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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 2024-04-29 View latest technical analysis

10 day averaged volume of Soma Textilei is 48387

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	36.40	39.90	39.90	36.30	1.182 times
16 Fri Feb 2024	24.50	23.35	24.50	23.35	0.769 times
15 Thu Feb 2024	23.35	23.00	23.35	21.30	0.754 times
14 Wed Feb 2024	22.25	21.05	22.90	21.05	0.768 times
13 Tue Feb 2024	22.15	22.20	22.20	22.15	0.219 times
12 Mon Feb 2024	23.30	23.30	25.40	23.30	0.634 times
09 Fri Feb 2024	24.50	26.65	26.65	24.50	0.65 times
08 Thu Feb 2024	25.75	25.75	25.75	25.20	1.613 times
07 Wed Feb 2024	24.55	24.40	24.55	24.00	1.392 times
06 Tue Feb 2024	23.40	23.40	23.40	21.25	2.834 times

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 30.8, for a target of 26.4 or 22.72

Share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Target	18.80
Downside Target	20.50
Downside Target	21.95
Downside Target	22.60
Downside Target	23.80
Downside Target	25.40
Downside Target	26.65
Downside Target	36.30
Upside Target	39.90

Intraday share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Intraday Target	35.17
Downside Intraday Target	33.93
Upside Intraday Target	38.77
Upside Intraday Target	41.13
Upside Intraday Target	37.53

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	36.40	39.90	39.90	36.30	0.376 times
16 Fri Feb 2024	24.50	23.30	25.40	21.05	0.459 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

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
29 Mon Apr 2024	36.40	39.90	39.90	36.30	0.115 times
16 Fri Feb 2024	24.50	20.85	26.65	20.85	2.853 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

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 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 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 short to mid 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 25.35 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.