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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 2024-02-06 View latest technical analysis

10 day averaged volume of Soma Textilei is 8739

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	23.40	23.40	23.40	21.25	15.692 times
05 Mon Feb 2024	22.30	22.20	22.30	22.20	2.034 times
02 Fri Feb 2024	21.25	21.20	21.25	21.20	0.982 times
01 Thu Feb 2024	20.85	20.85	20.85	20.85	0.421 times
31 Wed Jan 2024	20.45	20.45	20.45	20.45	0.187 times
30 Tue Jan 2024	20.05	20.05	20.05	20.05	0.973 times
29 Mon Jan 2024	19.70	19.45	19.70	19.45	2.157 times
25 Thu Jan 2024	19.35	19.65	19.65	19.30	1.767 times
24 Wed Jan 2024	19.70	19.70	19.70	19.70	1.033 times
23 Tue Jan 2024	20.10	20.50	20.50	20.10	0.199 times

Stock of Soma Textilei (SOMATEX_BE) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 23.5, for a target of 22.3 or 21.18

Share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Target	18.30
Downside Target	18.80
Downside Target	20.50
Downside Target	21.95
Downside Target	22.30
Downside Target	22.60
Downside Target	23.25
Downside Target	23.40
Upside Target	23.80

Intraday share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Intraday Target	21.97
Downside Intraday Target	20.53
Upside Intraday Target	24.12
Upside Intraday Target	24.83
Downside Intraday Target	22.68

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	23.40	22.20	23.40	21.25	3.755 times
02 Fri Feb 2024	21.25	19.45	21.25	19.45	1.454 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	23.40	20.85	23.40	20.85	0.961 times
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

Scroll below to view daily charts

Price has moved up 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Soma Textilei ( (SOMATEX_BE) ) 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 Soma Textilei ( (SOMATEX_BE) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Soma Textilei stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Soma Textilei in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 22.27 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 rising upwards.

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 is giving positive 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.