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(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 2024-03-26 View latest technical analysis

10 day averaged volume of Somi Conveyor is 33365

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	127.95	130.20	130.20	127.95	0.404 times
22 Fri Mar 2024	130.55	130.55	131.55	130.55	0.585 times
21 Thu Mar 2024	133.20	133.20	133.20	133.20	0.03 times
20 Wed Mar 2024	135.90	135.90	135.90	135.90	0.015 times
19 Tue Mar 2024	138.65	153.20	153.20	138.65	1.018 times
18 Mon Mar 2024	145.95	143.00	145.95	142.00	0.713 times
15 Fri Mar 2024	139.00	139.00	139.00	134.10	1.235 times
14 Thu Mar 2024	132.40	126.90	132.40	126.90	0.788 times
13 Wed Mar 2024	126.10	126.90	126.90	123.00	1.666 times
12 Tue Mar 2024	120.90	118.50	120.90	109.40	2.371 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 134.3 as stoploss in an intra day sell trade for a target of 119.39. However, stock will show a bullish move above 134.3.

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	103.45
Downside Target	111.75
Downside Target	127.95
Upside Target	130.20
Upside Target	130.55
Upside Target	139.00
Upside Target	153.20

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	127.2
Downside Intraday Target	126.45
Upside Intraday Target	129.45
Upside Intraday Target	130.95
Upside Intraday Target	128.7

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	127.95	130.20	130.20	127.95	0.171 times
22 Fri Mar 2024	130.55	143.00	153.20	130.55	0.309 times
15 Fri Mar 2024	139.00	114.95	139.00	109.40	9.465 times
07 Thu Mar 2024	109.70	107.60	111.75	107.55	0.978 times
02 Sat Mar 2024	105.50	100.95	105.50	97.55	1.744 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 Conveyor (SOMICONVEY_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	127.95	103.45	153.20	103.45	2.946 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, and volume has increased substantially. This means that the move can 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 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 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 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 Strong and stock is losing momentum.

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

Somi Conveyor 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. 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 Conveyor 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 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 130.54 and Somi Conveyor (SOMICONVEY_BE) 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 Conveyor (SOMICONVEY_BE) stock. Volume based technical analysis of Somi Conveyor (SOMICONVEY_BE) stock is negative.

Somi Conveyor 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.