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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 2024-01-29 View latest technical analysis

10 day averaged volume of Soma Textilei is 6658

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	19.70	19.45	19.70	19.45	2.831 times
25 Thu Jan 2024	19.35	19.65	19.65	19.30	2.319 times
24 Wed Jan 2024	19.70	19.70	19.70	19.70	1.356 times
23 Tue Jan 2024	20.10	20.50	20.50	20.10	0.261 times
22 Mon Jan 2024	20.50	20.50	20.50	20.50	0.324 times
19 Fri Jan 2024	20.90	20.90	20.90	20.90	1.059 times
18 Thu Jan 2024	21.30	21.30	21.30	21.30	0.21 times
17 Wed Jan 2024	21.70	21.70	21.70	21.70	0.447 times
16 Tue Jan 2024	22.15	22.30	22.60	22.15	0.825 times
15 Mon Jan 2024	22.60	22.30	22.60	22.30	1.808 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 bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.3, but if it comes above 20.3, then a intra day buy could be more profitable.
If you take a sell trade below 20.3, then use 20.3 as stoploss and 19.2 as target. However if you take a buy trade in stock , then use 20.3 as stoploss and 21.26 as target.

Share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Target	18.20
Downside Target	18.80
Upside Target	20.50
Upside Target	21.95
Upside Target	22.30
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	19.53
Downside Intraday Target	19.37
Upside Intraday Target	19.78
Upside Intraday Target	19.87
Downside Intraday Target	19.62

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	19.70	19.45	19.70	19.45	0.664 times
25 Thu Jan 2024	19.35	20.50	20.50	19.30	0.98 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

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
29 Mon Jan 2024	19.70	22.30	22.60	19.30	0.358 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 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 losing 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 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 but selling 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 20.51 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.