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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 2024-10-23 View latest technical analysis

10 day averaged volume of Somi Conveyor is 12888

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	166.75	166.75	166.75	166.75	0.016 times
22 Tue Oct 2024	170.16	170.16	170.16	170.16	0.006 times
21 Mon Oct 2024	173.64	173.64	173.64	173.64	0.018 times
18 Fri Oct 2024	177.19	177.19	177.19	177.19	0.239 times
17 Thu Oct 2024	180.81	180.82	180.82	180.81	0.043 times
16 Wed Oct 2024	184.51	184.51	184.51	184.51	0.038 times
15 Tue Oct 2024	188.28	185.50	188.40	175.50	1.533 times
14 Mon Oct 2024	179.43	175.00	179.43	166.00	1.632 times
11 Fri Oct 2024	170.89	162.75	170.89	160.00	2.933 times
10 Thu Oct 2024	162.76	161.99	162.77	155.25	2.815 times

My analysis of stock is bullish for shortterm, and stock might move up till 178.5 or till 193.7. Use a stoploss of 165.78 and if this stock hits its stoploss, then it can fall down till 153.1

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	164.45
Downside Intraday Target	162.16
Upside Intraday Target	171.34
Upside Intraday Target	175.94
Upside Intraday Target	169.05

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	166.75	173.64	173.64	166.75	0.011 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
23 Wed Oct 2024	166.75	150.60	188.40	143.01	1.649 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 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 SELL. Signal strength is Weak and stock is gaining 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 red color and prices are below the red 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 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 173.06 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 negative.

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