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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 2024-05-29 View latest technical analysis

10 day averaged volume of Soma Textilei is 38584

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	34.00	33.50	34.85	33.00	0.729 times
28 Tue May 2024	33.65	33.75	34.35	33.50	0.738 times
27 Mon May 2024	33.40	32.75	34.30	32.75	1.248 times
24 Fri May 2024	34.45	36.95	36.95	34.45	1.46 times
23 Thu May 2024	36.25	38.05	38.05	35.05	1.57 times
22 Wed May 2024	36.25	34.55	36.25	34.55	1.327 times
21 Tue May 2024	34.55	34.55	34.55	32.20	0.888 times
18 Sat May 2024	32.95	34.45	34.85	32.50	0.166 times
17 Fri May 2024	33.60	32.75	35.45	32.55	0.941 times
16 Thu May 2024	34.25	36.90	37.00	34.25	0.829 times

My analysis of stock is bearish for shortterm, and stock might move down till 33.3 or till 32. Use a stoploss of 34.27 and if the stock hits stoploss, then it can shoot up till 35.29

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	34.60
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	32.88
Downside Intraday Target	31.77
Upside Intraday Target	34.98
Upside Intraday Target	35.97
Downside Intraday Target	33.87

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	34.00	32.75	34.85	32.75	0.518 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
29 Wed May 2024	34.00	33.25	38.05	31.35	8.322 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Soma Textilei ( (SOMATEX_BE) ) based on a short to mid 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 mid to longer 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.

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

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 34.64 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.