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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 2024-07-23 View latest technical analysis

10 day averaged volume of Somi Conveyor is 22574

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	210.18	210.18	210.18	210.18	0.369 times
22 Mon Jul 2024	214.47	214.47	214.47	214.47	0.045 times
19 Fri Jul 2024	218.85	227.78	227.78	218.85	3.742 times
18 Thu Jul 2024	223.32	223.32	223.32	223.32	0.714 times
16 Tue Jul 2024	212.69	212.69	212.69	212.69	0.214 times
15 Mon Jul 2024	202.57	202.57	202.57	202.57	0.527 times
12 Fri Jul 2024	192.93	192.93	192.93	192.93	0.383 times
11 Thu Jul 2024	183.75	179.45	183.75	179.00	0.823 times
10 Wed Jul 2024	175.00	184.76	184.76	173.90	1.008 times
09 Tue Jul 2024	183.06	176.99	185.50	175.00	1.75 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 213 as stoploss in an intra day sell trade for a target of 183.36. However, stock will show a bullish move above 213.

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	202.57
Downside Target	208.00
Downside Target	210.18
Upside Target	214.47
Upside Target	227.78

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	208.75
Downside Intraday Target	207.32
Upside Intraday Target	213.04
Upside Intraday Target	215.9
Upside Intraday Target	211.61

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	210.18	214.47	214.47	210.18	0.08 times
19 Fri Jul 2024	218.85	202.57	227.78	202.57	1.092 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

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
23 Tue Jul 2024	210.18	191.33	227.78	169.30	25.181 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 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 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 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 losing momentum.

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

Somi Conveyor Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Somi Conveyor in short term but SELL signal is weak.

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

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 202.58 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.