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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 2024-05-16 View latest technical analysis

10 day averaged volume of Soma Textilei is 34409

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	34.25	36.90	37.00	34.25	0.929 times
15 Wed May 2024	36.05	37.50	37.50	35.60	0.934 times
14 Tue May 2024	35.75	34.00	35.75	34.00	0.794 times
13 Mon May 2024	34.05	33.85	34.45	33.00	0.598 times
10 Fri May 2024	33.85	33.00	34.00	32.15	2.71 times
09 Thu May 2024	33.55	32.05	34.15	32.05	0.701 times
08 Wed May 2024	33.35	35.00	35.00	33.15	0.362 times
07 Tue May 2024	33.80	32.90	34.40	31.35	1.481 times
06 Mon May 2024	32.90	35.00	35.00	32.35	0.788 times
03 Fri May 2024	33.95	35.35	35.60	33.65	0.41 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 35.9 as stoploss in an intra day sell trade for a target of 30.66. However, stock will show a bullish move above 35.9.

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
Upside Target	34.60
Upside Target	35.00
Upside Target	37.50
Upside Target	39.90

Intraday share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Intraday Target	32.33
Downside Intraday Target	30.42
Upside Intraday Target	36.83
Upside Intraday Target	39.42
Upside Intraday Target	34.92

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	34.25	33.85	37.50	33.00	0.539 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
16 Thu May 2024	34.25	33.25	37.50	31.35	4.311 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 down 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 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 neutral. A longer time frame might give a better analysis.

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 losing momentum.

MACD generated a BUY signal for Soma Textilei in short term and the buy signal is strong.

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 coming down

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

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 34.15 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.