Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-31 View latest technical analysis

10 day averaged volume of Sumichem is 43519

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	573.20	565.00	581.00	560.10	0.717 times
30 Wed Oct 2024	565.40	542.85	567.40	542.85	0.824 times
29 Tue Oct 2024	553.70	523.65	563.95	520.25	3.984 times
28 Mon Oct 2024	514.30	504.50	536.75	492.45	1.908 times
25 Fri Oct 2024	494.60	514.85	518.75	490.15	0.844 times
24 Thu Oct 2024	516.60	529.50	529.50	510.15	0.427 times
23 Wed Oct 2024	518.05	502.00	523.80	492.70	0.307 times
22 Tue Oct 2024	501.85	538.00	538.00	500.05	0.773 times
21 Mon Oct 2024	527.55	558.50	558.50	525.55	0.33 times
18 Fri Oct 2024	546.75	566.15	566.15	545.45	0.295 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 561.4, but if it comes below 561.4, then a intra day sell could be more profitable.
If you take a sell trade below 561.4, then use 561.4 as stoploss and 539.42 as target. However if you take a buy trade in stock , then use 561.4 as stoploss and 587.7 as target.

Share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Target	427.70
Downside Target	475.50
Downside Target	490.15
Downside Target	538.00
Downside Target	558.50
Downside Target	560.25
Downside Target	567.00
Upside Target	576.90
Upside Target	577.00
Upside Target	581.00
Upside Target	628.00

Intraday share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Intraday Target	516.77
Downside Intraday Target	460.33
Upside Intraday Target	605.32
Upside Intraday Target	637.43
Downside Intraday Target	548.88

Weekly technical analysis of Sumichem (Sumichem)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	573.20	504.50	581.00	492.45	2.772 times
25 Fri Oct 2024	494.60	558.50	558.50	490.15	0.99 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

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 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
31 Wed Jul 2024	519.20	475.50	546.95	475.50	0.973 times

Scroll below to view daily charts

Price has moved up 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Weak and stock is gaining 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sumichem in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 536.5 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 negative.

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