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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 2024-12-16 View latest technical analysis

10 day averaged volume of Sofcom is 4561

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	62.98	64.00	64.00	59.85	3.259 times
13 Fri Dec 2024	63.00	61.76	63.87	61.76	0.748 times
12 Thu Dec 2024	63.88	63.88	63.89	63.88	0.221 times
11 Wed Dec 2024	63.94	62.51	64.50	61.75	3.493 times
10 Tue Dec 2024	64.99	62.05	66.43	61.83	0.977 times
09 Mon Dec 2024	63.98	62.50	66.45	62.00	1.154 times
06 Fri Dec 2024	64.95	66.90	66.94	62.15	1.457 times
05 Thu Dec 2024	63.76	65.00	65.00	62.00	0.479 times
04 Wed Dec 2024	64.87	67.50	67.50	62.50	0.545 times
03 Tue Dec 2024	64.45	68.00	68.00	62.00	0.276 times

Stock of Sofcom (Sofcom) 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 63.5, but if it comes above 63.5, then a intra day buy could be more profitable.
If you take a sell trade below 63.5, then use 63.5 as stoploss and 62 as target. However if you take a buy trade in stock , then use 63.5 as stoploss and 64.77 as target.

Share price targets for Sofcom (Sofcom)

Target Type	Value
Downside Target	36.97
Downside Target	45.75
Downside Target	55.53
Downside Target	59.85
Upside Target	63.33
Upside Target	66.45
Upside Target	68.00
Upside Target	68.39
Upside Target	69.70
Upside Target	73.00
Upside Target	81.50

Intraday share price targets for Sofcom (Sofcom)

Target Type	Value
Downside Intraday Target	60.55
Downside Intraday Target	58.13
Upside Intraday Target	64.7
Upside Intraday Target	66.43
Downside Intraday Target	62.28

Weekly technical analysis of Sofcom (Sofcom)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	62.98	64.00	64.00	59.85	0.494 times
13 Fri Dec 2024	63.00	62.50	66.45	61.75	1.936 times
06 Fri Dec 2024	64.95	65.54	68.00	61.00	0.165 times
29 Fri Nov 2024	64.12	68.39	68.39	61.95	5.338 times
22 Fri Nov 2024	67.05	65.66	69.70	63.33	1.284 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
16 Mon Dec 2024	62.98	65.54	68.00	59.85	0.292 times
29 Fri Nov 2024	64.12	71.59	73.00	61.95	0.161 times
31 Thu Oct 2024	68.19	56.00	81.50	56.00	2.356 times
30 Mon Sep 2024	55.53	45.75	55.53	36.97	5.283 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 Weak and stock is gaining momentum.

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

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. Bears are getting stronger in this stock.

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 Sofcom 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

Although the stock is in the SELL zone, but selling 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 63.88 and Sofcom (Sofcom) 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 Sofcom (Sofcom) stock. Volume based technical analysis of Sofcom (Sofcom) stock is negative.

Sofcom 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.