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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 2023-09-20 View latest technical analysis

10 day averaged volume of Somi Convey is 2156

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Sep 2023	59.00	59.00	59.00	59.00	0.158 times
18 Mon Sep 2023	59.95	60.00	60.95	59.94	0.26 times
15 Fri Sep 2023	60.76	62.40	62.98	60.76	0.399 times
14 Thu Sep 2023	62.00	63.70	63.70	62.00	0.301 times
13 Wed Sep 2023	63.20	63.75	63.75	63.20	0.221 times
12 Tue Sep 2023	64.48	64.48	64.50	64.48	1.156 times
11 Mon Sep 2023	65.79	65.80	65.80	65.79	1.767 times
08 Fri Sep 2023	67.13	67.13	67.13	67.13	0.79 times
07 Thu Sep 2023	68.50	68.11	68.90	68.11	0.808 times
06 Wed Sep 2023	69.50	70.95	71.00	69.50	2.714 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 60.8, but if it comes above 60.8, then a intra day buy could be more profitable.
If you take a sell trade below 60.8, then use 60.8 as stoploss and 56.4 as target. However if you take a buy trade in stock , then use 60.8 as stoploss and 64.48 as target.

Share price targets for Somi Convey (SomiConvey)

Target Type	Value
Downside Target	43.00
Downside Target	49.60
Downside Target	54.00
Downside Target	59.00
Upside Target	60.76
Upside Target	62.74
Upside Target	65.80
Upside Target	67.13
Upside Target	68.06
Upside Target	68.50
Upside Target	71.00

Intraday share price targets for Somi Convey (SomiConvey)

Target Type	Value
Downside Intraday Target	58.35
Downside Intraday Target	57.7
Upside Intraday Target	60.3
Upside Intraday Target	61.6
Upside Intraday Target	59.65

Weekly technical analysis of Somi Convey (SomiConvey)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Sep 2023	59.00	60.00	60.95	59.00	0.109 times
15 Fri Sep 2023	60.76	65.80	65.80	60.76	0.496 times
08 Fri Sep 2023	67.13	67.61	71.00	67.13	0.371 times
01 Fri Sep 2023	67.50	63.00	68.50	63.00	0.757 times
25 Fri Aug 2023	62.74	52.60	62.74	50.42	1.7 times

Price has moved down 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
20 Wed Sep 2023	59.00	67.78	71.00	59.00	0.116 times
31 Thu Aug 2023	66.46	58.01	68.50	50.42	1.913 times
31 Mon Jul 2023	59.11	54.03	68.06	54.00	0.532 times
30 Fri Jun 2023	55.00	51.60	64.20	49.60	2.168 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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 green color and prices are in or below the green 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 and the buying is gaining 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 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 66.43 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.