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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 2024-05-21 View latest technical analysis

10 day averaged volume of Soma Textilei is 33555

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	34.55	34.55	34.55	32.20	1.021 times
18 Sat May 2024	32.95	34.45	34.85	32.50	0.191 times
17 Fri May 2024	33.60	32.75	35.45	32.55	1.082 times
16 Thu May 2024	34.25	36.90	37.00	34.25	0.953 times
15 Wed May 2024	36.05	37.50	37.50	35.60	0.958 times
14 Tue May 2024	35.75	34.00	35.75	34.00	0.814 times
13 Mon May 2024	34.05	33.85	34.45	33.00	0.613 times
10 Fri May 2024	33.85	33.00	34.00	32.15	2.779 times
09 Thu May 2024	33.55	32.05	34.15	32.05	0.719 times
08 Wed May 2024	33.35	35.00	35.00	33.15	0.371 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 36.6 as stoploss in an intra day sell trade for a target of 32.03. However, stock will show a bullish move above 36.6.

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	32.20
Downside Target	33.25
Downside Target	34.55
Upside Target	37.50
Upside Target	39.90

Intraday share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Intraday Target	32.98
Downside Intraday Target	31.42
Upside Intraday Target	35.33
Upside Intraday Target	36.12
Downside Intraday Target	33.77

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	34.55	34.55	34.55	32.20	0.221 times
18 Sat May 2024	32.95	33.85	37.50	32.50	0.744 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

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
21 Tue May 2024	34.55	33.25	37.50	31.35	5.194 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

MACD generated a SELL signal for Soma Textilei in short term but the sell signal is initial and weak.

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 above 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 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 34.27 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.