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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 2024-07-09 View latest technical analysis

10 day averaged volume of Soma Textilei is 20230

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	34.84	33.30	35.25	33.11	3.044 times
08 Mon Jul 2024	33.58	34.32	34.80	33.51	0.387 times
05 Fri Jul 2024	34.32	33.30	34.74	33.30	1.175 times
04 Thu Jul 2024	33.30	33.90	33.90	33.10	1.828 times
03 Wed Jul 2024	33.92	33.25	34.40	32.56	2.511 times
02 Tue Jul 2024	34.00	34.55	34.77	33.60	0.379 times
01 Mon Jul 2024	34.55	34.40	35.00	33.60	1.053 times
28 Fri Jun 2024	34.05	33.62	34.50	33.62	0.945 times
27 Thu Jun 2024	33.61	33.55	34.35	33.55	0.49 times
26 Wed Jun 2024	33.73	34.00	34.30	33.60	0.66 times

Stock of Soma Textilei (SOMATEX_BE) has showed a significant upmove. This could be a good time to enter in this stock!

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 35.1 as stoploss in an intra day sell trade for a target of 34.38. However, stock will show a bullish move above 35.1.

Share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Target	20.85
Downside Target	26.65
Downside Target	31.35
Downside Target	32.45
Downside Target	34.60
Upside Target	35.25
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	33.55
Downside Intraday Target	32.26
Upside Intraday Target	35.69
Upside Intraday Target	36.54
Downside Intraday Target	34.4

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	34.84	34.32	35.25	33.11	0.494 times
05 Fri Jul 2024	34.32	34.40	35.00	32.56	1.945 times
28 Fri Jun 2024	34.05	34.88	34.88	33.15	0.613 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

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
09 Tue Jul 2024	34.84	34.40	35.25	32.56	0.447 times
28 Fri Jun 2024	34.05	34.00	37.82	32.45	0.606 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

Scroll below to view daily charts

Price has moved up 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 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 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 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 neutral. A longer time frame might give a better analysis.

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

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Soma Textilei in short term and BUY signal is strong.

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

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 34.12 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.