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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 2024-06-10 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 703469

Date	Daily Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	79.60	74.00	80.60	73.45	7.108 times
07 Fri Jun 2024	73.45	71.90	74.00	71.55	1.064 times
06 Thu Jun 2024	71.30	70.70	72.45	70.45	0.957 times
05 Wed Jun 2024	70.05	68.85	70.50	66.65	0.92 times
04 Tue Jun 2024	67.65	72.05	72.05	64.40	1.512 times
03 Mon Jun 2024	72.25	73.90	73.90	72.10	1.087 times
31 Fri May 2024	71.10	71.00	71.95	70.25	0.613 times
30 Thu May 2024	70.85	71.50	72.10	70.65	0.876 times
29 Wed May 2024	71.90	72.00	73.40	71.65	0.858 times
28 Tue May 2024	72.25	74.40	74.55	72.00	0.862 times

Stock of Southern Petrochemicals (SPIC) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 80.9, for a target of 77.2 or 74.07

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	68.25
Downside Target	70.25
Downside Target	73.30
Downside Target	76.00
Downside Target	78.50
Upside Target	80.60
Upside Target	82.60
Upside Target	82.80
Upside Target	85.80
Upside Target	90.50
Upside Target	107.50

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	75.17
Downside Intraday Target	70.73
Upside Intraday Target	82.32
Upside Intraday Target	85.03
Downside Intraday Target	77.88

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	79.60	74.00	80.60	73.45	1.283 times
07 Fri Jun 2024	73.45	73.90	74.00	64.40	1.242 times
31 Fri May 2024	71.10	74.60	76.00	70.25	0.601 times
24 Fri May 2024	74.30	77.80	78.50	73.30	1.942 times
18 Sat May 2024	77.15	75.85	79.75	73.30	0.985 times

Price has moved up 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 Mon Jun 2024	79.60	73.90	80.60	64.40	0.589 times
31 Fri May 2024	71.10	81.70	82.80	70.25	0.654 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

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 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 short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Southern Petrochemicals ( (SPIC) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Southern Petrochemicals 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 Southern Petrochemicals in short term and BUY 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 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 74.86 and Southern Petrochemicals (SPIC) 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 Southern Petrochemicals (SPIC) stock. Volume based technical analysis of Southern Petrochemicals (SPIC) stock is negative.

Southern Petrochemicals 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.