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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 2024-10-01 View latest technical analysis

10 day averaged volume of Soma Textile is 51315

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	39.23	43.48	43.48	39.23	2.702 times
30 Mon Sep 2024	43.58	40.66	43.73	40.66	7.036 times
27 Fri Sep 2024	39.76	36.00	39.76	34.71	1.73 times
26 Thu Sep 2024	36.15	36.76	36.78	36.00	0.046 times
25 Wed Sep 2024	36.00	38.00	38.00	35.95	0.061 times
24 Tue Sep 2024	36.81	37.00	37.50	36.20	0.126 times
23 Mon Sep 2024	36.43	35.57	37.00	35.57	0.392 times
20 Fri Sep 2024	36.23	36.32	37.00	36.00	0.306 times
19 Thu Sep 2024	36.09	36.90	37.10	36.08	0.015 times
18 Wed Sep 2024	36.30	35.27	36.55	35.27	0.042 times

Stock of Soma Textile (SomaTextile) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.7, but if it comes below 38.7, then a intra day sell could be more profitable.
If you take a sell trade below 38.7, then use 38.7 as stoploss and 36.82 as target. However if you take a buy trade in stock , then use 38.7 as stoploss and 41 as target.

Share price targets for Soma Textile (SomaTextile)

Target Type	Value
Downside Target	32.65
Downside Target	34.25
Downside Target	36.30
Downside Target	38.83
Downside Target	39.00
Downside Target	39.23
Upside Target	39.76
Upside Target	43.48
Upside Target	43.73

Intraday share price targets for Soma Textile (SomaTextile)

Target Type	Value
Downside Intraday Target	37.73
Downside Intraday Target	36.23
Upside Intraday Target	42.23
Upside Intraday Target	45.23
Upside Intraday Target	40.73

Weekly technical analysis of Soma Textile (SomaTextile)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	39.23	40.66	43.73	39.23	4.134 times
27 Fri Sep 2024	39.76	35.57	39.76	34.71	3.574 times
20 Fri Sep 2024	36.23	37.99	39.00	35.27	0.856 times
13 Fri Sep 2024	36.57	37.61	38.83	35.16	0.896 times
06 Fri Sep 2024	35.99	35.70	37.80	34.25	2.138 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Soma Textile (SomaTextile)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	39.23	43.48	43.48	39.23	0.231 times
30 Mon Sep 2024	43.58	35.70	43.73	34.25	5.901 times
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

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 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 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 mid to longer 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.

ADX buy sell signal for Soma Textile stock for short term is BUY. Signal strength is Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 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 41.53 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 positive

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