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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 2024-05-14 View latest technical analysis

10 day averaged volume of Soma Textilei is 37187

Date	Daily Closing Price	Open	High	Low	Volume
14 Tue May 2024	35.75	34.00	35.75	34.00	0.734 times
13 Mon May 2024	34.05	33.85	34.45	33.00	0.554 times
10 Fri May 2024	33.85	33.00	34.00	32.15	2.508 times
09 Thu May 2024	33.55	32.05	34.15	32.05	0.649 times
08 Wed May 2024	33.35	35.00	35.00	33.15	0.335 times
07 Tue May 2024	33.80	32.90	34.40	31.35	1.37 times
06 Mon May 2024	32.90	35.00	35.00	32.35	0.729 times
03 Fri May 2024	33.95	35.35	35.60	33.65	0.379 times
02 Thu May 2024	34.80	33.25	35.70	33.25	1.131 times
30 Tue Apr 2024	34.60	36.90	36.90	34.60	0.808 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 34.9, but if it comes below 34.9, then a intra day sell could be more profitable.
If you take a sell trade below 34.9, then use 34.9 as stoploss and 29.54 as target. However if you take a buy trade in stock , then use 34.9 as stoploss and 41.3 as target.

Share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Target	18.80
Downside Target	19.30
Downside Target	20.85
Downside Target	22.60
Downside Target	23.80
Downside Target	25.40
Downside Target	26.65
Downside Target	31.35
Downside Target	33.00
Downside Target	34.60
Downside Target	35.00
Downside Target	35.75
Upside Target	39.90

Intraday share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Intraday Target	33.92
Downside Intraday Target	32.08
Upside Intraday Target	36.67
Upside Intraday Target	37.58
Downside Intraday Target	34.83

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Tue May 2024	35.75	33.85	35.75	33.00	0.23 times
10 Fri May 2024	33.85	35.00	35.00	31.35	1.45 times
03 Fri May 2024	33.95	39.90	39.90	33.25	0.942 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

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
14 Tue May 2024	35.75	33.25	35.75	31.35	3.576 times
30 Tue Apr 2024	34.60	39.90	39.90	34.60	0.176 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

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 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 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 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 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

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 34.08 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.