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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 2024-11-06 View latest technical analysis

10 day averaged volume of Somi Conveyor is 3227

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	159.12	156.00	159.12	156.00	1.966 times
05 Tue Nov 2024	156.00	153.80	156.00	153.79	0.765 times
04 Mon Nov 2024	153.80	155.00	155.00	152.00	0.448 times
01 Fri Nov 2024	155.00	155.00	155.00	155.00	0.097 times
31 Thu Oct 2024	155.01	158.10	158.10	154.93	0.261 times
30 Wed Oct 2024	158.10	155.10	158.10	155.10	1.288 times
29 Tue Oct 2024	155.00	157.00	157.05	155.00	6.068 times
28 Mon Oct 2024	156.93	156.95	156.95	156.93	0.21 times
25 Fri Oct 2024	160.14	160.14	160.14	160.14	0.063 times
24 Thu Oct 2024	163.41	163.41	163.41	163.41	0.736 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 155.6 as stoploss in an intra day buy trade for a target of 166.35. However, stock will show a bearish move below 155.6.

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	154.37
Downside Intraday Target	149.63
Upside Intraday Target	161.49
Upside Intraday Target	163.87
Downside Intraday Target	156.75

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	159.12	155.00	159.12	152.00	0.401 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
06 Wed Nov 2024	159.12	155.00	159.12	152.00	0.037 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 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 to mid 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and BUY signal is strong.

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 156.62 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 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.