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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 2024-11-26 View latest technical analysis

10 day averaged volume of Somi Conveyor is 4427

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	171.35	175.00	180.40	171.35	2.347 times
25 Mon Nov 2024	180.37	183.20	183.20	176.20	2.717 times
22 Fri Nov 2024	174.48	174.48	174.48	174.48	0.737 times
21 Thu Nov 2024	171.06	170.75	171.06	166.99	0.934 times
19 Tue Nov 2024	167.71	167.71	167.71	167.71	0.735 times
18 Mon Nov 2024	164.43	164.43	164.43	164.43	0.873 times
14 Thu Nov 2024	161.21	158.00	161.21	158.00	0.647 times
13 Wed Nov 2024	161.21	161.11	161.21	161.11	2.054 times
12 Tue Nov 2024	164.40	166.95	166.95	164.40	0.28 times
11 Mon Nov 2024	166.00	163.01	166.27	163.01	0.739 times

Stock of Somi Conveyor (SOMICONVEY_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 169.9, but if it comes below 169.9, then a intra day sell could be more profitable.
If you take a sell trade below 169.9, then use 169.9 as stoploss and 162.82 as target. However if you take a buy trade in stock , then use 169.9 as stoploss and 178.5 as target.

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	172.40
Upside Target	174.48
Upside Target	183.20
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	167.4
Downside Intraday Target	163.45
Upside Intraday Target	179.25
Upside Intraday Target	187.15
Upside Intraday Target	175.3

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	171.35	183.20	183.20	171.35	1.545 times
22 Fri Nov 2024	174.48	164.43	174.48	164.43	0.881 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	171.35	155.00	183.20	152.00	0.252 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 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 Strong and stock is losing momentum.

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

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Somi Conveyor in short term but SELL signal is weak.

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 170.07 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.