Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(SUMICHEM) Sumitomo Chem complete technical analysis [charts+indicators] | Buy/Sell Sumitomo Chem | (SUMICHEM) share price targets

Complete technical analysis of Sumitomo Chem (SUMICHEM) by charts plus indicators, forecast predictions and share price targets for Sumitomo Chem (SUMICHEM)

Showing technical analysis as on 2024-04-15 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 490404

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	391.30	398.05	401.10	387.05	0.869 times
12 Fri Apr 2024	403.15	404.35	408.90	400.15	1.251 times
10 Wed Apr 2024	404.35	385.45	414.40	382.25	2.464 times
09 Tue Apr 2024	385.45	390.75	391.90	383.10	0.353 times
08 Mon Apr 2024	390.65	381.05	393.20	377.10	1.302 times
05 Fri Apr 2024	380.15	366.30	382.40	364.55	1.422 times
04 Thu Apr 2024	365.50	373.35	375.45	364.50	0.594 times
03 Wed Apr 2024	371.45	362.50	374.00	359.40	0.743 times
02 Tue Apr 2024	361.55	363.95	364.35	360.00	0.353 times
01 Mon Apr 2024	361.95	354.95	362.85	350.05	0.554 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 385.2, but if it comes below 385.2, then a intra day sell could be more profitable.
If you take a sell trade below 385.2, then use 385.2 as stoploss and 364.7 as target. However if you take a buy trade in stock , then use 385.2 as stoploss and 409.8 as target.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	336.10
Downside Target	350.05
Downside Target	364.35
Downside Target	391.15
Upside Target	391.35
Upside Target	401.10
Upside Target	414.25
Upside Target	414.40
Upside Target	421.85
Upside Target	430.60

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	385.2
Downside Intraday Target	379.1
Upside Intraday Target	399.25
Upside Intraday Target	407.2
Upside Intraday Target	393.15

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	391.30	398.05	401.10	387.05	0.162 times
12 Fri Apr 2024	403.15	381.05	414.40	377.10	1.465 times
05 Fri Apr 2024	380.15	354.95	382.40	350.05	0.834 times
28 Thu Mar 2024	347.75	362.65	364.35	341.80	1.508 times
22 Fri Mar 2024	366.15	345.35	373.20	340.15	0.633 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 Sumitomo Chem (SUMICHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	391.30	354.95	414.40	350.05	0.673 times
28 Thu Mar 2024	347.75	375.65	379.95	336.10	1.324 times
29 Thu Feb 2024	374.15	413.10	414.25	370.00	0.394 times
31 Wed Jan 2024	415.60	405.40	430.60	391.35	2.464 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 Sumitomo Chem (SUMICHEM)

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short 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 Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem ( (SUMICHEM) ) based on a mid to longer 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.

ADX buy sell signal for Sumitomo Chem stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sumitomo Chem in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sumitomo Chem Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sumitomo Chem in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 Sumitomo Chem is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 388.41 and Sumitomo Chem (SUMICHEM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Sumitomo Chem (SUMICHEM) stock. Volume based technical analysis of Sumitomo Chem (SUMICHEM) stock is negative.

Sumitomo Chem Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

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