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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 2024-06-25 View latest technical analysis

10 day averaged volume of Soma Textilei is 26327

Date	Daily Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	33.72	34.57	34.57	33.55	0.44 times
24 Mon Jun 2024	33.84	34.88	34.88	33.15	0.694 times
21 Fri Jun 2024	34.21	34.50	34.70	33.90	0.422 times
20 Thu Jun 2024	34.41	36.40	36.40	33.10	2.873 times
19 Wed Jun 2024	34.79	34.05	35.45	34.05	0.572 times
18 Tue Jun 2024	34.09	35.36	36.10	34.00	0.608 times
14 Fri Jun 2024	35.36	34.25	36.20	34.25	0.754 times
13 Thu Jun 2024	35.37	36.00	36.00	35.00	0.354 times
12 Wed Jun 2024	35.94	37.80	37.82	35.10	1.466 times
11 Tue Jun 2024	36.02	35.05	36.02	34.51	1.674 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 33.5 as stoploss in an intra day buy trade for a target of 34.28. However, stock will show a bearish move below 33.5.

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	32.45
Upside Target	34.60
Upside Target	35.35
Upside Target	36.40
Upside Target	37.82
Upside Target	38.05
Upside Target	39.90

Intraday share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Intraday Target	32.95
Downside Intraday Target	32.19
Upside Intraday Target	34.68
Upside Intraday Target	35.65
Upside Intraday Target	33.92

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	33.72	34.88	34.88	33.15	0.253 times
21 Fri Jun 2024	34.21	35.36	36.40	33.10	0.926 times
14 Fri Jun 2024	35.36	33.80	37.82	33.10	0.835 times
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

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
25 Tue Jun 2024	33.72	34.00	37.82	32.45	0.551 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Soma Textilei stock for short term is SELL. 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 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 coming down

CCI has generated a SELL signal for Soma Textilei in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 34.94 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.