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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)

10 day averaged volume of Southern Petrochemicals is 1145682

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 70.30 72.75 73.15 70.00 1.062 times
27 Wed Mar 2024 72.15 71.50 73.70 71.20 1.25 times
26 Tue Mar 2024 70.95 72.60 73.85 70.25 1.086 times
22 Fri Mar 2024 72.80 72.50 73.60 72.10 0.817 times
21 Thu Mar 2024 72.30 71.95 73.00 71.60 0.753 times
20 Wed Mar 2024 70.70 71.45 72.25 69.60 0.671 times
19 Tue Mar 2024 70.85 72.80 74.55 70.45 0.732 times
18 Mon Mar 2024 72.90 73.20 75.00 72.15 0.736 times
15 Fri Mar 2024 73.05 73.90 75.95 70.80 0.922 times
14 Thu Mar 2024 74.35 69.35 75.00 68.25 1.254 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 70.6, but if it comes above 70.6, then a intra day buy could be more profitable.
If you take a sell trade below 70.6, then use 70.6 as stoploss and 62 as target. However if you take a buy trade in stock , then use 70.6 as stoploss and 77.72 as target.

Share price targets for Southern Petrochemicals (SPIC)

Target Type Value
Downside Target 66.90
Downside Target 68.25
Upside Target 73.85
Upside Target 77.45
Upside Target 81.55
Upside Target 84.65
Upside Target 86.70
Upside Target 89.15
Upside Target 89.90
Upside Target 90.50
Upside Target 94.20
Upside Target 107.50

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type Value
Downside Intraday Target 68.92
Downside Intraday Target 67.53
Upside Intraday Target 72.77
Upside Intraday Target 75.23
Upside Intraday Target 71.38

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date Weekly Closing Price Open High Low Volume
28 Thu Mar 2024 70.30 72.60 73.85 70.00 0.916 times
22 Fri Mar 2024 72.80 73.20 75.00 69.60 0.57 times
15 Fri Mar 2024 73.05 84.20 84.65 68.25 1.803 times
07 Thu Mar 2024 84.25 89.40 89.90 82.20 0.632 times
02 Sat Mar 2024 88.80 94.20 94.20 86.70 0.434 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
28 Thu Mar 2024 70.30 89.50 90.50 68.25 0.197 times
29 Thu Feb 2024 88.75 85.15 107.50 82.60 1.521 times
31 Wed Jan 2024 84.55 77.70 89.15 77.45 1.32 times
29 Fri Dec 2023 77.25 70.25 81.55 69.80 3.578 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 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.

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 red color and prices are below the red 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 SELL signal in short term but selling 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 72.11 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.

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 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.

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 red color and prices are below the red 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 SELL signal in short term but selling 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 72.11 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.

Click here for Southern Petrochemicals charts

Click here for further forecast and predictions for tomorrow

Daily charts

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