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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 2024-06-26 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 5792866

Date	Daily Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	84.62	85.23	87.00	83.56	0.424 times
25 Tue Jun 2024	85.04	86.50	88.10	84.55	0.319 times
24 Mon Jun 2024	85.99	87.00	88.21	85.21	0.515 times
21 Fri Jun 2024	89.32	93.00	93.05	89.00	1.002 times
20 Thu Jun 2024	93.32	85.40	96.70	84.52	5.054 times
19 Wed Jun 2024	84.91	85.41	88.80	84.40	1.33 times
18 Tue Jun 2024	82.90	80.05	83.50	78.43	0.817 times
14 Fri Jun 2024	79.71	79.90	81.19	78.93	0.151 times
13 Thu Jun 2024	79.50	79.70	80.90	78.50	0.185 times
12 Wed Jun 2024	79.20	79.50	81.00	79.00	0.184 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 85.7 as stoploss in an intra day sell trade for a target of 78.6. However, stock will show a bullish move above 85.7.

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
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	82.72
Downside Intraday Target	80.81
Upside Intraday Target	87.37
Upside Intraday Target	90.11
Upside Intraday Target	85.46

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	84.62	87.00	88.21	83.56	0.153 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
26 Wed Jun 2024	84.62	73.90	96.70	64.40	4.589 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, 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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. Bears are getting stronger in this stock.

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 89.21 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.