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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 2024-12-06 View latest technical analysis

10 day averaged volume of Somi Conveyor is 4876

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	172.18	166.10	173.00	166.10	1.377 times
05 Thu Dec 2024	168.98	168.53	169.90	165.00	0.778 times
04 Wed Dec 2024	168.53	169.43	171.40	165.41	1.064 times
03 Tue Dec 2024	169.43	169.99	170.88	167.10	0.549 times
02 Mon Dec 2024	167.95	173.97	173.97	165.00	0.554 times
29 Fri Nov 2024	167.54	162.15	171.69	162.15	0.316 times
28 Thu Nov 2024	168.55	163.81	168.98	160.20	0.312 times
27 Wed Nov 2024	163.81	167.07	170.00	163.65	1.161 times
26 Tue Nov 2024	171.35	175.00	180.40	171.35	2.131 times
25 Mon Nov 2024	180.37	183.20	183.20	176.20	2.467 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 172.4 as stoploss in an intra day sell trade for a target of 167.73. However, stock will show a bullish move above 172.4.

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	166.8
Downside Intraday Target	161.41
Upside Intraday Target	175.77
Upside Intraday Target	179.35
Downside Intraday Target	170.38

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	172.18	173.97	173.97	165.00	0.677 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
06 Fri Dec 2024	172.18	173.97	173.97	165.00	0.263 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 weakening, and bulls are picking up momentum!

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 and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 171.8 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 falling down

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 has given negative 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.