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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 2024-12-16 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 473753

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	77.43	75.70	78.22	75.69	1.302 times
13 Fri Dec 2024	75.43	76.61	76.68	75.00	0.687 times
12 Thu Dec 2024	76.59	77.81	78.42	76.40	0.72 times
11 Wed Dec 2024	77.81	78.01	78.57	77.45	1.178 times
10 Tue Dec 2024	78.01	77.20	79.42	77.01	1.422 times
09 Mon Dec 2024	77.09	77.90	78.22	76.92	0.81 times
06 Fri Dec 2024	77.92	78.25	78.74	77.33	1.059 times
05 Thu Dec 2024	78.21	77.97	80.44	77.39	2.098 times
04 Wed Dec 2024	77.69	77.46	78.98	76.70	0.779 times
03 Tue Dec 2024	77.44	77.21	78.75	77.21	0.617 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 78 as stoploss in an intra day sell trade for a target of 75.71. However, stock will show a bullish move above 78.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	70.23
Downside Target	71.75
Downside Target	74.50
Upside Target	78.22
Upside Target	79.42
Upside Target	80.44
Upside Target	81.60
Upside Target	83.78
Upside Target	88.65
Upside Target	95.20
Upside Target	96.63

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	76.01
Downside Intraday Target	74.58
Upside Intraday Target	78.54
Upside Intraday Target	79.64
Downside Intraday Target	77.11

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	77.43	75.70	78.22	75.69	0.27 times
13 Fri Dec 2024	75.43	77.90	79.42	75.00	0.93 times
06 Fri Dec 2024	77.92	77.60	80.44	76.59	0.919 times
29 Fri Nov 2024	77.54	73.05	78.41	73.00	1.363 times
22 Fri Nov 2024	72.22	73.60	74.50	70.23	1.13 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
16 Mon Dec 2024	77.43	77.60	80.44	75.00	0.595 times
29 Fri Nov 2024	77.54	80.38	83.78	70.23	0.625 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

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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Southern Petrochemicals in short term but the buy 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 77.56 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.