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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 2024-06-07 View latest technical analysis

10 day averaged volume of Soma Textilei is 35648

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	33.80	33.10	34.45	33.10	0.163 times
06 Thu Jun 2024	33.50	33.50	34.50	33.00	0.128 times
05 Wed Jun 2024	33.50	33.35	34.60	32.55	0.741 times
04 Tue Jun 2024	33.35	34.00	35.35	32.45	2.636 times
03 Mon Jun 2024	34.10	34.00	35.00	33.20	0.603 times
31 Fri May 2024	34.00	34.00	34.95	33.50	1.062 times
30 Thu May 2024	33.65	35.00	35.00	33.60	0.311 times
29 Wed May 2024	34.00	33.50	34.85	33.00	0.789 times
28 Tue May 2024	33.65	33.75	34.35	33.50	0.799 times
27 Mon May 2024	33.40	32.75	34.30	32.75	1.35 times

My analysis of stock is bearish for shortterm, and stock might move down till 33.3 or till 32.1. Use a stoploss of 34.26 and if the stock hits stoploss, then it can shoot up till 35.25

Share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Target	19.30
Downside Target	20.85
Downside Target	22.60
Downside Target	26.65
Downside Target	31.35
Downside Target	32.20
Upside Target	34.60
Upside Target	35.35
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	32.38
Downside Intraday Target	30.97
Upside Intraday Target	35.28
Upside Intraday Target	36.77
Upside Intraday Target	33.87

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	33.80	34.00	35.35	32.45	0.991 times
31 Fri May 2024	34.00	32.75	35.00	32.75	0.76 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

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
07 Fri Jun 2024	33.80	34.00	35.35	32.45	0.196 times
31 Fri May 2024	34.00	33.25	38.05	31.35	8.883 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

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 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 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 SELL. 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 weakening, and bulls are picking up momentum!

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 SELL signal in short term and selling is picking up 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 33.61 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.