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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 2024-07-08 View latest technical analysis

10 day averaged volume of Soma Textile is 3929

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	33.25	33.01	33.25	33.01	0.004 times
05 Fri Jul 2024	33.54	33.00	34.70	33.00	2.141 times
04 Thu Jul 2024	33.30	33.00	33.75	33.00	4.854 times
03 Wed Jul 2024	34.00	34.08	34.08	33.10	0.153 times
02 Tue Jul 2024	33.75	34.37	34.60	33.70	0.065 times
01 Mon Jul 2024	33.70	34.70	34.70	33.50	0.133 times
28 Fri Jun 2024	34.05	33.01	35.00	33.01	1.293 times
27 Thu Jun 2024	34.26	34.40	34.40	33.30	0.341 times
26 Wed Jun 2024	34.40	33.60	34.49	33.60	0.725 times
25 Tue Jun 2024	32.90	32.90	32.90	32.90	0.001 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 33.4, but if it comes above 33.4, then a intra day buy could be more profitable.
If you take a sell trade below 33.4, then use 33.4 as stoploss and 32.3 as target. However if you take a buy trade in stock , then use 33.4 as stoploss and 34.32 as target.

Share price targets for Soma Textile (SomaTextile)

Target Type	Value
Downside Target	27.66
Downside Target	29.80
Downside Target	31.45
Downside Target	32.65
Upside Target	34.70
Upside Target	35.00
Upside Target	36.33
Upside Target	37.40
Upside Target	37.54
Upside Target	38.07
Upside Target	41.91

Intraday share price targets for Soma Textile (SomaTextile)

Target Type	Value
Downside Intraday Target	33.09
Downside Intraday Target	32.93
Upside Intraday Target	33.33
Upside Intraday Target	33.41
Downside Intraday Target	33.17

Weekly technical analysis of Soma Textile (SomaTextile)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	33.25	33.01	33.25	33.01	0 times
05 Fri Jul 2024	33.54	34.70	34.70	33.00	2.768 times
28 Fri Jun 2024	34.05	34.10	35.00	32.90	0.57 times
21 Fri Jun 2024	34.00	36.33	36.33	33.12	0.998 times
14 Fri Jun 2024	36.00	33.60	37.54	32.65	0.023 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 Textile (SomaTextile)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	33.25	34.70	34.70	33.00	0.034 times
28 Fri Jun 2024	34.05	34.68	37.54	32.65	5.297 times
31 Fri May 2024	34.00	33.05	38.07	31.45	0.64 times
30 Tue Apr 2024	34.63	32.63	41.91	29.80	0.194 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 Textile (SomaTextile)

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 Weak and stock is losing momentum.

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

Soma Textile Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 Textile in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 33.59 and Soma Textile (SomaTextile) 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 Textile (SomaTextile) stock. Volume based technical analysis of Soma Textile (SomaTextile) stock is negative.

Soma Textile 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.