Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2023-10-03 View latest technical analysis

10 day averaged volume of Somi Convey is 1162

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Oct 2023	56.30	56.30	56.30	56.30	0.043 times
29 Fri Sep 2023	56.45	57.60	57.60	56.45	3.317 times
28 Thu Sep 2023	57.60	57.60	58.00	57.60	0.103 times
27 Wed Sep 2023	57.60	59.50	59.50	57.60	0.811 times
26 Tue Sep 2023	58.75	58.01	59.17	58.01	0.537 times
25 Mon Sep 2023	58.01	58.01	58.01	58.01	0.483 times
22 Fri Sep 2023	59.16	58.00	59.16	58.00	0.238 times
21 Thu Sep 2023	58.00	58.10	58.10	58.00	2.995 times
20 Wed Sep 2023	59.00	59.00	59.00	59.00	0.293 times
18 Mon Sep 2023	59.95	60.00	60.95	59.94	0.483 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.4, but if it comes above 57.4, then a intra day buy could be more profitable.
If you take a sell trade below 57.4, then use 57.4 as stoploss and 51.9 as target. However if you take a buy trade in stock , then use 57.4 as stoploss and 62.05 as target.

Share price targets for Somi Convey (SomiConvey)

Target Type	Value
Downside Target	49.60
Downside Target	54.00
Downside Target	56.30
Upside Target	58.00
Upside Target	59.50
Upside Target	60.76
Upside Target	64.20
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	56.3
Downside Intraday Target	56.3
Downside Intraday Target	56.3
Downside Intraday Target	56.3
Downside Intraday Target	56.3

Weekly technical analysis of Somi Convey (SomiConvey)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Oct 2023	56.30	56.30	56.30	56.30	0.008 times
29 Fri Sep 2023	56.45	58.01	59.50	56.45	1.31 times
22 Fri Sep 2023	59.16	60.00	60.95	58.00	0.562 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

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
03 Tue Oct 2023	56.30	56.30	56.30	56.30	0.001 times
29 Fri Sep 2023	56.45	67.78	71.00	56.45	0.154 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

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 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 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 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 57.61 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.