 Tue Feb 2024 | 97.55 | 99.50 | 99.65 | 97.55 | 0.612 times |
26 Mon Feb 2024 | 99.50 | 100.95 | 100.95 | 99.00 | 0.185 times |
23 Fri Feb 2024 | 101.00 | 100.20 | 101.00 | 100.00 | 0.405 times |
22 Thu Feb 2024 | 100.60 | 101.50 | 101.80 | 100.60 | 0.705 times |
21 Wed Feb 2024 | 101.80 | 101.80 | 101.85 | 101.80 | 0.174 times |
20 Tue Feb 2024 | 103.85 | 105.95 | 105.95 | 103.85 | 0.912 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 105, but if it comes below 105, then a intra day sell could be more profitable.
If you take a sell trade below 105, then use 105 as stoploss and 102.23 as target. However if you take a buy trade in stock , then use 105 as stoploss and 108.3 as target.
Share price targets for Somi Conveyor (SOMICONVEY_BE)
Target Type | Value |
Downside Target | 83.15 |
Downside Target | 86.00 |
Downside Target | 89.60 |
Downside Target | 93.95 |
Downside Target | 96.15 |
Downside Target | 100.00 |
Downside Target | 102.00 |
Upside Target | 106.00 |
Upside Target | 106.30 |
Upside Target | 108.50 |
Upside Target | 113.00 |
Upside Target | 114.50 |
Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)
Target Type | Value |
Downside Intraday Target | 100.2 |
Downside Intraday Target | 94.9 |
Upside Intraday Target | 108.15 |
Upside Intraday Target | 110.8 |
Downside Intraday Target | 102.85 |
Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)
Date | Weekly Closing Price | Open | High | Low | Volume |
02 Sat Mar 2024 | 105.50 | 100.95 | 105.50 | 97.55 | 1.744 times |
23 Fri Feb 2024 | 101.00 | 104.00 | 106.00 | 100.00 | 0.344 times |
16 Fri Feb 2024 | 104.00 | 100.30 | 104.00 | 96.15 | 2.103 times |
09 Fri Feb 2024 | 102.00 | 108.45 | 108.50 | 102.00 | 0.208 times |
02 Fri Feb 2024 | 110.65 | 98.00 | 114.50 | 96.75 | 2.608 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 Conveyor (SOMICONVEY_BE)
Date | Monthly Closing Price | Open | High | Low | Volume |
02 Sat Mar 2024 | 105.50 | 103.45 | 105.50 | 103.45 | 0.072 times |
29 Thu Feb 2024 | 101.45 | 113.00 | 114.50 | 96.15 | 0.394 times |
31 Wed Jan 2024 | 113.00 | 89.60 | 113.00 | 89.60 | 1.501 times |
29 Fri Dec 2023 | 91.55 | 93.35 | 93.95 | 83.15 | 0.414 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 Conveyor (SOMICONVEY_BE)
Price action analysis of Somi Conveyor ( (SOMICONVEY_BE) ) 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 Conveyor ( (SOMICONVEY_BE) ) 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 Conveyor ( (SOMICONVEY_BE) ) 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 Conveyor ( (SOMICONVEY_BE) ) 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 Conveyor stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Somi Conveyor 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 Conveyor Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Somi Conveyor in short term and BUY signal is strong.
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 Conveyor is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 101.52 and Somi Conveyor (SOMICONVEY_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Somi Conveyor (SOMICONVEY_BE) stock. Volume based technical analysis of Somi Conveyor (SOMICONVEY_BE) stock is negative.
Somi Conveyor 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.
Price action analysis of Somi Conveyor ( (SOMICONVEY_BE) ) 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 Conveyor ( (SOMICONVEY_BE) ) 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 Conveyor ( (SOMICONVEY_BE) ) 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 Conveyor ( (SOMICONVEY_BE) ) 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 Conveyor stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Somi Conveyor 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 Conveyor Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Somi Conveyor in short term and BUY signal is strong.
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 Conveyor is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 101.52 and Somi Conveyor (SOMICONVEY_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Somi Conveyor (SOMICONVEY_BE) stock. Volume based technical analysis of Somi Conveyor (SOMICONVEY_BE) stock is negative.
Somi Conveyor 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 Conveyor charts
Click here for further forecast and predictions for tomorrow
Daily charts
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