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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 2022-08-12 View latest technical analysis

10 day averaged volume of Somi Convey is 8345

Date Daily Closing Price Open High Low Volume
12 Fri Aug 2022 44.20 45.25 45.90 44.15 0.101 times
11 Thu Aug 2022 44.85 44.65 46.15 44.15 0.3 times
10 Wed Aug 2022 44.50 46.55 46.80 43.80 0.423 times
08 Mon Aug 2022 46.15 48.50 48.50 45.60 1.693 times
05 Fri Aug 2022 44.00 40.00 44.50 40.00 2.201 times
04 Thu Aug 2022 40.00 41.45 41.45 39.05 0.049 times
03 Wed Aug 2022 39.90 40.25 40.25 39.80 0.012 times
02 Tue Aug 2022 40.30 41.85 44.40 39.50 2.744 times
01 Mon Aug 2022 41.80 39.00 41.80 38.75 2.214 times
29 Fri Jul 2022 38.00 39.85 39.85 38.00 0.024 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 43.3, but if it comes below 43.3, then a intra day sell could be more profitable.
If you take a sell trade below 43.3, then use 43.3 as stoploss and 39.27 as target. However if you take a buy trade in stock , then use 43.3 as stoploss and 48.1 as target.

Share price targets for Somi Convey (SomiConvey)

Target Type Value
Downside Target 29.25
Downside Target 30.25
Downside Target 31.10
Downside Target 32.20
Downside Target 33.20
Downside Target 36.50
Downside Target 38.60
Downside Target 40.20
Downside Target 43.80
Upside Target 44.50
Upside Target 45.00
Upside Target 48.50

Intraday share price targets for Somi Convey (SomiConvey)

Target Type Value
Downside Intraday Target 42.5
Downside Intraday Target 40.8
Upside Intraday Target 47.2
Upside Intraday Target 50.2
Upside Intraday Target 45.5

Weekly technical analysis of Somi Convey (SomiConvey)

Date Weekly Closing Price Open High Low Volume
12 Fri Aug 2022 44.20 48.50 48.50 43.80 0.349 times
05 Fri Aug 2022 44.00 39.00 44.50 38.75 13.486 times
29 Fri Jul 2022 38.00 37.80 40.20 36.50 0.239 times
22 Fri Jul 2022 39.00 32.20 39.65 32.20 7.268 times
14 Thu Jul 2022 31.10 32.00 33.85 31.10 0.508 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 Convey (SomiConvey)

Date Monthly Closing Price Open High Low Volume
12 Fri Aug 2022 44.20 39.00 48.50 38.75 2.637 times
29 Fri Jul 2022 38.00 31.50 40.20 30.25 1.663 times
30 Thu Jun 2022 32.25 35.40 39.40 29.25 1.163 times
31 Tue May 2022 34.60 38.00 38.60 32.30 0.236 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Somi Convey (SomiConvey)

Indicator Name Indicator Value Indicator Signal
ADX 41, 9, 63 Buy
MACD 5, 4Buy
Stochastics 65None
CCI 63Sell
RSI 59Buy
OBV 39678Sell
VWAP 43Buy
ADL 0Sell
ROC 19Buy
Force Index 0Sell

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 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 Convey ( (SomiConvey) ) 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 Convey ( (SomiConvey) ) 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 Convey stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Somi Convey 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 Convey 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Somi Convey in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 42.84 and Somi Convey (SomiConvey) 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 Convey (SomiConvey) stock. Volume based technical analysis of Somi Convey (SomiConvey) stock is negative.

Somi Convey 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.

Click here for Somi Convey charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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