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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 2024-07-29 View latest technical analysis

10 day averaged volume of Soma Textile is 1813

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	34.59	34.75	35.00	33.03	1.851 times
26 Fri Jul 2024	34.69	34.90	34.90	34.69	0.034 times
25 Thu Jul 2024	33.66	34.00	34.24	33.63	1.656 times
24 Wed Jul 2024	33.01	32.82	34.00	32.82	0.552 times
23 Tue Jul 2024	32.82	32.77	34.25	32.77	0.766 times
22 Mon Jul 2024	34.44	33.60	34.74	33.10	1.407 times
19 Fri Jul 2024	33.60	33.60	34.74	33.60	0.22 times
18 Thu Jul 2024	34.78	35.00	35.00	32.72	1.558 times
16 Tue Jul 2024	34.39	33.15	34.40	33.10	2.887 times
15 Mon Jul 2024	33.30	35.74	35.74	33.30	0.066 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 34.4, but if it comes below 34.4, then a intra day sell could be more profitable.
If you take a sell trade below 34.4, then use 34.4 as stoploss and 33.88 as target. However if you take a buy trade in stock , then use 34.4 as stoploss and 35.1 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	35.74
Upside Target	35.90
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	33.41
Downside Intraday Target	32.24
Upside Intraday Target	35.38
Upside Intraday Target	36.18
Downside Intraday Target	34.21

Weekly technical analysis of Soma Textile (SomaTextile)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	34.59	34.75	35.00	33.03	0.419 times
26 Fri Jul 2024	34.69	33.60	34.90	32.77	0.933 times
19 Fri Jul 2024	33.60	35.74	35.74	32.72	0.415 times
12 Fri Jul 2024	34.16	33.01	35.90	33.01	0.717 times
05 Fri Jul 2024	33.54	34.70	34.70	33.00	2.768 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
29 Mon Jul 2024	34.59	34.70	35.90	32.72	0.082 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 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 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 Textile ( (SomaTextile) ) 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 Textile ( (SomaTextile) ) 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 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 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. Bulls are getting stronger in this stock.

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

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

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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Soma Textile is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 34.18 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.