(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 2024-05-15 View latest technical analysis
10 day averaged volume of Sumitomo Chem is 198386
Date | Daily Closing Price | Open | High | Low | Volume |
15 Wed May 2024 | 393.55 | 400.25 | 402.05 | 391.20 | 1.224 times |
14 Tue May 2024 | 399.50 | 393.40 | 406.00 | 388.05 | 1.461 times |
13 Mon May 2024 | 387.05 | 384.65 | 390.00 | 380.05 | 0.796 times |
10 Fri May 2024 | 384.55 | 387.40 | 390.15 | 383.45 | 0.413 times |
09 Thu May 2024 | 386.25 | 394.95 | 398.00 | 384.60 | 0.883 times |
08 Wed May 2024 | 394.10 | 398.00 | 405.00 | 392.25 | 0.95 times |
07 Tue May 2024 | 399.55 | 399.30 | 401.20 | 390.00 | 0.888 times |
06 Mon May 2024 | 398.55 | 403.95 | 403.95 | 394.00 | 0.643 times |
03 Fri May 2024 | 403.15 | 402.60 | 404.30 | 393.35 | 1.493 times |
02 Thu May 2024 | 401.50 | 401.90 | 405.70 | 396.00 | 1.149 times |
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 391.5 as stoploss in an intra day buy trade for a target of 398.1. However, stock will show a bearish move below 391.5.
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 | 380.4 |
Downside Intraday Target | 367.25 |
Upside Intraday Target | 406.35 |
Upside Intraday Target | 419.15 |
Downside Intraday Target | 393.2 |
Weekly technical analysis of Sumitomo Chem (SUMICHEM)
Date | Weekly Closing Price | Open | High | Low | Volume |
15 Wed May 2024 | 393.55 | 384.65 | 406.00 | 380.05 | 0.922 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 |
15 Wed May 2024 | 393.55 | 401.90 | 406.00 | 380.05 | 0.258 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 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 Sumitomo Chem ( (SUMICHEM) ) based on a short 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.
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 losing momentum.
MACD generated a SELL signal for Sumitomo Chem in short term but the sell signal is initial and weak.
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. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below 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 396.17 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 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 Sumitomo Chem ( (SUMICHEM) ) based on a short 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.
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 losing momentum.
MACD generated a SELL signal for Sumitomo Chem in short term but the sell signal is initial and weak.
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. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below 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 396.17 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
Click here for further forecast and predictions for tomorrow
Daily charts
COMMODITY Gainers BSE Gainers BSE Losers BSE Scanner CLOSED NEAR HIGH BSE Scanner CLOSED NEAR LOW USA Gainers USA Losers USA Scanner CLOSED NEAR HIGH USA Scanner CLOSED NEAR LOW USA Scanner UPTRENDING USA Scanner DOWNTRENDING
Munafa NEWSTerms of Use Stock Market News! © munafa.org.in2024 All Rights reserved.