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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 2024-12-06 View latest technical analysis

10 day averaged volume of Soma Textilei is 47283

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	54.32	55.10	56.65	54.20	2.401 times
05 Thu Dec 2024	57.06	59.95	59.95	57.06	2.038 times
04 Wed Dec 2024	60.07	55.52	60.38	54.63	3.685 times
03 Tue Dec 2024	57.51	62.06	62.06	57.51	1.979 times
02 Fri Aug 2024	35.16	35.53	35.90	34.10	0.323 times
01 Thu Aug 2024	35.53	36.80	36.80	35.00	0.291 times
31 Wed Jul 2024	35.53	35.85	36.50	35.00	0.243 times
30 Tue Jul 2024	35.17	36.50	36.50	35.00	0.283 times
29 Mon Jul 2024	35.09	34.69	35.40	34.00	0.529 times
26 Fri Jul 2024	34.01	34.75	34.75	33.54	0.225 times

Stock of Soma Textilei (SOMATEX_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 48.1, but if it comes below 48.1, then a intra day sell could be more profitable.
If you take a sell trade below 48.1, then use 48.1 as stoploss and 38.9 as target. However if you take a buy trade in stock , then use 48.1 as stoploss and 59.2 as target.

Share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Target	31.35
Downside Target	32.45
Downside Target	34.00
Downside Target	36.48
Downside Target	36.80
Downside Target	37.82
Downside Target	38.05
Downside Target	54.20
Upside Target	62.06

Intraday share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Intraday Target	51.66
Downside Intraday Target	49
Upside Intraday Target	59.52
Upside Intraday Target	64.72
Upside Intraday Target	56.86

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	54.32	62.06	62.06	54.20	6.058 times
02 Fri Aug 2024	35.16	34.69	36.80	34.00	1.333 times
26 Fri Jul 2024	34.01	34.24	34.75	32.60	1.206 times
19 Fri Jul 2024	34.24	35.10	35.10	32.80	0.386 times
12 Fri Jul 2024	34.40	34.32	36.48	33.11	0.905 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	54.32	62.06	62.06	54.20	16.469 times
02 Fri Aug 2024	35.16	36.80	36.80	34.10	0.068 times
31 Wed Jul 2024	35.53	34.40	36.50	32.56	0.907 times
28 Fri Jun 2024	34.05	34.00	37.82	32.45	0.606 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

MACD generated a BUY signal for Soma Textilei in short term and the buy signal is strong.

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

Soma Textilei Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Soma Textilei in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 54.05 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.