Stock analysis Somi Conv.Belt. SOMICONVEY

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Moving Averages for Somi Conv.Belt.

5Day Average: 136.98
12Day Average: 151.52
20Day Average: 162.68
50Day Average: 183.26
100Day Average: 157.9
150Day Average: 119.94
200Day Average: 99.61

SOMICONVEY Indicators & signals

Indicator MACD (12,26,9)

148.65, 162.29, -10.42
Indicator MACD is in negative zone

Indicator ADX (14)

32.05, 11.94, 23.2
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SOMICONVEY Somi Conv.Belt. are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
25 Tue Feb 2025	133.70	131.80 to 144.87	-3.82%	0.31 times
24 Mon Feb 2025	139.01	132.06 to 144.38	2.19%	0.23 times
21 Fri Feb 2025	136.03	133.20 to 147.92	-2.12%	0.63 times
20 Thu Feb 2025	138.98	132.91 to 141.28	1.3%	0.37 times
19 Wed Feb 2025	137.19	130.00 to 141.89	5.07%	1.05 times
18 Tue Feb 2025	130.57	126.08 to 139.95	-3.91%	1.14 times
17 Mon Feb 2025	135.89	133.60 to 161.27	-18.06%	5.37 times
14 Fri Feb 2025	165.84	161.00 to 171.89	-1.51%	0.12 times
13 Thu Feb 2025	168.39	165.50 to 178.69	-2.44%	0.32 times
12 Wed Feb 2025	172.61	163.00 to 179.60	-1.97%	0.32 times
11 Tue Feb 2025	176.07	175.50 to 191.52	-4.26%	0.46 times
10 Mon Feb 2025	183.90	179.99 to 200.00	-3.91%	0.8 times

Technical analysis forecast for Somi Conv.Belt. Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Somi Conv.Belt. SOMICONVEY at this time. Stock is falling and might fall more.

It appears as if Somi Conv.Belt. SOMICONVEY gave a large move recently.

Stock of Somi Conv.Belt. (SOMICONVEY) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Somi Conv.Belt. is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Somi Conv.Belt. stays below 137.3, but if it comes above 137.3, then a intra day buy could be more profitable.
If you take a sell trade below 137.3, then use 137.3 as stoploss and 112.7 as target. However if you take a buy trade in Somi Conv.Belt., then use 137.3 as stoploss and 157.73 as target.

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