(Sumichem) Sumichem complete technical analysis [charts+indicators] | Buy/Sell Sumichem | (Sumichem) share price targets
Complete technical analysis of Sumichem (Sumichem) by charts plus indicators, forecast predictions and share price targets for Sumichem (Sumichem)
10 day averaged volume of Sumichem is 28150
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Tue Nov 2024 | 517.35 | 510.05 | 529.50 | 510.05 | 1.055 times |
| 18 Mon Nov 2024 | 518.00 | 531.35 | 531.35 | 510.10 | 0.703 times |
| 14 Thu Nov 2024 | 521.20 | 510.75 | 529.00 | 503.00 | 0.55 times |
| 13 Wed Nov 2024 | 510.45 | 520.00 | 527.50 | 508.70 | 0.623 times |
| 12 Tue Nov 2024 | 528.30 | 526.00 | 547.15 | 526.00 | 0.633 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 511.9 as stoploss in an intra day buy trade for a target of 537.14. However, stock will show a bearish move below 511.9.
Share price targets for Sumichem (Sumichem)
| Target Type | Value |
| Downside Target | 475.50 |
| Downside Target | 490.15 |
| Upside Target | 531.35 |
| Upside Target | 545.75 |
| Upside Target | 557.50 |
| Upside Target | 558.50 |
| Upside Target | 567.00 |
| Upside Target | 581.00 |
| Upside Target | 592.35 |
| Upside Target | 628.00 |
Intraday share price targets for Sumichem (Sumichem)
| Target Type | Value |
| Downside Intraday Target | 507.82 |
| Downside Intraday Target | 498.28 |
| Upside Intraday Target | 529.12 |
| Upside Intraday Target | 540.88 |
| Upside Intraday Target | 519.58 |
Weekly technical analysis of Sumichem (Sumichem)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Tue Nov 2024 | 517.35 | 531.35 | 531.35 | 510.05 | 0.647 times |
| 14 Thu Nov 2024 | 521.20 | 557.50 | 557.50 | 503.00 | 0.413 times |
| 08 Fri Nov 2024 | 547.35 | 573.95 | 592.35 | 545.75 | 0.564 times |
| 01 Fri Nov 2024 | 570.60 | 504.50 | 581.00 | 492.45 | 2.813 times |
| 25 Fri Oct 2024 | 494.60 | 558.50 | 558.50 | 490.15 | 0.99 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 Sumichem (Sumichem)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 19 Tue Nov 2024 | 517.35 | 575.05 | 592.35 | 503.00 | 0.427 times |
| 31 Thu Oct 2024 | 573.20 | 551.00 | 581.00 | 490.15 | 0.709 times |
| 30 Mon Sep 2024 | 556.85 | 521.65 | 628.00 | 501.85 | 1.434 times |
| 30 Fri Aug 2024 | 512.25 | 520.05 | 567.00 | 480.00 | 0.604 times |
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 Sumichem (Sumichem)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 14, 24, 27 | Sell |
| MACD | -10, -4 | Sell |
| Stochastics | 18 | Sell |
| CCI | -74 | Sell |
| RSI | 56 | Buy |
| OBV | 93620 | Sell |
| VWAP | 544 | Sell |
| ADL | 0 | Sell |
| ROC | -8 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Sumichem ( (Sumichem) ) 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 Sumichem ( (Sumichem) ) 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 Sumichem ( (Sumichem) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Sumichem ( (Sumichem) ) based on a mid to longer 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.
ADX buy sell signal for Sumichem stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Sumichem in short term and the sell signal is strong.
Sumichem Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 Sumichem 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 Sumichem is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 543.8 and Sumichem (Sumichem) 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 Sumichem (Sumichem) stock. Volume based technical analysis of Sumichem (Sumichem) stock is negative.
Sumichem 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.
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