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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 2024-06-25 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 6108243

Date	Daily Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	85.04	86.50	88.10	84.55	0.302 times
24 Mon Jun 2024	85.99	87.00	88.21	85.21	0.489 times
21 Fri Jun 2024	89.32	93.00	93.05	89.00	0.95 times
20 Thu Jun 2024	93.32	85.40	96.70	84.52	4.793 times
19 Wed Jun 2024	84.91	85.41	88.80	84.40	1.262 times
18 Tue Jun 2024	82.90	80.05	83.50	78.43	0.775 times
14 Fri Jun 2024	79.71	79.90	81.19	78.93	0.143 times
13 Thu Jun 2024	79.50	79.70	80.90	78.50	0.176 times
12 Wed Jun 2024	79.20	79.50	81.00	79.00	0.175 times
11 Tue Jun 2024	79.30	80.15	81.96	78.28	0.42 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 85, but if it comes below 85, then a intra day sell could be more profitable.
If you take a sell trade below 85, then use 85 as stoploss and 77.98 as target. However if you take a buy trade in stock , then use 85 as stoploss and 93.5 as target.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	68.25
Downside Target	70.25
Downside Target	73.45
Downside Target	76.00
Downside Target	78.43
Downside Target	81.96
Downside Target	84.55
Upside Target	85.80
Upside Target	88.21
Upside Target	90.50
Upside Target	96.70
Upside Target	107.50

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	83.66
Downside Intraday Target	82.27
Upside Intraday Target	87.32
Upside Intraday Target	89.59
Upside Intraday Target	85.93

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	85.04	87.00	88.21	84.55	0.102 times
21 Fri Jun 2024	89.32	80.05	96.70	78.43	4.493 times
14 Fri Jun 2024	79.71	74.00	81.96	73.45	2.714 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

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
25 Tue Jun 2024	85.04	73.90	96.70	64.40	4.426 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, and volume has increased substantially. This means that the move can 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Southern Petrochemicals ( (SPIC) ) 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 Southern Petrochemicals ( (SPIC) ) based on a short to mid 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 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 Strong and stock is losing momentum.

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

Southern Petrochemicals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Southern Petrochemicals in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 88.97 and Southern Petrochemicals (SPIC) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

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