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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 2024-10-09 View latest technical analysis

10 day averaged volume of Somi Conveyor is 18113

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	155.02	154.70	155.02	152.30	0.528 times
08 Tue Oct 2024	147.64	146.99	149.98	143.01	0.386 times
07 Mon Oct 2024	145.10	152.00	153.00	145.10	0.649 times
04 Fri Oct 2024	152.74	143.61	154.36	143.61	1.436 times
03 Thu Oct 2024	147.01	143.10	153.00	143.10	3.949 times
01 Tue Oct 2024	150.60	150.60	156.00	150.60	0.591 times
30 Mon Sep 2024	158.53	161.20	161.20	158.53	0.732 times
27 Fri Sep 2024	166.88	167.00	167.99	161.70	1.455 times
26 Thu Sep 2024	170.22	165.10	170.80	162.01	0.395 times
25 Wed Sep 2024	167.43	165.19	169.30	160.01	0.169 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 153.2 as stoploss in an intra day buy trade for a target of 162.39. However, stock will show a bearish move below 153.2.

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	143.01
Downside Target	155.02
Upside Target	168.00
Upside Target	174.65
Upside Target	177.95
Upside Target	184.99
Upside Target	186.67
Upside Target	201.41
Upside Target	201.50
Upside Target	202.00
Upside Target	227.78

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	147.01
Downside Intraday Target	139.01
Upside Intraday Target	159.02
Upside Intraday Target	163.03
Downside Intraday Target	151.02

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	155.02	152.00	155.02	143.01	0.233 times
04 Fri Oct 2024	152.74	161.20	161.20	143.10	2.45 times
27 Fri Sep 2024	166.88	164.99	174.65	157.20	1.588 times
20 Fri Sep 2024	161.36	170.00	177.95	159.84	1.214 times
13 Fri Sep 2024	171.37	177.00	184.99	168.00	0.725 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
09 Wed Oct 2024	155.02	150.60	156.00	143.01	0.88 times
30 Mon Sep 2024	158.53	180.70	186.67	157.20	1.787 times
30 Fri Aug 2024	178.67	189.90	202.00	172.40	0.206 times
31 Wed Jul 2024	193.00	191.33	227.78	169.30	25.994 times

Scroll below to view daily charts

Price has moved down 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 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 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Somi Conveyor in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Somi Conveyor in short term but BUY 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 153.19 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 falling down

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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.