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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 2024-09-04 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 2085131

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	89.86	88.70	91.00	87.62	0.718 times
03 Tue Sep 2024	88.70	88.90	89.70	88.07	0.461 times
02 Mon Sep 2024	88.86	87.97	91.24	87.28	0.902 times
30 Fri Aug 2024	87.79	88.20	90.20	87.50	0.628 times
29 Thu Aug 2024	87.34	89.90	89.90	86.71	0.646 times
28 Wed Aug 2024	89.49	90.50	92.56	89.21	0.645 times
27 Tue Aug 2024	90.33	90.78	93.47	89.08	1.73 times
26 Mon Aug 2024	90.85	92.49	92.55	89.51	0.996 times
23 Fri Aug 2024	91.88	91.70	93.50	91.20	0.959 times
22 Thu Aug 2024	91.27	91.20	95.20	91.01	2.221 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 91.4 as stoploss in an intra day sell trade for a target of 87.77. However, stock will show a bullish move above 91.4.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	70.25
Downside Target	75.75
Downside Target	80.79
Downside Target	82.80
Downside Target	86.71
Upside Target	91.24
Upside Target	91.28
Upside Target	91.90
Upside Target	93.47
Upside Target	95.20
Upside Target	96.70

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	87.68
Downside Intraday Target	85.5
Upside Intraday Target	91.64
Upside Intraday Target	93.42
Downside Intraday Target	89.46

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Sep 2024	89.86	87.97	91.24	87.28	0.448 times
30 Fri Aug 2024	87.79	92.49	93.47	86.71	0.717 times
23 Fri Aug 2024	91.88	88.45	95.20	88.06	1.727 times
16 Fri Aug 2024	87.68	87.85	89.77	83.10	0.474 times
09 Fri Aug 2024	87.85	81.00	91.28	75.75	2.625 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
04 Wed Sep 2024	89.86	87.97	91.24	87.28	0.087 times
30 Fri Aug 2024	87.79	85.44	95.20	75.75	1.126 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL signal for Southern Petrochemicals in short term but the sell signal is initial and weak.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Southern Petrochemicals in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY 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 90.09 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.