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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 2024-08-30 View latest technical analysis

10 day averaged volume of Soma Textile is 4757

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	35.00	35.30	35.79	34.50	1.82 times
29 Thu Aug 2024	34.84	35.16	35.40	34.75	0.842 times
28 Wed Aug 2024	34.89	34.20	35.25	33.90	1.131 times
27 Tue Aug 2024	33.71	34.50	34.50	33.65	0.138 times
26 Mon Aug 2024	34.18	36.84	36.84	33.81	0.404 times
23 Fri Aug 2024	34.48	35.10	35.10	33.40	1.856 times
22 Thu Aug 2024	33.59	34.20	34.35	33.50	1.013 times
21 Wed Aug 2024	34.00	33.28	34.40	33.28	0.47 times
20 Tue Aug 2024	33.96	35.79	35.79	33.52	0.787 times
19 Mon Aug 2024	34.56	34.21	36.20	34.21	2.676 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 34.8, but if it comes below 34.8, then a intra day sell could be more profitable.
If you take a sell trade below 34.8, then use 34.8 as stoploss and 34.31 as target. However if you take a buy trade in stock , then use 34.8 as stoploss and 35.5 as target.

Share price targets for Soma Textile (SomaTextile)

Target Type	Value
Downside Target	29.80
Downside Target	31.45
Downside Target	32.65
Upside Target	35.10
Upside Target	36.20
Upside Target	36.30
Upside Target	36.31
Upside Target	36.84
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	33.49
Downside Intraday Target	31.97
Upside Intraday Target	36.68
Upside Intraday Target	38.35
Upside Intraday Target	35.16

Weekly technical analysis of Soma Textile (SomaTextile)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	35.00	36.84	36.84	33.65	0.637 times
23 Fri Aug 2024	34.48	34.21	36.20	33.28	2.928 times
16 Fri Aug 2024	34.21	35.10	35.10	33.32	0.407 times
09 Fri Aug 2024	34.25	34.01	35.47	33.20	1.285 times
02 Fri Aug 2024	35.45	34.75	36.31	33.03	2.64 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
30 Fri Aug 2024	35.00	34.83	36.84	33.20	1.321 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 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 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 to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 in or below 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 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 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 34.49 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.