(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 2024-04-23 View latest technical analysis
10 day averaged volume of Sumitomo Chem is 513124
Date | Daily Closing Price | Open | High | Low | Volume |
23 Tue Apr 2024 | 402.30 | 412.00 | 412.00 | 401.55 | 0.469 times |
22 Mon Apr 2024 | 408.20 | 410.00 | 413.50 | 404.75 | 0.826 times |
19 Fri Apr 2024 | 401.35 | 396.00 | 411.00 | 390.30 | 0.986 times |
18 Thu Apr 2024 | 399.85 | 392.75 | 404.35 | 390.15 | 0.595 times |
16 Tue Apr 2024 | 389.20 | 391.05 | 395.05 | 388.00 | 0.271 times |
15 Mon Apr 2024 | 391.30 | 398.05 | 401.10 | 387.05 | 0.831 times |
12 Fri Apr 2024 | 403.15 | 404.35 | 408.90 | 400.15 | 1.195 times |
10 Wed Apr 2024 | 404.35 | 385.45 | 414.40 | 382.25 | 2.355 times |
09 Tue Apr 2024 | 385.45 | 390.75 | 391.90 | 383.10 | 0.337 times |
08 Mon Apr 2024 | 390.65 | 381.05 | 393.20 | 377.10 | 1.245 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 399.8, but if it comes below 399.8, then a intra day sell could be more profitable.
If you take a sell trade below 399.8, then use 399.8 as stoploss and 378.57 as target. However if you take a buy trade in stock , then use 399.8 as stoploss and 425.3 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 | 401.55 |
Upside Target | 411.00 |
Upside Target | 413.50 |
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 | 398.07 |
Downside Intraday Target | 393.83 |
Upside Intraday Target | 410.02 |
Upside Intraday Target | 417.73 |
Upside Intraday Target | 405.78 |
Weekly technical analysis of Sumitomo Chem (SUMICHEM)
Date | Weekly Closing Price | Open | High | Low | Volume |
23 Tue Apr 2024 | 402.30 | 410.00 | 413.50 | 401.55 | 0.483 times |
19 Fri Apr 2024 | 401.35 | 398.05 | 411.00 | 387.05 | 0.523 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 |
Price has moved up 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 |
23 Tue Apr 2024 | 402.30 | 354.95 | 414.40 | 350.05 | 0.897 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 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 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 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 positive zone. This is a BUY zone
Stock of Sumitomo Chem is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 399.61 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.
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 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 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 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 positive zone. This is a BUY zone
Stock of Sumitomo Chem is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 399.61 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.
Click here for Sumitomo Chem charts
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Daily charts
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