(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 2024-05-13 View latest technical analysis
10 day averaged volume of Sumitomo Chem is 200228
Date | Daily Closing Price | Open | High | Low | Volume |
13 Mon May 2024 | 387.05 | 384.65 | 390.00 | 380.05 | 0.789 times |
10 Fri May 2024 | 384.55 | 387.40 | 390.15 | 383.45 | 0.409 times |
09 Thu May 2024 | 386.25 | 394.95 | 398.00 | 384.60 | 0.875 times |
08 Wed May 2024 | 394.10 | 398.00 | 405.00 | 392.25 | 0.941 times |
07 Tue May 2024 | 399.55 | 399.30 | 401.20 | 390.00 | 0.88 times |
06 Mon May 2024 | 398.55 | 403.95 | 403.95 | 394.00 | 0.637 times |
03 Fri May 2024 | 403.15 | 402.60 | 404.30 | 393.35 | 1.48 times |
02 Thu May 2024 | 401.50 | 401.90 | 405.70 | 396.00 | 1.138 times |
30 Tue Apr 2024 | 401.10 | 402.55 | 405.30 | 395.50 | 1.311 times |
29 Mon Apr 2024 | 401.30 | 406.20 | 406.20 | 399.00 | 0.822 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 391.4, but if it comes above 391.4, then a intra day buy could be more profitable.
If you take a sell trade below 391.4, then use 391.4 as stoploss and 383.2 as target. However if you take a buy trade in stock , then use 391.4 as stoploss and 398.17 as target.
Share price targets for Sumitomo Chem (SUMICHEM)
Target Type | Value |
Downside Target | 336.10 |
Downside Target | 350.05 |
Downside Target | 370.00 |
Downside Target | 379.95 |
Upside Target | 405.00 |
Upside Target | 405.70 |
Upside Target | 406.20 |
Upside Target | 411.00 |
Upside Target | 413.50 |
Upside Target | 414.25 |
Upside Target | 414.40 |
Upside Target | 430.60 |
Intraday share price targets for Sumitomo Chem (SUMICHEM)
Target Type | Value |
Downside Intraday Target | 381.4 |
Downside Intraday Target | 375.75 |
Upside Intraday Target | 391.35 |
Upside Intraday Target | 395.65 |
Downside Intraday Target | 385.7 |
Weekly technical analysis of Sumitomo Chem (SUMICHEM)
Date | Weekly Closing Price | Open | High | Low | Volume |
13 Mon May 2024 | 387.05 | 384.65 | 390.00 | 380.05 | 0.211 times |
10 Fri May 2024 | 384.55 | 403.95 | 405.00 | 383.45 | 0.788 times |
03 Fri May 2024 | 403.15 | 406.20 | 406.20 | 393.35 | 0.686 times |
26 Fri Apr 2024 | 404.25 | 410.00 | 413.50 | 398.10 | 1.006 times |
19 Fri Apr 2024 | 401.35 | 398.05 | 411.00 | 387.05 | 0.523 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 |
13 Mon May 2024 | 387.05 | 401.90 | 405.70 | 380.05 | 0.188 times |
30 Tue Apr 2024 | 401.10 | 354.95 | 414.40 | 350.05 | 1.056 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 |
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 Sumitomo Chem (SUMICHEM)
Price action analysis of Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem ( (SUMICHEM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Sumitomo Chem stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Sumitomo Chem in short term but the sell signal is initial and weak.
Sumitomo Chem Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Sumitomo Chem in short term and SELL signal is strong!
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 397.14 and Sumitomo Chem (SUMICHEM) 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 Sumitomo Chem (SUMICHEM) stock. Volume based technical analysis of Sumitomo Chem (SUMICHEM) stock is negative.
Sumitomo Chem Stock has given negative 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 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 Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem ( (SUMICHEM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Sumitomo Chem stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Sumitomo Chem in short term but the sell signal is initial and weak.
Sumitomo Chem Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Sumitomo Chem in short term and SELL signal is strong!
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 397.14 and Sumitomo Chem (SUMICHEM) 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 Sumitomo Chem (SUMICHEM) stock. Volume based technical analysis of Sumitomo Chem (SUMICHEM) stock is negative.
Sumitomo Chem Stock has given negative 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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