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

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

Showing technical analysis as on 2023-09-20 View latest technical analysis

10 day averaged volume of Sofcom is 8829

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Sep 2023	63.04	63.99	64.15	61.06	0.57 times
18 Mon Sep 2023	64.00	61.15	65.00	60.80	0.405 times
14 Thu Sep 2023	64.00	64.00	64.00	64.00	0.004 times
13 Wed Sep 2023	64.00	64.00	64.00	64.00	0.06 times
12 Tue Sep 2023	64.80	64.00	65.28	64.00	1.528 times
11 Mon Sep 2023	64.00	64.49	64.49	64.00	1.408 times
08 Fri Sep 2023	64.49	64.83	64.83	64.00	0.041 times
07 Thu Sep 2023	63.57	63.57	63.57	61.15	1.066 times
06 Wed Sep 2023	62.33	62.33	64.00	62.33	0.772 times
05 Tue Sep 2023	63.60	62.00	63.60	62.00	0.841 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 63.2, but if it comes above 63.2, then a intra day buy could be more profitable.
If you take a sell trade below 63.2, then use 63.2 as stoploss and 62.3 as target. However if you take a buy trade in stock , then use 63.2 as stoploss and 63.97 as target.

Share price targets for Sofcom (Sofcom)

Target Type	Value
Downside Target	38.91
Downside Target	43.50
Downside Target	48.03
Downside Target	53.95
Downside Target	57.29
Downside Target	60.80
Upside Target	64.83
Upside Target	64.97
Upside Target	65.00
Upside Target	65.28
Upside Target	68.40

Intraday share price targets for Sofcom (Sofcom)

Target Type	Value
Downside Intraday Target	60.89
Downside Intraday Target	58.75
Upside Intraday Target	65.09
Upside Intraday Target	67.15
Downside Intraday Target	62.95

Weekly technical analysis of Sofcom (Sofcom)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Sep 2023	63.04	61.15	65.00	60.80	0.325 times
14 Thu Sep 2023	64.00	64.49	65.28	64.00	0.455 times
08 Fri Sep 2023	64.49	62.45	64.83	61.15	0.815 times
01 Fri Sep 2023	63.68	64.90	64.97	62.45	0.957 times
25 Fri Aug 2023	65.28	63.50	65.28	63.00	3.074 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 Sofcom (Sofcom)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Wed Sep 2023	63.04	63.68	65.28	60.80	0.223 times
31 Thu Aug 2023	64.97	63.00	68.40	57.29	0.815 times
31 Mon Jul 2023	60.30	54.00	62.40	48.03	0.724 times
30 Fri Jun 2023	52.21	45.50	61.40	43.50	0.959 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 Sofcom (Sofcom)

Price action analysis of Sofcom ( (Sofcom) ) 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 Sofcom ( (Sofcom) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sofcom ( (Sofcom) ) 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 Sofcom ( (Sofcom) ) 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 Sofcom stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Sofcom 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 Prices appear to be coming down

CCI has generated a SELL signal for Sofcom 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Sofcom is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 63.79 and Sofcom (Sofcom) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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

Sofcom Stock is giving positive 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.