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(SOMATEX_BE) Soma Textilei complete technical analysis [charts+indicators] | Buy/Sell Soma Textilei | (SOMATEX_BE) share price targets

Complete technical analysis of Soma Textilei (SOMATEX_BE) by charts plus indicators, forecast predictions and share price targets for Soma Textilei (SOMATEX_BE)

Showing technical analysis as on 2024-01-31 View latest technical analysis

10 day averaged volume of Soma Textilei is 7264

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	20.45	20.45	20.45	20.45	0.225 times
30 Tue Jan 2024	20.05	20.05	20.05	20.05	1.171 times
29 Mon Jan 2024	19.70	19.45	19.70	19.45	2.594 times
25 Thu Jan 2024	19.35	19.65	19.65	19.30	2.126 times
24 Wed Jan 2024	19.70	19.70	19.70	19.70	1.243 times
23 Tue Jan 2024	20.10	20.50	20.50	20.10	0.239 times
22 Mon Jan 2024	20.50	20.50	20.50	20.50	0.297 times
19 Fri Jan 2024	20.90	20.90	20.90	20.90	0.971 times
18 Thu Jan 2024	21.30	21.30	21.30	21.30	0.192 times
17 Wed Jan 2024	21.70	21.70	21.70	21.70	0.41 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 20.2 as stoploss in an intra day buy trade for a target of 21.08. However, stock will show a bearish move below 20.2.

Share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Target	18.20
Downside Target	18.80
Downside Target	20.45
Upside Target	21.95
Upside Target	22.30
Upside Target	22.50
Upside Target	22.60
Upside Target	23.25
Upside Target	23.60
Upside Target	23.80

Intraday share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Intraday Target	19.78
Downside Intraday Target	19.12
Upside Intraday Target	20.78
Upside Intraday Target	21.12
Downside Intraday Target	20.12

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	20.45	19.45	20.45	19.45	1.022 times
25 Thu Jan 2024	19.35	20.50	20.50	19.30	0.98 times
19 Fri Jan 2024	20.90	22.30	22.60	20.90	0.831 times
12 Fri Jan 2024	22.30	21.60	22.30	21.20	0.661 times
05 Fri Jan 2024	21.60	22.30	22.50	21.05	0.345 times

Price has moved up 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 Soma Textilei (SOMATEX_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	20.45	22.30	22.60	19.30	0.38 times
29 Fri Dec 2023	21.90	19.95	23.80	18.80	1.345 times
30 Thu Nov 2023	19.65	20.15	21.95	19.00	1.164 times
31 Tue Oct 2023	19.75	18.85	23.25	18.30	0.69 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 Soma Textilei (SOMATEX_BE)

Price action analysis of Soma Textilei ( (SOMATEX_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Soma Textilei ( (SOMATEX_BE) ) 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 Soma Textilei ( (SOMATEX_BE) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Soma Textilei ( (SOMATEX_BE) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Soma Textilei stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Soma Textilei Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 buy signal for Soma Textilei in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Soma Textilei is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 19.96 and Soma Textilei (SOMATEX_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Soma Textilei (SOMATEX_BE) stock. Volume based technical analysis of Soma Textilei (SOMATEX_BE) stock is negative.

Soma Textilei Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.