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(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 2024-03-07 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 1123106

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	84.25	84.05	86.05	83.95	0.727 times
06 Wed Mar 2024	83.95	86.40	86.40	82.20	1.442 times
05 Tue Mar 2024	86.40	87.80	88.15	85.80	0.744 times
04 Mon Mar 2024	87.25	89.40	89.90	87.00	0.771 times
02 Sat Mar 2024	88.80	88.90	90.50	88.10	0.222 times
01 Fri Mar 2024	88.55	89.50	90.30	88.25	0.867 times
29 Thu Feb 2024	88.75	88.35	89.75	86.70	1.318 times
28 Wed Feb 2024	88.35	90.85	92.25	87.30	1.261 times
27 Tue Feb 2024	90.15	92.00	93.75	89.75	1.032 times
26 Mon Feb 2024	92.00	94.20	94.20	90.95	1.127 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 86.2, but if it comes above 86.2, then a intra day buy could be more profitable.
If you take a sell trade below 86.2, then use 86.2 as stoploss and 81.7 as target. However if you take a buy trade in stock , then use 86.2 as stoploss and 90.04 as target.

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
Upside Target	86.70
Upside Target	89.15
Upside Target	90.65
Upside Target	91.75
Upside Target	94.20
Upside Target	95.10
Upside Target	99.95
Upside Target	107.50

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	81
Downside Intraday Target	77.75
Upside Intraday Target	88.7
Upside Intraday Target	93.15
Upside Intraday Target	85.45

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	84.25	89.40	89.90	82.20	0.632 times
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

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
07 Thu Mar 2024	84.25	89.50	90.50	82.20	0.05 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 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 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 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 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 Strong and stock is losing momentum.

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

Southern Petrochemicals 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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Southern Petrochemicals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 87.84 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 negative.

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