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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 2024-02-15 View latest technical analysis

10 day averaged volume of Soma Textilei is 42244

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	23.35	23.00	23.35	21.30	0.864 times
14 Wed Feb 2024	22.25	21.05	22.90	21.05	0.88 times
13 Tue Feb 2024	22.15	22.20	22.20	22.15	0.251 times
12 Mon Feb 2024	23.30	23.30	25.40	23.30	0.727 times
09 Fri Feb 2024	24.50	26.65	26.65	24.50	0.744 times
08 Thu Feb 2024	25.75	25.75	25.75	25.20	1.847 times
07 Wed Feb 2024	24.55	24.40	24.55	24.00	1.594 times
06 Tue Feb 2024	23.40	23.40	23.40	21.25	3.246 times
05 Mon Feb 2024	22.30	22.20	22.30	22.20	0.421 times
02 Fri Feb 2024	21.25	21.20	21.25	21.20	0.203 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 23.6 as stoploss in an intra day sell trade for a target of 21.79. However, stock will show a bullish move above 23.6.

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	22.60
Downside Target	23.25
Upside Target	23.80
Upside Target	25.40
Upside Target	26.65

Intraday share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Intraday Target	21.13
Downside Intraday Target	18.92
Upside Intraday Target	25.48
Upside Intraday Target	27.62
Downside Intraday Target	23.27

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	23.35	23.30	25.40	21.05	0.347 times
09 Fri Feb 2024	24.50	22.20	26.65	21.25	8.042 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

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 Soma Textilei (SOMATEX_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	23.35	20.85	26.65	20.85	2.639 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, and volume has increased substantially. This means that the move can 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Soma Textilei in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 23.83 and Soma Textilei (SOMATEX_BE) 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 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.