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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 2024-05-10 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 862592

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	75.30	75.00	76.05	73.15	0.415 times
09 Thu May 2024	74.20	76.55	77.10	74.00	0.572 times
08 Wed May 2024	76.40	76.20	78.45	76.00	0.541 times
07 Tue May 2024	76.20	79.40	79.45	76.00	0.752 times
06 Mon May 2024	78.80	82.00	82.00	78.10	0.883 times
03 Fri May 2024	81.60	81.65	82.40	80.10	0.909 times
02 Thu May 2024	81.45	81.70	82.80	80.40	0.626 times
30 Tue Apr 2024	81.45	82.85	82.90	81.25	0.585 times
29 Mon Apr 2024	82.30	83.55	83.95	82.00	1.068 times
26 Fri Apr 2024	83.40	81.70	85.80	81.00	3.396 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 76.4, but if it comes above 76.4, then a intra day buy could be more profitable.
If you take a sell trade below 76.4, then use 76.4 as stoploss and 73.4 as target. However if you take a buy trade in stock , then use 76.4 as stoploss and 78.99 as target.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	68.25
Downside Target	71.50
Downside Target	73.15
Upside Target	77.00
Upside Target	82.00
Upside Target	82.80
Upside Target	83.95
Upside Target	85.80
Upside Target	89.15
Upside Target	90.50
Upside Target	107.50

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	71.63
Downside Intraday Target	67.97
Upside Intraday Target	80.48
Upside Intraday Target	85.67
Upside Intraday Target	76.82

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	75.30	82.00	82.00	73.15	0.992 times
03 Fri May 2024	81.60	83.55	83.95	80.10	0.395 times
26 Fri Apr 2024	83.40	77.50	85.80	77.00	2.053 times
19 Fri Apr 2024	76.70	76.80	78.90	74.50	0.998 times
12 Fri Apr 2024	79.00	82.10	82.25	78.80	0.429 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
10 Fri May 2024	75.30	81.70	82.80	73.15	0.176 times
30 Tue Apr 2024	81.45	71.50	85.80	71.50	1.101 times
28 Thu Mar 2024	70.30	89.50	90.50	68.25	0.197 times
29 Thu Feb 2024	88.75	85.15	107.50	82.60	1.521 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Southern Petrochemicals stock for short term is SELL. Signal strength is Strong and stock is gaining 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 SELL signal for Southern Petrochemicals in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 80.62 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.