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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 2024-10-23 View latest technical analysis

10 day averaged volume of Sumichem is 21426

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	518.05	502.00	523.80	492.70	0.623 times
22 Tue Oct 2024	501.85	538.00	538.00	500.05	1.571 times
21 Mon Oct 2024	527.55	558.50	558.50	525.55	0.67 times
18 Fri Oct 2024	546.75	566.15	566.15	545.45	0.6 times
17 Thu Oct 2024	565.75	570.25	577.00	562.05	0.627 times
16 Wed Oct 2024	570.75	559.85	573.00	549.95	2.364 times
15 Tue Oct 2024	553.10	540.60	559.80	540.60	1.153 times
14 Mon Oct 2024	539.50	546.25	547.85	538.00	0.756 times
11 Fri Oct 2024	545.30	544.05	550.00	540.85	0.407 times
10 Thu Oct 2024	544.05	537.50	552.00	537.50	0.784 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 528.8, but if it comes above 528.8, then a intra day buy could be more profitable.
If you take a sell trade below 528.8, then use 528.8 as stoploss and 508.3 as target. However if you take a buy trade in stock , then use 528.8 as stoploss and 545.91 as target.

Share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Target	427.70
Downside Target	475.50
Downside Target	492.70
Upside Target	538.00
Upside Target	558.50
Upside Target	560.25
Upside Target	567.00
Upside Target	576.90
Upside Target	577.00
Upside Target	577.70
Upside Target	628.00

Intraday share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Intraday Target	487.67
Downside Intraday Target	457.28
Upside Intraday Target	553.47
Upside Intraday Target	588.88
Upside Intraday Target	523.08

Weekly technical analysis of Sumichem (Sumichem)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	518.05	558.50	558.50	492.70	0.521 times
18 Fri Oct 2024	546.75	546.25	577.00	538.00	1.282 times
11 Fri Oct 2024	545.30	560.25	560.25	519.20	0.883 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

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
23 Wed Oct 2024	518.05	551.00	577.00	492.70	0.345 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 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 543.25 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.