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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 2024-07-16 View latest technical analysis

10 day averaged volume of Somi Conveyor is 22519

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	212.69	212.69	212.69	212.69	0.215 times
15 Mon Jul 2024	202.57	202.57	202.57	202.57	0.528 times
12 Fri Jul 2024	192.93	192.93	192.93	192.93	0.384 times
11 Thu Jul 2024	183.75	179.45	183.75	179.00	0.825 times
10 Wed Jul 2024	175.00	184.76	184.76	173.90	1.011 times
09 Tue Jul 2024	183.06	176.99	185.50	175.00	1.755 times
08 Mon Jul 2024	176.78	174.70	180.00	172.00	0.795 times
05 Fri Jul 2024	173.06	174.87	174.87	169.30	0.663 times
04 Thu Jul 2024	175.03	181.98	181.99	172.50	1.509 times
03 Wed Jul 2024	181.26	175.60	186.99	174.50	1.354 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 196.8, but if it comes below 196.8, then a intra day sell could be more profitable.
If you take a sell trade below 196.8, then use 196.8 as stoploss and 164.48 as target. However if you take a buy trade in stock , then use 196.8 as stoploss and 235.6 as target.

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	103.45
Downside Target	112.50
Downside Target	128.00
Downside Target	149.90
Downside Target	153.20
Downside Target	169.30
Downside Target	192.93
Downside Target	201.41
Downside Target	201.50
Downside Target	202.57
Downside Target	208.00
Downside Target	212.69

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	205.94
Downside Intraday Target	199.2
Upside Intraday Target	216.06
Upside Intraday Target	219.44
Downside Intraday Target	209.32

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	212.69	202.57	212.69	202.57	0.156 times
12 Fri Jul 2024	192.93	174.70	192.93	172.00	0.613 times
05 Fri Jul 2024	173.06	191.33	208.00	169.30	10.785 times
28 Fri Jun 2024	201.41	201.50	201.50	201.41	0.157 times
17 Fri May 2024	128.85	123.70	128.85	112.50	1.876 times

Price has moved up 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
16 Tue Jul 2024	212.69	191.33	212.69	169.30	18.42 times
28 Fri Jun 2024	201.41	201.50	201.50	201.41	0.092 times
17 Fri May 2024	128.85	144.90	155.40	112.50	1.414 times
30 Tue Apr 2024	145.00	133.65	149.90	128.00	0.309 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 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 short to mid 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 mid to longer 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.

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 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 green color and prices are above 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 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 181.59 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 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.