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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 2024-07-09 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 1819220

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	88.50	89.90	91.90	88.00	2.055 times
08 Mon Jul 2024	88.96	87.75	89.40	85.75	2.324 times
05 Fri Jul 2024	85.16	84.47	86.36	83.51	0.823 times
04 Thu Jul 2024	84.47	84.16	86.00	83.09	0.983 times
03 Wed Jul 2024	83.74	82.98	84.90	82.85	0.658 times
02 Tue Jul 2024	82.53	84.30	84.68	82.08	0.546 times
01 Mon Jul 2024	83.90	83.87	86.16	82.90	0.806 times
28 Fri Jun 2024	83.57	83.50	84.90	82.82	0.769 times
27 Thu Jun 2024	83.01	85.00	85.15	81.74	0.724 times
26 Wed Jun 2024	84.62	85.23	87.00	83.56	1.351 times

Stock of Southern Petrochemicals (SPIC) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 87.9, but if it comes below 87.9, then a intra day sell could be more profitable.
If you take a sell trade below 87.9, then use 87.9 as stoploss and 84.38 as target. However if you take a buy trade in stock , then use 87.9 as stoploss and 92.2 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	78.43
Downside Target	81.74
Downside Target	85.75
Downside Target	88.21
Upside Target	90.50
Upside Target	91.90
Upside Target	96.70

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	85.53
Downside Intraday Target	82.57
Upside Intraday Target	91.68
Upside Intraday Target	94.87
Upside Intraday Target	88.72

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	88.50	87.75	91.90	85.75	1.148 times
05 Fri Jul 2024	85.16	83.87	86.36	82.08	0.694 times
28 Fri Jun 2024	83.57	87.00	88.21	81.74	0.211 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

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
09 Tue Jul 2024	88.50	83.87	91.90	82.08	0.207 times
28 Fri Jun 2024	83.57	73.90	96.70	64.40	4.769 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

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 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 neutral. A longer time frame might give a better analysis.

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 gaining momentum.

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

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 green color and prices are above the green cloud Prices appear to be coming down

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 85.9 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 positive

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