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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 2024-08-02 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 1801185

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	82.98	83.50	84.45	82.72	0.395 times
01 Thu Aug 2024	84.65	85.44	86.60	84.31	0.857 times
31 Wed Jul 2024	84.89	86.80	87.50	84.71	0.735 times
30 Tue Jul 2024	86.19	84.60	87.44	84.60	1.003 times
29 Mon Jul 2024	84.64	85.25	86.29	84.26	0.501 times
26 Fri Jul 2024	84.00	85.88	86.60	83.83	0.601 times
25 Thu Jul 2024	84.44	86.00	86.00	84.18	0.582 times
24 Wed Jul 2024	85.97	83.70	87.10	83.08	0.753 times
23 Tue Jul 2024	83.25	88.05	88.85	80.79	1.771 times
22 Mon Jul 2024	87.36	82.70	89.30	81.52	2.54 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 83.8, but if it comes above 83.8, then a intra day buy could be more profitable.
If you take a sell trade below 83.8, then use 83.8 as stoploss and 81.8 as target. However if you take a buy trade in stock , then use 83.8 as stoploss and 85.46 as target.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	70.25
Downside Target	80.79
Upside Target	85.80
Upside Target	86.36
Upside Target	86.60
Upside Target	87.50
Upside Target	89.30
Upside Target	89.80
Upside Target	91.90
Upside Target	96.70

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	81.3
Downside Intraday Target	79.62
Upside Intraday Target	86.08
Upside Intraday Target	89.18
Upside Intraday Target	84.4

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	82.98	85.25	87.50	82.72	0.559 times
26 Fri Jul 2024	84.00	82.70	89.30	80.79	2.138 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

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
02 Fri Aug 2024	82.98	85.44	86.60	82.72	0.051 times
31 Wed Jul 2024	84.89	83.87	91.90	80.79	0.614 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

Scroll below to view daily charts

Price has moved down 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 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 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 but buying is losing 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 85.26 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 negative.

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