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Somero Enterprises Inc. (DI) (SOM)

232.50p

15:55 10/08/20

  • 1.09% 2.50p
  • Today's Low & High
  • 225.00 / 235.00
  • Open / Previous Close
  • 230.00 / 232.50
  • 52-week range
  • -16.96% -47.50p
  • Volume
  • 7,014
  • Market Cap(million)
  • £131.10m

Technical Analysis

Support and resistance levels

S1

2.23
-5.00%

R1

2.36
0.00%

S2

1.52
-35.00%

R2

2.37
1.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 2.31
  • 2.28
  • Levels of negotiation support resistance
  • 2.37
  • 2.40

Technical situation

Long term bearish bias is cancelled / Bullish in the short term if it goes above the resistance zone at 2.37.

Recommendation

Short term comment

Rises from the last lows set at allows the long-term trend to lose the negative bias. As long as it doesn't go above the previous resistance located at 2.37 mid terms won't be bullish biased.

Long term comment

From some weeks ago, long-term scenario remains bullish. Exhaustion signals that could alert for a trend turn, furthermore, are not yet noticeable.

Indicator Previous Current Signal Comment
RSI 7 66.35 66.35 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 62.91 62.91 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 60.38 60.38 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 54.19 54.19 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 49.25 49.25 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Bullish trend exhaustion signals, confirmed with turning signal.
Slow Stochastic n/a n/a Bullish trend exhaustion signals, confirmed with turning signal.
Simple Moving Average 7 2.35 2.35 Very short-term trend is indefinite.
Simple Moving Average 21 2.30 2.30 Bullish mid-term trend.
Simple Moving Average 50 2.22 2.23 Bullish mid-term trend.
Simple Moving Average 200 2.20 2.20 Indefinite long-term trend.
Exponential Moving Average 7 2.34 2.34 Very short-term trend is indefinite.
Exponential Moving Average 21 2.29 2.30 Bullish mid-term trend.
Exponential Moving Average 50 2.29 2.30 Indefinite mid-term trend.
Exponential Moving Average 200 2.29 2.30 Indefinite long-term trend.
MACD Line 0.04 0.04 Possible price turn.
MACD Signal 0.04 0.04 Possible price turn.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 2.32 2.33 Very short-term trend is indefinite.
Double Exponential Moving Average 21 2.23 2.24 Bullish mid-term trend.
Double Exponential Moving Average 50 2.23 2.24 Bullish mid-term trend.
Double Exponential Moving Average 200 2.23 2.24 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 15,555.69 16,016.89 OBV is bullish
Momentum 7 0.01 0.00 Neutral speed of the very short term move.
Momentum 7 0.08 0.08 Strong, though not extreme, rising speed in the short term.
% K Williams 31.25 33.33 Neutral, doesn't favour a price turn.
Priority Date Notification
10/08/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
07/08/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
06/08/2020 By being close (above) the short-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
06/08/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
05/08/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
04/08/2020 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
04/08/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
03/08/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
31/07/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
30/07/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
29/07/2020 By being close (below) the short-term Moving Average, it could move on to lower levels, though if it should break above the MA the signal would revert to bullish