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(SPLPETRO) Supreme Petrochem complete technical analysis [charts+indicators] | Buy/Sell Supreme Petrochem | (SPLPETRO) share price targets

Complete technical analysis of Supreme Petrochem (SPLPETRO) by charts plus indicators, forecast predictions and share price targets for Supreme Petrochem (SPLPETRO)

Showing technical analysis as on 2024-04-16 View latest technical analysis

10 day averaged volume of Supreme Petrochem is 44154

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	640.20	638.75	646.70	632.45	0.533 times
15 Mon Apr 2024	638.75	640.00	652.00	622.90	0.703 times
12 Fri Apr 2024	643.45	636.85	663.00	635.05	1.361 times
10 Wed Apr 2024	641.70	643.70	649.75	629.00	0.816 times
09 Tue Apr 2024	640.35	655.10	660.55	636.55	0.876 times
08 Mon Apr 2024	657.15	670.00	671.90	652.00	0.799 times
05 Fri Apr 2024	668.35	676.05	681.15	661.70	0.495 times
04 Thu Apr 2024	676.05	681.45	681.60	655.00	1.298 times
03 Wed Apr 2024	674.70	661.45	677.00	659.25	0.763 times
02 Tue Apr 2024	661.45	660.30	670.40	652.30	1.22 times

My analysis of stock is bullish for shortterm, and stock might move up till 659.1 or till 688.6. Use a stoploss of 634.62 and if this stock hits its stoploss, then it can fall down till 610.1

Share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Target	521.25
Downside Target	536.10
Downside Target	580.00
Downside Target	635.05
Upside Target	644.85
Upside Target	652.00
Upside Target	671.90
Upside Target	681.60
Upside Target	757.80
Upside Target	783.00

Intraday share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Intraday Target	624.73
Downside Intraday Target	609.27
Upside Intraday Target	653.83
Upside Intraday Target	667.47
Downside Intraday Target	638.37

Weekly technical analysis of Supreme Petrochem (SPLPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	640.20	640.00	652.00	622.90	0.321 times
12 Fri Apr 2024	643.45	670.00	671.90	629.00	0.708 times
05 Fri Apr 2024	668.35	632.45	681.60	631.75	0.875 times
28 Thu Mar 2024	624.45	619.50	635.05	600.35	0.797 times
22 Fri Mar 2024	620.00	630.95	644.85	589.55	0.123 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 Supreme Petrochem (SPLPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	640.20	632.45	681.60	622.90	0.11 times
28 Thu Mar 2024	624.45	731.00	757.80	586.50	1.072 times
29 Thu Feb 2024	729.90	604.40	783.00	584.95	1.472 times
31 Wed Jan 2024	600.95	561.00	612.00	521.25	1.758 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 Supreme Petrochem (SPLPETRO)

Price action analysis of Supreme Petrochem ( (SPLPETRO) ) 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 Supreme Petrochem ( (SPLPETRO) ) 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 Supreme Petrochem ( (SPLPETRO) ) 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 Supreme Petrochem ( (SPLPETRO) ) based on a mid to longer 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.

ADX buy sell signal for Supreme Petrochem stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Supreme Petrochem in short term but the sell signal is initial and weak.

Supreme Petrochem 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Supreme Petrochem 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 Supreme Petrochem is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 654.98 and Supreme Petrochem (SPLPETRO) 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 Supreme Petrochem (SPLPETRO) stock. Volume based technical analysis of Supreme Petrochem (SPLPETRO) stock is negative.

Supreme Petrochem 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.