Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-05 View latest technical analysis

10 day averaged volume of Somi Conveyor is 2988

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	156.00	153.80	156.00	153.79	0.826 times
04 Mon Nov 2024	153.80	155.00	155.00	152.00	0.484 times
01 Fri Nov 2024	155.00	155.00	155.00	155.00	0.104 times
31 Thu Oct 2024	155.01	158.10	158.10	154.93	0.282 times
30 Wed Oct 2024	158.10	155.10	158.10	155.10	1.391 times
29 Tue Oct 2024	155.00	157.00	157.05	155.00	6.554 times
28 Mon Oct 2024	156.93	156.95	156.95	156.93	0.227 times
25 Fri Oct 2024	160.14	160.14	160.14	160.14	0.068 times
24 Thu Oct 2024	163.41	163.41	163.41	163.41	0.795 times
23 Wed Oct 2024	166.75	166.75	166.75	166.75	0.068 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 155.2 as stoploss in an intra day buy trade for a target of 166.14. However, stock will show a bearish move below 155.2.

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	143.01
Downside Target	152.00
Upside Target	166.00
Upside Target	170.89
Upside Target	172.40
Upside Target	173.64
Upside Target	186.67
Upside Target	188.40
Upside Target	202.00
Upside Target	227.78

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	153.33
Downside Intraday Target	150.67
Upside Intraday Target	157.33
Upside Intraday Target	158.67
Downside Intraday Target	154.67

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	156.00	155.00	156.00	152.00	0.153 times
01 Fri Nov 2024	155.00	156.95	158.10	154.93	8.276 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

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
05 Tue Nov 2024	156.00	155.00	156.00	152.00	0.015 times
31 Thu Oct 2024	155.01	150.60	188.40	143.01	1.829 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

Scroll below to view daily charts

Price has moved up 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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.

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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 156.19 and Somi Conveyor (SOMICONVEY_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.