(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 2024-05-14 View latest technical analysis
10 day averaged volume of Sumitomo Chem is 185856
Date | Daily Closing Price | Open | High | Low | Volume |
14 Tue May 2024 | 399.50 | 393.40 | 406.00 | 388.05 | 1.56 times |
13 Mon May 2024 | 387.05 | 384.65 | 390.00 | 380.05 | 0.85 times |
10 Fri May 2024 | 384.55 | 387.40 | 390.15 | 383.45 | 0.441 times |
09 Thu May 2024 | 386.25 | 394.95 | 398.00 | 384.60 | 0.943 times |
08 Wed May 2024 | 394.10 | 398.00 | 405.00 | 392.25 | 1.014 times |
07 Tue May 2024 | 399.55 | 399.30 | 401.20 | 390.00 | 0.948 times |
06 Mon May 2024 | 398.55 | 403.95 | 403.95 | 394.00 | 0.686 times |
03 Fri May 2024 | 403.15 | 402.60 | 404.30 | 393.35 | 1.594 times |
02 Thu May 2024 | 401.50 | 401.90 | 405.70 | 396.00 | 1.226 times |
30 Tue Apr 2024 | 401.10 | 402.55 | 405.30 | 395.50 | 1.412 times |
My analysis of stock is bullish for shortterm, and stock might move up till 404.7 or till 412.8. Use a stoploss of 397.99 and if this stock hits its stoploss, then it can fall down till 391.28
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 | 406.00 |
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 | 384.37 |
Downside Intraday Target | 369.23 |
Upside Intraday Target | 410.32 |
Upside Intraday Target | 421.13 |
Downside Intraday Target | 395.18 |
Weekly technical analysis of Sumitomo Chem (SUMICHEM)
Date | Weekly Closing Price | Open | High | Low | Volume |
14 Tue May 2024 | 399.50 | 384.65 | 406.00 | 380.05 | 0.598 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 |
14 Tue May 2024 | 399.50 | 401.90 | 406.00 | 380.05 | 0.226 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 BUY. 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Sumitomo Chem 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 green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Sumitomo Chem 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 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 397.14 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 BUY. 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Sumitomo Chem 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 green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Sumitomo Chem 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 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 397.14 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 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.
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Daily charts
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