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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 2024-12-26 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 608191

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	74.74	74.03	75.24	74.03	0.3 times
24 Tue Dec 2024	74.48	73.43	74.98	73.20	0.436 times
23 Mon Dec 2024	73.17	75.00	75.35	72.80	0.513 times
20 Fri Dec 2024	74.08	77.30	77.50	73.80	0.654 times
19 Thu Dec 2024	76.31	76.00	77.12	75.60	0.547 times
18 Wed Dec 2024	77.74	79.50	79.75	77.15	0.937 times
17 Tue Dec 2024	79.25	78.59	81.56	78.20	3.885 times
16 Mon Dec 2024	77.43	75.70	78.22	75.69	1.014 times
13 Fri Dec 2024	75.43	76.61	76.68	75.00	0.535 times
12 Thu Dec 2024	76.59	77.81	78.42	76.40	0.561 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 75.1, but if it comes above 75.1, then a intra day buy could be more profitable.
If you take a sell trade below 75.1, then use 75.1 as stoploss and 73.3 as target. However if you take a buy trade in stock , then use 75.1 as stoploss and 76.69 as target.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	70.23
Downside Target	71.75
Upside Target	78.41
Upside Target	80.44
Upside Target	81.56
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	73.24
Downside Intraday Target	71.75
Upside Intraday Target	75.79
Upside Intraday Target	76.85
Downside Intraday Target	74.3

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	74.74	75.00	75.35	72.80	0.177 times
20 Fri Dec 2024	74.08	75.70	81.56	73.80	1.875 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

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 Thu Dec 2024	74.74	77.60	81.56	72.80	1.087 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Southern Petrochemicals in short term and the sell signal is strong.

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 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 77.3 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 negative.

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