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(SomiConvey) Somi Convey complete technical analysis [charts+indicators] | Buy/Sell Somi Convey | (SomiConvey) share price targets

Complete technical analysis of Somi Convey (SomiConvey) by charts plus indicators, forecast predictions and share price targets for Somi Convey (SomiConvey)

Showing technical analysis as on 2024-09-27 View latest technical analysis

10 day averaged volume of Somi Convey is 1213

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	162.35	173.95	173.95	158.15	10.076 times
26 Thu Sep 2024	166.40	162.00	171.95	162.00	1.625 times
25 Wed Sep 2024	167.05	166.00	169.95	162.25	2.906 times
24 Tue Sep 2024	163.80	170.95	170.95	163.55	0.114 times
23 Mon Sep 2024	163.00	163.65	163.65	160.00	0.249 times
20 Fri Sep 2024	163.65	163.25	170.95	161.50	1.158 times
19 Thu Sep 2024	169.95	173.45	173.45	164.80	0.871 times
18 Wed Sep 2024	173.45	173.40	177.55	172.60	1.73 times
17 Tue Sep 2024	170.00	179.95	179.95	169.00	0.434 times
16 Mon Sep 2024	176.90	171.00	176.90	171.00	0.029 times

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

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 165.7, but if it comes above 165.7, then a intra day buy could be more profitable.
If you take a sell trade below 165.7, then use 165.7 as stoploss and 158.2 as target. However if you take a buy trade in stock , then use 165.7 as stoploss and 171.86 as target.

Share price targets for Somi Convey (SomiConvey)

Target Type	Value
Downside Target	113.35
Downside Target	116.55
Downside Target	156.00
Downside Target	161.50
Upside Target	167.55
Upside Target	179.95
Upside Target	185.00
Upside Target	187.00
Upside Target	199.90
Upside Target	228.10
Upside Target	236.20

Intraday share price targets for Somi Convey (SomiConvey)

Target Type	Value
Downside Intraday Target	155.68
Downside Intraday Target	149.02
Upside Intraday Target	171.48
Upside Intraday Target	180.62
Upside Intraday Target	164.82

Weekly technical analysis of Somi Convey (SomiConvey)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	162.35	163.65	173.95	158.15	3.546 times
20 Fri Sep 2024	163.65	171.00	179.95	161.50	1.04 times
13 Fri Sep 2024	170.95	185.00	185.00	170.00	0.749 times
06 Fri Sep 2024	185.65	179.85	187.00	170.00	0.772 times
30 Fri Aug 2024	177.90	199.40	199.90	174.10	1.044 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 Convey (SomiConvey)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	162.35	179.85	187.00	158.15	1.142 times
30 Fri Aug 2024	177.90	188.65	199.90	172.00	0.201 times
31 Wed Jul 2024	192.45	191.90	228.10	167.55	0.507 times
28 Fri Jun 2024	202.00	140.00	236.20	116.55	0.923 times

Scroll below to view daily charts

Price has moved down 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 Convey (SomiConvey)

Price action analysis of Somi Convey ( (SomiConvey) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Somi Convey ( (SomiConvey) ) 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 Convey ( (SomiConvey) ) 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 Convey ( (SomiConvey) ) based on a mid to longer 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.

ADX buy sell signal for Somi Convey stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Somi Convey in short term and the sell signal is strong.

Somi Convey Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Somi Convey in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 165.04 and Somi Convey (SomiConvey) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Somi Convey (SomiConvey) stock. Volume based technical analysis of Somi Convey (SomiConvey) stock is negative.

Somi Convey Stock has given negative 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.