SOMICONVEY_BE NEWS why is Somi Conveyor Belt. Ltd. price falling or rising

SOMICONVEY_BE NEWS reasons for why stock price of Somi Conveyor Belt. Ltd. is falling or rising

SOMICONVEY_BE Somi Conveyor is falling or rising technical reasons

Technical analysis forecast of Somi Conveyor Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Somi Conveyor SOMICONVEY_BE at this time. Stock is rising and might rise more.

It appears as if Somi Conveyor SOMICONVEY_BE gave a large move recently.

Stock of Somi Conveyor (SOMICONVEY_BE) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Somi Conveyor is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 172.5 as stoploss in an intra day sell trade for a target of 167.86. However, stock will show a bullish move above 172.5.

SOMICONVEY_BE Somi Conveyor is falling or rising NEWS fundamental reasons

More announcements and NEWS

SOMICONVEY_BE Somi Conveyor Belt. Ltd. current price & indicator signals

Moving Averages for Somi Conveyor Belt. Ltd.

  • 5Day Average: 169.41
  • 12Day Average: 170.35
  • 20Day Average: 167.73
  • 50Day Average: 164.85
  • 100Day Average: 174.14
  • 150Day Average: 166.67
  • 200Day Average: 152.13

SOMICONVEY_BE Indicators & signals

Indicator MACD (12,26,9)

168.89, 167.39, 1.24
Indicator MACD is in positive zone

Indicator ADX (14)

9.4, 28.7, 23.77
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SOMICONVEY_BE Somi Conveyor Belt. Ltd. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
06 Fri Dec 2024 172.18 166.10 to 173.00 1.89% 1.38 times
05 Thu Dec 2024 168.98 165.00 to 169.90 0.27% 0.78 times
04 Wed Dec 2024 168.53 165.41 to 171.40 -0.53% 1.06 times
03 Tue Dec 2024 169.43 167.10 to 170.88 0.88% 0.55 times
02 Mon Dec 2024 167.95 165.00 to 173.97 0.24% 0.55 times
29 Fri Nov 2024 167.54 162.15 to 171.69 -0.6% 0.32 times
28 Thu Nov 2024 168.55 160.20 to 168.98 2.89% 0.31 times
27 Wed Nov 2024 163.81 163.65 to 170.00 -4.4% 1.16 times
26 Tue Nov 2024 171.35 171.35 to 180.40 -5% 2.13 times
25 Mon Nov 2024 180.37 176.20 to 183.20 3.38% 2.47 times
22 Fri Nov 2024 174.48 174.48 to 174.48 2% 0.67 times
21 Thu Nov 2024 171.06 166.99 to 171.06 2% 0.85 times

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SOMICONVEY_BE NEWS why is Somi Conveyor Belt. Ltd. price falling or rising

 

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