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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 2024-04-19 View latest technical analysis

10 day averaged volume of Somi Conveyor is 4758

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	135.90	135.90	135.90	135.90	2.646 times
18 Thu Apr 2024	133.25	133.25	133.25	133.25	0.657 times
16 Tue Apr 2024	130.65	130.00	130.65	130.00	0.958 times
15 Mon Apr 2024	128.10	128.00	129.25	128.00	3.452 times
12 Fri Apr 2024	128.10	131.70	131.70	128.10	0.67 times
10 Wed Apr 2024	129.15	128.65	130.10	128.65	1.028 times
09 Tue Apr 2024	131.05	132.65	133.00	131.05	1.038 times
08 Mon Apr 2024	132.65	133.50	133.50	132.65	0.141 times
05 Fri Apr 2024	135.35	135.35	135.35	135.35	0.466 times
04 Thu Apr 2024	138.10	139.55	139.55	138.10	0.679 times

Stock of Somi Conveyor (SOMICONVEY_BE) has showed a significant upmove. This could be a good time to enter in this stock!

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 137 as stoploss in an intra day sell trade for a target of 133.29. However, stock will show a bullish move above 137.

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	113.00
Downside Target	127.95
Downside Target	133.65
Downside Target	135.90
Upside Target	139.55
Upside Target	153.20

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	130.63
Downside Intraday Target	125.37
Upside Intraday Target	138.53
Upside Intraday Target	141.17
Downside Intraday Target	133.27

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	135.90	128.00	135.90	128.00	2.68 times
12 Fri Apr 2024	128.10	133.50	133.50	128.10	0.573 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

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
19 Fri Apr 2024	135.90	133.65	139.55	128.00	0.184 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 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Somi Conveyor ( (SOMICONVEY_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 131.63 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 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 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.