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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 2024-07-25 View latest technical analysis

10 day averaged volume of Somi Conveyor is 18188

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	205.80	205.80	205.80	205.80	0.036 times
24 Wed Jul 2024	210.00	205.97	210.18	205.97	0.287 times
23 Tue Jul 2024	210.18	210.18	210.18	210.18	0.458 times
22 Mon Jul 2024	214.47	214.47	214.47	214.47	0.055 times
19 Fri Jul 2024	218.85	227.78	227.78	218.85	4.644 times
18 Thu Jul 2024	223.32	223.32	223.32	223.32	0.886 times
16 Tue Jul 2024	212.69	212.69	212.69	212.69	0.266 times
15 Mon Jul 2024	202.57	202.57	202.57	202.57	0.654 times
12 Fri Jul 2024	192.93	192.93	192.93	192.93	0.475 times
11 Thu Jul 2024	183.75	179.45	183.75	179.00	1.022 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 213.6 as stoploss in an intra day sell trade for a target of 192.16. However, stock will show a bullish move above 213.6.

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	205.80
Upside Target	208.00
Upside Target	214.47
Upside Target	227.78

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	202.91
Downside Intraday Target	200.02
Upside Intraday Target	211.58
Upside Intraday Target	217.36
Upside Intraday Target	208.69

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	205.80	214.47	214.47	205.80	0.13 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
25 Thu Jul 2024	205.80	191.33	227.78	169.30	25.543 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 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 to mid 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and SELL 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 211.59 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.