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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 2024-10-09 View latest technical analysis

10 day averaged volume of Sumichem is 29093

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	539.60	553.90	553.90	537.85	0.786 times
08 Tue Oct 2024	548.65	521.45	552.80	519.20	0.973 times
07 Mon Oct 2024	521.75	560.25	560.25	519.50	0.524 times
03 Thu Oct 2024	547.95	568.60	568.60	544.05	0.786 times
01 Tue Oct 2024	565.25	551.00	576.90	551.00	2.278 times
30 Mon Sep 2024	556.85	561.00	561.30	550.25	0.518 times
27 Fri Sep 2024	559.75	548.70	568.40	546.15	1.57 times
26 Thu Sep 2024	548.70	550.00	556.00	545.50	0.271 times
25 Wed Sep 2024	554.55	560.50	567.25	553.05	0.397 times
24 Tue Sep 2024	562.55	573.50	577.70	559.50	0.997 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 545.8, but if it comes above 545.8, then a intra day buy could be more profitable.
If you take a sell trade below 545.8, then use 545.8 as stoploss and 516.7 as target. However if you take a buy trade in stock , then use 545.8 as stoploss and 570.01 as target.

Share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Target	427.70
Downside Target	475.50
Downside Target	501.85
Upside Target	544.05
Upside Target	560.25
Upside Target	567.00
Upside Target	576.90
Upside Target	577.70
Upside Target	627.70
Upside Target	628.00

Intraday share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Intraday Target	519.12
Downside Intraday Target	498.63
Upside Intraday Target	560.17
Upside Intraday Target	580.73
Upside Intraday Target	539.68

Weekly technical analysis of Sumichem (Sumichem)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	539.60	560.25	560.25	519.20	0.638 times
03 Thu Oct 2024	547.95	561.00	576.90	544.05	0.728 times
27 Fri Sep 2024	559.75	564.95	577.70	545.50	0.762 times
20 Fri Sep 2024	560.40	591.45	628.00	554.40	0.351 times
13 Fri Sep 2024	591.45	537.55	627.70	523.25	3.323 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
09 Wed Oct 2024	539.60	551.00	576.90	519.20	0.149 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
31 Wed Jul 2024	519.20	475.50	546.95	475.50	0.973 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 Sumichem (Sumichem)

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

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

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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Sumichem in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 554.58 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 positive

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