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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 2024-07-25 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 2314647

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	84.44	86.00	86.00	84.18	0.453 times
24 Wed Jul 2024	85.97	83.70	87.10	83.08	0.586 times
23 Tue Jul 2024	83.25	88.05	88.85	80.79	1.378 times
22 Mon Jul 2024	87.36	82.70	89.30	81.52	1.977 times
19 Fri Jul 2024	82.79	84.50	84.69	81.75	0.511 times
18 Thu Jul 2024	84.59	86.95	86.95	84.44	0.403 times
16 Tue Jul 2024	86.52	87.85	89.80	86.11	0.701 times
15 Mon Jul 2024	87.37	86.80	88.40	84.80	0.658 times
12 Fri Jul 2024	85.88	86.45	91.10	85.35	2.647 times
11 Thu Jul 2024	85.95	85.60	86.90	85.33	0.396 times

My analysis of stock is bearish for shortterm, and stock might move down till 83.3 or till 81.1. Use a stoploss of 85.15 and if the stock hits stoploss, then it can shoot up till 86.98

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	68.25
Downside Target	70.25
Downside Target	80.79
Upside Target	85.80
Upside Target	88.21
Upside Target	89.30
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	80.39
Downside Intraday Target	76.33
Upside Intraday Target	88.9
Upside Intraday Target	93.35
Upside Intraday Target	84.84

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	84.44	82.70	89.30	80.79	1.933 times
19 Fri Jul 2024	82.79	86.80	89.80	81.75	0.315 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Southern Petrochemicals (SPIC)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	84.44	83.87	91.90	80.79	0.543 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 Weak 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 and the buying is gaining 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 85.68 and Southern Petrochemicals (SPIC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.