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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 2024-12-03 View latest technical analysis

10 day averaged volume of Somi Conveyor is 4836

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	169.43	169.99	170.88	167.10	0.554 times
02 Mon Dec 2024	167.95	173.97	173.97	165.00	0.559 times
29 Fri Nov 2024	167.54	162.15	171.69	162.15	0.318 times
28 Thu Nov 2024	168.55	163.81	168.98	160.20	0.315 times
27 Wed Nov 2024	163.81	167.07	170.00	163.65	1.17 times
26 Tue Nov 2024	171.35	175.00	180.40	171.35	2.149 times
25 Mon Nov 2024	180.37	183.20	183.20	176.20	2.488 times
22 Fri Nov 2024	174.48	174.48	174.48	174.48	0.675 times
21 Thu Nov 2024	171.06	170.75	171.06	166.99	0.855 times
19 Tue Nov 2024	167.71	167.71	167.71	167.71	0.673 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 171.7 as stoploss in an intra day sell trade for a target of 165.69. However, stock will show a bullish move above 171.7.

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Target	143.01
Downside Target	152.00
Downside Target	157.20
Downside Target	164.43
Upside Target	172.40
Upside Target	173.97
Upside Target	174.48
Upside Target	183.20
Upside Target	186.67
Upside Target	188.40
Upside Target	202.00

Intraday share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type	Value
Downside Intraday Target	164.96
Downside Intraday Target	160.5
Upside Intraday Target	173.93
Upside Intraday Target	178.44
Upside Intraday Target	169.47

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	169.43	173.97	173.97	165.00	0.173 times
29 Fri Nov 2024	167.54	183.20	183.20	160.20	2.145 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

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
03 Tue Dec 2024	169.43	173.97	173.97	165.00	0.067 times
29 Fri Nov 2024	167.54	155.00	183.20	152.00	0.283 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

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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Somi Conveyor ( (SOMICONVEY_BE) ) based on a short 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.

Price action analysis of Somi Conveyor ( (SOMICONVEY_BE) ) based on a short to mid 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.

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 gaining 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 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 above 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 SELL signal in short term and selling is picking up 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 172.17 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.