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(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 2024-05-16 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 196422

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	393.30	395.50	396.50	391.85	0.394 times
15 Wed May 2024	393.55	400.25	402.05	391.20	1.236 times
14 Tue May 2024	399.50	393.40	406.00	388.05	1.476 times
13 Mon May 2024	387.05	384.65	390.00	380.05	0.804 times
10 Fri May 2024	384.55	387.40	390.15	383.45	0.417 times
09 Thu May 2024	386.25	394.95	398.00	384.60	0.892 times
08 Wed May 2024	394.10	398.00	405.00	392.25	0.959 times
07 Tue May 2024	399.55	399.30	401.20	390.00	0.897 times
06 Mon May 2024	398.55	403.95	403.95	394.00	0.649 times
03 Fri May 2024	403.15	402.60	404.30	393.35	1.508 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 391.9 as stoploss in an intra day buy trade for a target of 398.31. However, stock will show a bearish move below 391.9.

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	380.23
Downside Intraday Target	367.17
Upside Intraday Target	406.18
Upside Intraday Target	419.07
Downside Intraday Target	393.12

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	393.30	384.65	406.00	380.05	1.025 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
16 Thu May 2024	393.30	401.90	406.00	380.05	0.268 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 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 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 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 gaining 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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 395.37 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.