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

(SPIC) Southern Petrochemicals complete technical analysis [charts+indicators] | Buy/Sell Southern Petrochemicals | (SPIC) share price targets

Complete technical analysis of Southern Petrochemicals (SPIC) by charts plus indicators, forecast predictions and share price targets for Southern Petrochemicals (SPIC)

Showing technical analysis as on 2024-03-02 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 2137451

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	88.80	88.90	90.50	88.10	0.117 times
01 Fri Mar 2024	88.55	89.50	90.30	88.25	0.455 times
29 Thu Feb 2024	88.75	88.35	89.75	86.70	0.692 times
28 Wed Feb 2024	88.35	90.85	92.25	87.30	0.662 times
27 Tue Feb 2024	90.15	92.00	93.75	89.75	0.542 times
26 Mon Feb 2024	92.00	94.20	94.20	90.95	0.592 times
23 Fri Feb 2024	93.75	94.90	95.45	93.30	0.639 times
22 Thu Feb 2024	94.95	94.20	95.50	91.50	0.805 times
21 Wed Feb 2024	94.00	96.20	97.35	93.55	1.082 times
20 Tue Feb 2024	95.95	99.70	99.70	95.20	1.116 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 88.2 as stoploss in an intra day buy trade for a target of 92.72. However, stock will show a bearish move below 88.2.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	66.90
Downside Target	69.80
Downside Target	77.45
Downside Target	81.55
Downside Target	86.70
Upside Target	91.75
Upside Target	94.20
Upside Target	95.10
Upside Target	99.80
Upside Target	99.95
Upside Target	107.50

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	85.6
Downside Intraday Target	82.4
Upside Intraday Target	93.1
Upside Intraday Target	97.4
Upside Intraday Target	89.9

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	88.80	94.20	94.20	86.70	0.434 times
23 Fri Feb 2024	93.75	91.30	99.95	90.65	0.933 times
16 Fri Feb 2024	91.05	94.40	95.10	82.60	0.519 times
09 Fri Feb 2024	94.10	101.15	107.50	91.75	0.705 times
02 Fri Feb 2024	98.65	87.00	99.80	83.10	2.356 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 Southern Petrochemicals (SPIC)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	88.80	89.50	90.50	88.10	0.011 times
29 Thu Feb 2024	88.75	85.15	107.50	82.60	1.521 times
31 Wed Jan 2024	84.55	77.70	89.15	77.45	1.32 times
29 Fri Dec 2023	77.25	70.25	81.55	69.80	3.578 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 Southern Petrochemicals (SPIC)

Price action analysis of Southern Petrochemicals ( (SPIC) ) 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 Southern Petrochemicals ( (SPIC) ) 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 Southern Petrochemicals ( (SPIC) ) 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 Southern Petrochemicals stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Southern Petrochemicals 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 buy signal for Southern Petrochemicals in short term but BUY signal is weak.

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 Southern Petrochemicals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 92.37 and Southern Petrochemicals (SPIC) 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 Southern Petrochemicals (SPIC) stock. Volume based technical analysis of Southern Petrochemicals (SPIC) stock is negative.

Southern Petrochemicals 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.