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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 2024-10-21 View latest technical analysis

10 day averaged volume of Somi Conveyor is 14732

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	173.64	173.64	173.64	173.64	0.016 times
18 Fri Oct 2024	177.19	177.19	177.19	177.19	0.209 times
17 Thu Oct 2024	180.81	180.82	180.82	180.81	0.038 times
16 Wed Oct 2024	184.51	184.51	184.51	184.51	0.033 times
15 Tue Oct 2024	188.28	185.50	188.40	175.50	1.341 times
14 Mon Oct 2024	179.43	175.00	179.43	166.00	1.428 times
11 Fri Oct 2024	170.89	162.75	170.89	160.00	2.566 times
10 Thu Oct 2024	162.76	161.99	162.77	155.25	2.463 times
09 Wed Oct 2024	155.02	154.70	155.02	152.30	0.65 times
08 Tue Oct 2024	147.64	146.99	149.98	143.01	0.475 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 178.3 as stoploss in an intra day sell trade for a target of 165.64. However, stock will show a bullish move above 178.3.

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	143.01
Downside Target	157.20
Downside Target	161.20
Downside Target	166.00
Upside Target	174.65
Upside Target	186.67
Upside Target	188.40
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	173.64
Downside Intraday Target	173.64
Downside Intraday Target	173.64
Downside Intraday Target	173.64
Downside Intraday Target	173.64

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	173.64	173.64	173.64	173.64	0.005 times
18 Fri Oct 2024	177.19	175.00	188.40	166.00	0.439 times
11 Fri Oct 2024	170.89	152.00	170.89	143.01	0.843 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

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
21 Mon Oct 2024	173.64	150.60	188.40	143.01	1.648 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 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 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 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 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 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 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 170.49 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 negative.

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