(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)
10 day averaged volume of Sofcom is 31897
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 42.78 | 43.80 | 43.80 | 40.85 | 0.02 times |
| 07 Tue May 2024 | 42.39 | 43.99 | 43.99 | 41.20 | 1.198 times |
| 06 Mon May 2024 | 42.82 | 43.00 | 43.98 | 40.00 | 2.204 times |
| 03 Fri May 2024 | 42.94 | 44.80 | 44.80 | 39.99 | 1.331 times |
| 02 Thu May 2024 | 42.69 | 45.98 | 46.88 | 42.00 | 1.035 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 44, but if it comes above 44, then a intra day buy could be more profitable.
If you take a sell trade below 44, then use 44 as stoploss and 40.3 as target. However if you take a buy trade in stock , then use 44 as stoploss and 46.99 as target.
Share price targets for Sofcom (Sofcom)
| Target Type | Value |
| Downside Target | 38.40 |
| Downside Target | 39.99 |
| Downside Target | 41.00 |
| Upside Target | 43.99 |
| Upside Target | 45.30 |
| Upside Target | 46.88 |
| Upside Target | 51.00 |
| Upside Target | 54.70 |
| Upside Target | 55.00 |
| Upside Target | 56.95 |
| Upside Target | 59.00 |
| Upside Target | 59.90 |
Intraday share price targets for Sofcom (Sofcom)
| Target Type | Value |
| Downside Intraday Target | 40.52 |
| Downside Intraday Target | 38.27 |
| Upside Intraday Target | 44.51 |
| Upside Intraday Target | 46.25 |
| Downside Intraday Target | 42.26 |
Weekly technical analysis of Sofcom (Sofcom)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 42.78 | 43.00 | 43.99 | 40.00 | 0.756 times |
| 03 Fri May 2024 | 42.94 | 51.00 | 51.00 | 39.99 | 1.082 times |
| 26 Fri Apr 2024 | 49.48 | 47.00 | 54.70 | 44.00 | 3.343 times |
| 19 Fri Apr 2024 | 47.23 | 51.00 | 51.00 | 45.30 | 0.39 times |
| 12 Fri Apr 2024 | 51.57 | 50.38 | 55.00 | 46.99 | 0.633 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 |
| 08 Wed May 2024 | 42.78 | 45.98 | 46.88 | 39.99 | 0.365 times |
| 30 Tue Apr 2024 | 46.36 | 42.79 | 55.00 | 41.00 | 1.749 times |
| 28 Thu Mar 2024 | 40.26 | 56.95 | 56.95 | 38.40 | 0.379 times |
| 29 Thu Feb 2024 | 54.97 | 47.90 | 59.90 | 41.25 | 0.815 times |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 10, 18, 31 | Sell |
| MACD | -2, -1 | Sell |
| Stochastics | 18 | Sell |
| CCI | -71 | Sell |
| RSI | 44 | Sell |
| OBV | -27684 | Sell |
| VWAP | 45 | Sell |
| ADL | 0 | Sell |
| ROC | -11 | Sell |
| Force Index | 0 | Sell |
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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 and the sell signal is strong.
Sofcom Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Sofcom in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Sofcom is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 44.91 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.
Click here for further forecast and predictions for tomorrow
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