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(SomaTextile) Soma Textile complete technical analysis [charts+indicators] | Buy/Sell Soma Textile | (SomaTextile) share price targets

Complete technical analysis of Soma Textile (SomaTextile) by charts plus indicators, forecast predictions and share price targets for Soma Textile (SomaTextile)

Showing technical analysis as on 2024-03-19 View latest technical analysis

10 day averaged volume of Soma Textile is 107481

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	33.52	33.52	33.52	33.52	0.045 times
18 Mon Mar 2024	31.93	30.00	31.93	29.31	0.038 times
15 Fri Mar 2024	30.41	31.50	31.50	30.40	0.052 times
14 Thu Mar 2024	31.92	32.00	32.50	31.87	0.584 times
13 Wed Mar 2024	33.54	36.99	37.06	33.54	3.116 times
12 Tue Mar 2024	35.30	35.30	35.30	35.30	0.495 times
11 Mon Mar 2024	33.62	33.62	33.62	33.62	0.351 times
07 Thu Mar 2024	32.02	32.02	32.02	32.02	0.17 times
06 Wed Mar 2024	30.50	30.50	30.50	29.05	1.356 times
05 Tue Mar 2024	29.05	29.05	29.05	28.90	1.414 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 32.7, but if it comes below 32.7, then a intra day sell could be more profitable.
If you take a sell trade below 32.7, then use 32.7 as stoploss and 29.12 as target. However if you take a buy trade in stock , then use 32.7 as stoploss and 37 as target.

Share price targets for Soma Textile (SomaTextile)

Target Type	Value
Downside Target	18.62
Downside Target	19.69
Downside Target	21.11
Downside Target	22.00
Downside Target	22.51
Downside Target	24.14
Downside Target	25.00
Downside Target	27.01
Downside Target	27.66
Downside Target	29.19
Downside Target	30.40
Downside Target	32.02
Downside Target	33.52
Upside Target	37.06

Intraday share price targets for Soma Textile (SomaTextile)

Target Type	Value
Downside Intraday Target	30.71
Downside Intraday Target	27.91
Upside Intraday Target	34.92
Upside Intraday Target	36.33
Downside Intraday Target	32.12

Weekly technical analysis of Soma Textile (SomaTextile)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	33.52	30.00	33.52	29.31	0.018 times
15 Fri Mar 2024	30.41	33.62	37.06	30.40	0.857 times
07 Thu Mar 2024	32.02	30.56	32.02	27.66	1.214 times
02 Sat Mar 2024	29.11	25.13	29.19	25.00	1.821 times
23 Fri Feb 2024	24.02	25.73	27.01	22.51	5.017 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 Textile (SomaTextile)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	33.52	27.73	37.06	27.66	1.31 times
29 Thu Feb 2024	26.41	21.11	29.19	21.11	6.864 times
31 Wed Jan 2024	20.70	22.50	22.75	19.69	0.515 times
29 Fri Dec 2023	22.09	20.20	24.14	18.75	2.762 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 Textile (SomaTextile)

Price action analysis of Soma Textile ( (SomaTextile) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Soma Textile ( (SomaTextile) ) 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 Textile ( (SomaTextile) ) 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 Textile ( (SomaTextile) ) 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 Textile stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Soma Textile 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 Textile 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. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Soma Textile 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 Textile is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 32.1 and Soma Textile (SomaTextile) 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 Textile (SomaTextile) stock. Volume based technical analysis of Soma Textile (SomaTextile) stock is negative.

Soma Textile 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.