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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 2024-07-30 View latest technical analysis

10 day averaged volume of Somi Conveyor is 13853

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	195.02	199.00	199.00	195.02	0.032 times
29 Mon Jul 2024	199.00	197.66	201.65	197.66	0.371 times
26 Fri Jul 2024	201.70	201.90	201.90	201.70	0.062 times
25 Thu Jul 2024	205.80	205.80	205.80	205.80	0.048 times
24 Wed Jul 2024	210.00	205.97	210.18	205.97	0.377 times
23 Tue Jul 2024	210.18	210.18	210.18	210.18	0.601 times
22 Mon Jul 2024	214.47	214.47	214.47	214.47	0.073 times
19 Fri Jul 2024	218.85	227.78	227.78	218.85	6.098 times
18 Thu Jul 2024	223.32	223.32	223.32	223.32	1.163 times
16 Tue Jul 2024	212.69	212.69	212.69	212.69	0.349 times

My analysis of stock is bearish for shortterm, and stock might move down till 180.1 or till 161.1. Use a stoploss of 195.84 and if the stock hits stoploss, then it can shoot up till 211.61

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
Upside Target	201.41
Upside Target	201.70
Upside Target	202.57
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	192.81
Downside Intraday Target	190.6
Upside Intraday Target	199.44
Upside Intraday Target	203.86
Upside Intraday Target	197.23

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	195.02	197.66	201.65	195.02	0.347 times
26 Fri Jul 2024	201.70	214.47	214.47	201.70	0.137 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

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
30 Tue Jul 2024	195.02	191.33	227.78	169.30	25.938 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 down 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 217.15 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 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.