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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 2024-11-08 View latest technical analysis

10 day averaged volume of Somi Conveyor is 4236

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	163.01	162.42	165.53	162.42	0.297 times
07 Thu Nov 2024	162.30	162.30	162.30	162.30	1.493 times
06 Wed Nov 2024	159.12	156.00	159.12	156.00	1.498 times
05 Tue Nov 2024	156.00	153.80	156.00	153.79	0.583 times
04 Mon Nov 2024	153.80	155.00	155.00	152.00	0.341 times
01 Fri Nov 2024	155.00	155.00	155.00	155.00	0.074 times
31 Thu Oct 2024	155.01	158.10	158.10	154.93	0.199 times
30 Wed Oct 2024	158.10	155.10	158.10	155.10	0.981 times
29 Tue Oct 2024	155.00	157.00	157.05	155.00	4.623 times
28 Mon Oct 2024	156.93	156.95	156.95	156.93	0.16 times

My analysis of stock is bearish for shortterm, and stock might move down till 155.2 or till 142.3. Use a stoploss of 165.93 and if the stock hits stoploss, then it can shoot up till 176.67

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	143.01
Downside Target	152.00
Upside Target	165.53
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	154.83
Downside Intraday Target	146.65
Upside Intraday Target	168.36
Upside Intraday Target	173.71
Downside Intraday Target	160.18

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	163.01	155.00	165.53	152.00	0.698 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
08 Fri Nov 2024	163.01	155.00	165.53	152.00	0.064 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Somi Conveyor stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Somi Conveyor in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Somi Conveyor Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 157.24 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.