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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 2024-10-28 View latest technical analysis

10 day averaged volume of Somi Conveyor is 4801

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	156.93	156.95	156.95	156.93	0.141 times
25 Fri Oct 2024	160.14	160.14	160.14	160.14	0.042 times
24 Thu Oct 2024	163.41	163.41	163.41	163.41	0.495 times
23 Wed Oct 2024	166.75	166.75	166.75	166.75	0.042 times
22 Tue Oct 2024	170.16	170.16	170.16	170.16	0.017 times
21 Mon Oct 2024	173.64	173.64	173.64	173.64	0.048 times
18 Fri Oct 2024	177.19	177.19	177.19	177.19	0.642 times
17 Thu Oct 2024	180.81	180.82	180.82	180.81	0.116 times
16 Wed Oct 2024	184.51	184.51	184.51	184.51	0.102 times
15 Tue Oct 2024	188.28	185.50	188.40	175.50	4.115 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 151.8 as stoploss in an intra day buy trade for a target of 164.58. However, stock will show a bearish move below 151.8.

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	143.01
Downside Target	156.93
Upside Target	166.00
Upside Target	173.64
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	156.92
Downside Intraday Target	156.92
Upside Intraday Target	156.94
Upside Intraday Target	156.96
Upside Intraday Target	156.94

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	156.93	156.95	156.95	156.93	0.22 times
25 Fri Oct 2024	160.14	173.64	173.64	160.14	0.069 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

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
28 Mon Oct 2024	156.93	150.60	188.40	143.01	1.67 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, 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Somi Conveyor in short term and the sell signal is strong.

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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 183.38 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 negative.

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