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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 2024-11-26 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 449191

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	74.03	73.63	74.75	73.56	0.759 times
25 Mon Nov 2024	73.45	73.05	74.80	73.00	1.073 times
22 Fri Nov 2024	72.22	70.90	72.50	70.23	0.88 times
21 Thu Nov 2024	70.72	72.86	72.90	70.31	1.217 times
19 Tue Nov 2024	72.71	72.45	74.49	72.32	0.801 times
18 Mon Nov 2024	71.72	73.60	74.50	70.70	1.466 times
14 Thu Nov 2024	73.58	74.21	75.39	73.14	1.583 times
13 Wed Nov 2024	74.21	76.40	77.18	74.01	0.897 times
12 Tue Nov 2024	76.86	78.89	80.19	76.58	0.759 times
11 Mon Nov 2024	78.69	79.20	79.63	77.81	0.621 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 73 as stoploss in an intra day buy trade for a target of 76.5. However, stock will show a bearish move below 73.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	70.23
Downside Target	71.75
Upside Target	80.19
Upside Target	81.60
Upside Target	81.79
Upside Target	83.78
Upside Target	88.65
Upside Target	91.90
Upside Target	95.20
Upside Target	96.63

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	73.09
Downside Intraday Target	72.14
Upside Intraday Target	74.89
Upside Intraday Target	75.74
Downside Intraday Target	73.94

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	74.03	73.05	74.80	73.00	0.42 times
22 Fri Nov 2024	72.22	73.60	74.50	70.23	1.13 times
14 Thu Nov 2024	73.58	79.20	80.19	73.14	0.693 times
08 Fri Nov 2024	79.74	80.49	83.78	77.06	0.948 times
01 Fri Nov 2024	80.51	73.58	81.79	71.75	0.917 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
26 Tue Nov 2024	74.03	80.38	83.78	70.23	0.497 times
31 Thu Oct 2024	79.76	85.80	88.65	71.75	0.378 times
30 Mon Sep 2024	85.85	87.97	96.63	81.60	0.765 times
30 Fri Aug 2024	87.79	85.44	95.20	75.75	1.126 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Southern Petrochemicals ( (SPIC) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Southern Petrochemicals ( (SPIC) ) based on a short to mid 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 mid to longer 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.

ADX buy sell signal for Southern Petrochemicals stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Southern Petrochemicals in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 73.41 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 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 negative.

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