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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 2024-11-04 View latest technical analysis

10 day averaged volume of Supreme Petrochem is 41829

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	762.70	754.10	804.95	746.95	2.323 times
01 Fri Nov 2024	763.00	764.00	765.00	753.50	0.14 times
31 Thu Oct 2024	754.10	730.70	757.45	730.70	0.422 times
30 Wed Oct 2024	741.10	752.70	760.00	736.95	0.866 times
29 Tue Oct 2024	746.30	753.50	753.65	725.30	0.421 times
28 Mon Oct 2024	746.85	762.55	763.20	736.20	1.426 times
25 Fri Oct 2024	762.45	771.25	771.25	738.75	1.022 times
24 Thu Oct 2024	763.60	772.65	787.90	753.00	0.656 times
23 Wed Oct 2024	780.20	792.80	792.80	763.05	0.825 times
22 Tue Oct 2024	784.00	778.05	790.00	750.45	2.78 times

Stock of Supreme Petrochem (SPLPETRO) has showed a significant fall. This could be a good time to exit from this stock.

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 755.5 as stoploss in an intra day buy trade for a target of 771.84. However, stock will show a bearish move below 755.5.

Share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Target	725.30
Upside Target	785.00
Upside Target	804.95
Upside Target	810.00
Upside Target	830.80
Upside Target	846.30
Upside Target	878.45
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	738.12
Downside Intraday Target	713.53
Upside Intraday Target	796.12
Upside Intraday Target	829.53
Upside Intraday Target	771.53

Weekly technical analysis of Supreme Petrochem (SPLPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	762.70	754.10	804.95	746.95	0.709 times
01 Fri Nov 2024	763.00	762.55	765.00	725.30	0.487 times
25 Fri Oct 2024	762.45	780.00	794.40	738.75	1.54 times
18 Fri Oct 2024	780.30	795.65	810.00	760.00	0.603 times
11 Fri Oct 2024	789.40	828.80	830.80	759.50	1.862 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
04 Mon Nov 2024	762.70	764.00	804.95	746.95	0.102 times
31 Thu Oct 2024	754.10	867.55	878.45	725.30	0.589 times
30 Mon Sep 2024	866.70	863.70	910.00	846.30	0.964 times
30 Fri Aug 2024	859.70	857.10	902.00	785.00	0.548 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 buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 Supreme Petrochem stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Supreme Petrochem 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.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Supreme Petrochem in short term and BUY 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 764.74 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.