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(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)

Showing technical analysis as on 2024-05-31 View latest technical analysis

10 day averaged volume of Sumichem is 110614

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	463.55	470.00	479.55	460.35	0.848 times
30 Thu May 2024	477.00	485.30	487.75	473.30	0.967 times
29 Wed May 2024	488.35	448.95	497.90	448.95	1.622 times
28 Tue May 2024	448.90	459.00	482.00	445.15	4.316 times
27 Mon May 2024	440.75	444.25	448.70	435.00	0.632 times
24 Fri May 2024	440.30	438.75	445.90	432.25	0.626 times
23 Thu May 2024	436.05	421.60	442.30	421.60	0.557 times
22 Wed May 2024	419.55	414.65	421.00	404.35	0.495 times
21 Tue May 2024	413.10	404.00	419.40	400.20	0.224 times
18 Sat May 2024	405.45	407.05	411.05	403.60	0.021 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 449.7, but if it comes below 449.7, then a intra day sell could be more profitable.
If you take a sell trade below 449.7, then use 449.7 as stoploss and 418.94 as target. However if you take a buy trade in stock , then use 449.7 as stoploss and 486.6 as target.

Share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Target	336.40
Downside Target	350.80
Downside Target	370.00
Downside Target	380.05
Downside Target	411.95
Downside Target	414.50
Downside Target	414.95
Downside Target	431.50
Downside Target	435.00
Downside Target	445.90
Upside Target	497.90

Intraday share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Intraday Target	433.07
Downside Intraday Target	402.58
Upside Intraday Target	495.97
Upside Intraday Target	528.38
Upside Intraday Target	465.48

Weekly technical analysis of Sumichem (Sumichem)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	463.55	444.25	497.90	435.00	4.41 times
24 Fri May 2024	440.30	404.00	445.90	400.20	2.031 times
18 Sat May 2024	405.45	380.45	411.95	380.05	1.609 times
10 Fri May 2024	384.75	403.45	404.70	383.05	0.809 times
03 Fri May 2024	403.50	406.20	406.20	394.15	1.189 times

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

Monthly technical analysis of Sumichem (Sumichem)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Fri May 2024	463.55	402.75	497.90	380.05	2.31 times
30 Tue Apr 2024	400.70	353.00	414.50	350.80	0.987 times
28 Thu Mar 2024	347.40	379.00	387.90	336.40	1.418 times
29 Thu Feb 2024	374.10	414.95	414.95	370.00	0.568 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Sumichem (Sumichem)

Price action analysis of Sumichem ( (Sumichem) ) 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 Sumichem ( (Sumichem) ) 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 Sumichem ( (Sumichem) ) 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 Sumichem stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sumichem 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.

Sumichem 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 Sumichem 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 Sumichem is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 454.96 and Sumichem (Sumichem) 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 Sumichem (Sumichem) stock. Volume based technical analysis of Sumichem (Sumichem) stock is negative.

Sumichem 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.