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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)

10 day averaged volume of Somi Conveyor is 4165

Date Daily Closing Price Open High Low Volume
21 Thu Nov 2024 171.06 170.75 171.06 166.99 0.993 times
19 Tue Nov 2024 167.71 167.71 167.71 167.71 0.781 times
18 Mon Nov 2024 164.43 164.43 164.43 164.43 0.928 times
14 Thu Nov 2024 161.21 158.00 161.21 158.00 0.687 times
13 Wed Nov 2024 161.21 161.11 161.21 161.11 2.184 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 170.7, for a target of 165.2 or 160.6

Share price targets for Somi Conveyor (SOMICONVEY_BE)

Target Type Value
Downside Target 143.01
Downside Target 152.00
Downside Target 164.43
Downside Target 169.30
Downside Target 171.06
Upside Target 172.40
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 166.64
Downside Intraday Target 162.22
Upside Intraday Target 173.27
Upside Intraday Target 175.48
Downside Intraday Target 168.85

Weekly technical analysis of Somi Conveyor (SOMICONVEY_BE)

Date Weekly Closing Price Open High Low Volume
21 Thu Nov 2024 171.06 164.43 171.06 164.43 0.683 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 3.359 times
01 Fri Nov 2024 155.00 155.10 158.10 154.93 0.218 times
30 Wed Oct 2024 158.10 156.95 158.10 155.00 7.902 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
21 Thu Nov 2024 171.06 155.00 171.06 152.00 0.159 times
31 Thu Oct 2024 155.01 150.60 188.40 143.01 1.855 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

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)

Indicator Name Indicator Value Indicator Signal
ADX 47, 28, 26 Buy
MACD -0, -2Buy
Stochastics 94Buy
CCI 148Buy
RSI 58Buy
OBV -903Sell
VWAP 163Buy
ADL 0Sell
ROC 10Buy
Force Index 0Sell

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 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 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 gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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

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 163.37 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.

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Click here for further forecast and predictions for tomorrow

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