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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 2024-11-18 View latest technical analysis

10 day averaged volume of Somi Conveyor is 3462

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	164.43	164.43	164.43	164.43	1.116 times
14 Thu Nov 2024	161.21	158.00	161.21	158.00	0.827 times
13 Wed Nov 2024	161.21	161.11	161.21	161.11	2.627 times
12 Tue Nov 2024	164.40	166.95	166.95	164.40	0.358 times
11 Mon Nov 2024	166.00	163.01	166.27	163.01	0.945 times
08 Fri Nov 2024	163.01	162.42	165.53	162.42	0.363 times
07 Thu Nov 2024	162.30	162.30	162.30	162.30	1.826 times
06 Wed Nov 2024	159.12	156.00	159.12	156.00	1.832 times
05 Tue Nov 2024	156.00	153.80	156.00	153.79	0.713 times
04 Mon Nov 2024	153.80	155.00	155.00	152.00	0.417 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 166.5 as stoploss in an intra day sell trade for a target of 161.28. However, stock will show a bullish move above 166.5.

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	143.01
Downside Target	152.00
Downside Target	164.43
Upside Target	166.95
Upside Target	169.30
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	164.43
Downside Intraday Target	164.43
Downside Intraday Target	164.43
Downside Intraday Target	164.43
Downside Intraday Target	164.43

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	164.43	164.43	164.43	164.43	0.235 times
14 Thu Nov 2024	161.21	163.01	166.95	158.00	0.923 times
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

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
18 Mon Nov 2024	164.43	155.00	166.95	152.00	0.136 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 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 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 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.

ADX buy sell signal for Somi Conveyor stock for short term is BUY. Signal strength is Weak and stock is losing 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 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 positive zone. This is a BUY 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 161.33 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 positive

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