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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 2024-01-24 View latest technical analysis

10 day averaged volume of Soma Textilei is 5660

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	19.70	19.70	19.70	19.70	1.595 times
23 Tue Jan 2024	20.10	20.50	20.50	20.10	0.307 times
22 Mon Jan 2024	20.50	20.50	20.50	20.50	0.382 times
19 Fri Jan 2024	20.90	20.90	20.90	20.90	1.246 times
18 Thu Jan 2024	21.30	21.30	21.30	21.30	0.247 times
17 Wed Jan 2024	21.70	21.70	21.70	21.70	0.526 times
16 Tue Jan 2024	22.15	22.30	22.60	22.15	0.971 times
15 Mon Jan 2024	22.60	22.30	22.60	22.30	2.127 times
12 Fri Jan 2024	22.30	22.00	22.30	22.00	1.636 times
11 Thu Jan 2024	21.95	21.70	21.95	21.70	1.409 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 19.9, for a target of 20.8 or 21.54

Share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Target	18.20
Downside Target	18.80
Downside Target	19.70
Upside Target	20.50
Upside Target	21.95
Upside Target	22.50
Upside Target	22.60
Upside Target	23.25
Upside Target	23.60
Upside Target	23.80

Intraday share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Intraday Target	19.43
Downside Intraday Target	19.17
Upside Intraday Target	20.23
Upside Intraday Target	20.77
Upside Intraday Target	19.97

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	19.70	20.50	20.50	19.70	0.446 times
19 Fri Jan 2024	20.90	22.30	22.60	20.90	0.831 times
12 Fri Jan 2024	22.30	21.60	22.30	21.20	0.661 times
05 Fri Jan 2024	21.60	22.30	22.50	21.05	0.345 times
29 Fri Dec 2023	21.90	20.00	23.80	20.00	1.89 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
24 Wed Jan 2024	19.70	22.30	22.60	19.70	0.283 times
29 Fri Dec 2023	21.90	19.95	23.80	18.80	1.345 times
30 Thu Nov 2023	19.65	20.15	21.95	19.00	1.164 times
31 Tue Oct 2023	19.75	18.85	23.25	18.30	0.69 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 neutral. A longer time frame might give a better analysis.

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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 Strong and stock is gaining momentum.

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

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 red color and prices are below the red 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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 21.55 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.