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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 2024-05-28 View latest technical analysis

10 day averaged volume of Soma Textilei is 38466

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	33.65	33.75	34.35	33.50	0.74 times
27 Mon May 2024	33.40	32.75	34.30	32.75	1.252 times
24 Fri May 2024	34.45	36.95	36.95	34.45	1.464 times
23 Thu May 2024	36.25	38.05	38.05	35.05	1.575 times
22 Wed May 2024	36.25	34.55	36.25	34.55	1.331 times
21 Tue May 2024	34.55	34.55	34.55	32.20	0.89 times
18 Sat May 2024	32.95	34.45	34.85	32.50	0.167 times
17 Fri May 2024	33.60	32.75	35.45	32.55	0.944 times
16 Thu May 2024	34.25	36.90	37.00	34.25	0.831 times
15 Wed May 2024	36.05	37.50	37.50	35.60	0.836 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 33.3 as stoploss in an intra day buy trade for a target of 34.3. However, stock will show a bearish move below 33.3.

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	26.65
Downside Target	31.35
Downside Target	32.20
Upside Target	34.35
Upside Target	37.50
Upside Target	38.05
Upside Target	39.90

Intraday share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Intraday Target	32.82
Downside Intraday Target	31.98
Upside Intraday Target	34.42
Upside Intraday Target	35.18
Downside Intraday Target	33.58

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	33.65	32.75	34.35	32.75	0.379 times
24 Fri May 2024	34.45	34.55	38.05	32.20	1.308 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

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
28 Tue May 2024	33.65	33.25	38.05	31.35	7.999 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 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 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 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 SELL signal for Soma Textilei in short term but the sell signal is initial and weak.

Soma Textilei Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 but buying is losing 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 34.8 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 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.