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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 2024-09-10 View latest technical analysis

10 day averaged volume of Supreme Petrochem is 79230

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	854.70	862.50	868.95	850.00	0.931 times
09 Mon Sep 2024	857.95	875.80	875.80	846.30	1.798 times
06 Fri Sep 2024	875.80	866.50	889.90	865.00	0.788 times
05 Thu Sep 2024	863.50	894.00	910.00	859.60	2.094 times
04 Wed Sep 2024	880.45	878.75	887.00	866.55	0.265 times
03 Tue Sep 2024	879.10	857.20	893.90	857.20	2.077 times
02 Mon Sep 2024	857.90	863.70	879.55	855.00	0.413 times
30 Fri Aug 2024	859.70	871.95	875.50	857.05	0.405 times
29 Thu Aug 2024	867.60	861.00	873.00	857.55	0.499 times
28 Wed Aug 2024	875.15	898.00	898.00	865.10	0.461 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 853.4 as stoploss in an intra day buy trade for a target of 869.31. However, stock will show a bearish move below 853.4.

Share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Target	623.85
Downside Target	645.00
Downside Target	725.00
Downside Target	749.00
Downside Target	785.00
Downside Target	816.95
Downside Target	846.30
Upside Target	901.00
Upside Target	902.00
Upside Target	910.00
Upside Target	926.60

Intraday share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Intraday Target	842.07
Downside Intraday Target	829.43
Upside Intraday Target	871.57
Upside Intraday Target	888.43
Upside Intraday Target	858.93

Weekly technical analysis of Supreme Petrochem (SPLPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	854.70	875.80	875.80	846.30	0.484 times
06 Fri Sep 2024	875.80	863.70	910.00	855.00	1.477 times
30 Fri Aug 2024	859.70	880.00	901.00	846.70	1.093 times
23 Fri Aug 2024	870.85	872.45	902.00	861.05	0.641 times
16 Fri Aug 2024	859.10	825.50	888.65	816.95	0.652 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
10 Tue Sep 2024	854.70	863.70	910.00	846.30	0.373 times
30 Fri Aug 2024	859.70	857.10	902.00	785.00	0.548 times
31 Wed Jul 2024	857.10	769.15	926.60	749.00	1.29 times
28 Fri Jun 2024	765.15	657.25	820.80	623.85	1.611 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 Supreme Petrochem (SPLPETRO)

Price action analysis of Supreme Petrochem ( (SPLPETRO) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Supreme Petrochem ( (SPLPETRO) ) 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 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 BUY. Signal strength is Weak and stock is losing momentum.

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

Supreme Petrochem 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Supreme Petrochem in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 866.79 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.