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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 2024-04-09 View latest technical analysis

10 day averaged volume of Somi Conveyor is 7810

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	131.05	132.65	133.00	131.05	0.633 times
08 Mon Apr 2024	132.65	133.50	133.50	132.65	0.086 times
05 Fri Apr 2024	135.35	135.35	135.35	135.35	0.284 times
04 Thu Apr 2024	138.10	139.55	139.55	138.10	0.414 times
03 Wed Apr 2024	139.50	138.40	139.50	138.20	0.555 times
02 Tue Apr 2024	138.45	136.00	138.45	136.00	0.973 times
01 Mon Apr 2024	135.75	133.65	135.75	133.65	0.833 times
28 Thu Mar 2024	133.10	133.10	133.10	133.10	1.506 times
27 Wed Mar 2024	130.50	130.50	130.50	130.50	1.125 times
26 Tue Mar 2024	127.95	130.20	130.20	127.95	1.724 times

My analysis of stock is bearish for shortterm, and stock might move down till 126.3 or till 118.2. Use a stoploss of 133.01 and if the stock hits stoploss, then it can shoot up till 139.75

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	83.15
Downside Target	89.60
Downside Target	93.95
Downside Target	96.15
Downside Target	103.45
Downside Target	109.40
Downside Target	113.00
Downside Target	127.95
Downside Target	130.55
Upside Target	139.00
Upside Target	139.55
Upside Target	153.20

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	130.23
Downside Intraday Target	129.42
Upside Intraday Target	132.68
Upside Intraday Target	134.32
Upside Intraday Target	131.87

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	131.05	133.50	133.50	131.05	0.235 times
05 Fri Apr 2024	135.35	133.65	139.55	133.65	0.702 times
28 Thu Mar 2024	133.10	130.20	133.10	127.95	0.432 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

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
09 Tue Apr 2024	131.05	133.65	139.55	131.05	0.073 times
28 Thu Mar 2024	133.10	103.45	153.20	103.45	3.104 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

Scroll below to view daily charts

Price has moved down 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 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 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 Conveyor ( (SOMICONVEY_BE) ) based on a short to mid 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 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 losing momentum.

MACD generated a SELL signal for Somi Conveyor in short term but the sell signal is initial and weak.

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 133.17 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.