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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 2024-07-18 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 2435787

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	84.59	86.95	86.95	84.44	0.383 times
16 Tue Jul 2024	86.52	87.85	89.80	86.11	0.666 times
15 Mon Jul 2024	87.37	86.80	88.40	84.80	0.625 times
12 Fri Jul 2024	85.88	86.45	91.10	85.35	2.516 times
11 Thu Jul 2024	85.95	85.60	86.90	85.33	0.377 times
10 Wed Jul 2024	85.08	88.10	88.41	83.47	0.705 times
09 Tue Jul 2024	88.50	89.90	91.90	88.00	1.535 times
08 Mon Jul 2024	88.96	87.75	89.40	85.75	1.736 times
05 Fri Jul 2024	85.16	84.47	86.36	83.51	0.615 times
04 Thu Jul 2024	84.47	84.16	86.00	83.09	0.734 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 83.4 as stoploss in an intra day buy trade for a target of 85.88. However, stock will show a bearish move below 83.4.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	68.25
Downside Target	70.25
Downside Target	78.43
Downside Target	81.74
Upside Target	88.21
Upside Target	89.80
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	82.75
Downside Intraday Target	80.92
Upside Intraday Target	88.11
Upside Intraday Target	91.64
Upside Intraday Target	86.28

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	84.59	86.80	89.80	84.44	0.244 times
12 Fri Jul 2024	85.88	87.75	91.90	83.47	2.41 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

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
18 Thu Jul 2024	84.59	83.87	91.90	82.08	0.385 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 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 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 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 SELL signal for Southern Petrochemicals in short term but the sell signal is initial and weak.

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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Southern Petrochemicals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 86.71 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.