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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 2024-11-28 View latest technical analysis

10 day averaged volume of Somi Conveyor is 5580

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	168.55	163.81	168.98	160.20	0.273 times
27 Wed Nov 2024	163.81	167.07	170.00	163.65	1.014 times
26 Tue Nov 2024	171.35	175.00	180.40	171.35	1.862 times
25 Mon Nov 2024	180.37	183.20	183.20	176.20	2.156 times
22 Fri Nov 2024	174.48	174.48	174.48	174.48	0.585 times
21 Thu Nov 2024	171.06	170.75	171.06	166.99	0.741 times
19 Tue Nov 2024	167.71	167.71	167.71	167.71	0.583 times
18 Mon Nov 2024	164.43	164.43	164.43	164.43	0.692 times
14 Thu Nov 2024	161.21	158.00	161.21	158.00	0.513 times
13 Wed Nov 2024	161.21	161.11	161.21	161.11	1.63 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 170.7 as stoploss in an intra day sell trade for a target of 163.85. However, stock will show a bullish move above 170.7.

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	158.1
Downside Intraday Target	147.65
Upside Intraday Target	181.1
Upside Intraday Target	193.65
Upside Intraday Target	170.65

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	168.55	183.20	183.20	160.20	2.039 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
28 Thu Nov 2024	168.55	155.00	183.20	152.00	0.277 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Somi Conveyor is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 169.76 and Somi Conveyor (SOMICONVEY_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.