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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 2024-08-06 View latest technical analysis

10 day averaged volume of Soma Textile is 3457

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	33.60	35.00	35.00	33.20	1.243 times
05 Mon Aug 2024	33.68	34.01	35.47	33.68	2.308 times
02 Fri Aug 2024	35.45	35.01	35.45	34.02	2.294 times
01 Thu Aug 2024	35.51	34.83	36.31	34.83	0.712 times
31 Wed Jul 2024	35.54	34.79	36.30	34.79	1.032 times
30 Tue Jul 2024	35.50	35.60	35.70	35.20	1.106 times
29 Mon Jul 2024	34.59	34.75	35.00	33.03	0.971 times
26 Fri Jul 2024	34.69	34.90	34.90	34.69	0.018 times
25 Thu Jul 2024	33.66	34.00	34.24	33.63	0.869 times
24 Wed Jul 2024	33.01	32.82	34.00	32.82	0.29 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 33.5 as stoploss in an intra day buy trade for a target of 34.27. However, stock will show a bearish move below 33.5.

Share price targets for Soma Textile (SomaTextile)

Target Type	Value
Downside Target	29.80
Downside Target	31.45
Downside Target	32.65
Upside Target	34.90
Upside Target	35.74
Upside Target	35.90
Upside Target	36.30
Upside Target	36.31
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	32.71
Downside Intraday Target	31.82
Upside Intraday Target	34.98
Upside Intraday Target	36.36
Upside Intraday Target	34.09

Weekly technical analysis of Soma Textile (SomaTextile)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	33.60	34.01	35.47	33.20	0.581 times
02 Fri Aug 2024	35.45	34.75	36.31	33.03	2.64 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

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
06 Tue Aug 2024	33.60	34.83	36.31	33.20	0.295 times
31 Wed Jul 2024	35.54	34.70	36.30	32.72	0.091 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

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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

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 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

Although the stock is in the BUY zone, but buying 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 34.59 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 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.