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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 2024-12-09 View latest technical analysis

10 day averaged volume of Soma Textilei is 56718

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	53.19	54.29	54.29	51.81	1.297 times
06 Fri Dec 2024	54.32	55.10	56.65	54.20	2.001 times
05 Thu Dec 2024	57.06	59.95	59.95	57.06	1.699 times
04 Wed Dec 2024	60.07	55.52	60.38	54.63	3.072 times
03 Tue Dec 2024	57.51	62.06	62.06	57.51	1.65 times
02 Fri Aug 2024	35.16	35.53	35.90	34.10	0.269 times
01 Thu Aug 2024	35.53	36.80	36.80	35.00	0.243 times
31 Wed Jul 2024	35.53	35.85	36.50	35.00	0.202 times
30 Tue Jul 2024	35.17	36.50	36.50	35.00	0.236 times
29 Mon Jul 2024	35.09	34.69	35.40	34.00	0.441 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 49.5, but if it comes below 49.5, then a intra day sell could be more profitable.
If you take a sell trade below 49.5, then use 49.5 as stoploss and 39.85 as target. However if you take a buy trade in stock , then use 49.5 as stoploss and 61.1 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	36.50
Downside Target	37.82
Downside Target	38.05
Downside Target	51.81
Upside Target	54.20
Upside Target	54.29
Upside Target	62.06

Intraday share price targets for Soma Textilei (SOMATEX_BE)

Target Type	Value
Downside Intraday Target	51.9
Downside Intraday Target	50.62
Upside Intraday Target	54.38
Upside Intraday Target	55.58
Downside Intraday Target	53.1

Weekly technical analysis of Soma Textilei (SOMATEX_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	53.19	54.29	54.29	51.81	0.154 times
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

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
09 Mon Dec 2024	53.19	62.06	62.06	51.81	19.005 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Soma Textilei ( (SOMATEX_BE) ) based on a short to mid 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 mid to longer 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.

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 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 54.29 and Soma Textilei (SOMATEX_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.