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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 2024-05-18 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 225579

Date	Daily Closing Price	Open	High	Low	Volume
18 Sat May 2024	405.75	412.00	412.75	404.00	0.183 times
17 Fri May 2024	409.55	394.35	412.00	392.65	3.273 times
16 Thu May 2024	393.30	395.50	396.50	391.85	0.343 times
15 Wed May 2024	393.55	400.25	402.05	391.20	1.076 times
14 Tue May 2024	399.50	393.40	406.00	388.05	1.285 times
13 Mon May 2024	387.05	384.65	390.00	380.05	0.7 times
10 Fri May 2024	384.55	387.40	390.15	383.45	0.363 times
09 Thu May 2024	386.25	394.95	398.00	384.60	0.777 times
08 Wed May 2024	394.10	398.00	405.00	392.25	0.835 times
07 Tue May 2024	399.55	399.30	401.20	390.00	0.781 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 406 as stoploss in an intra day sell trade for a target of 399.01. However, stock will show a bullish move above 406.

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	406.20
Upside Target	411.00
Upside Target	412.75
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	386.28
Downside Intraday Target	366.82
Upside Intraday Target	418.98
Upside Intraday Target	432.22
Downside Intraday Target	399.52

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Sat May 2024	405.75	384.65	412.75	380.05	2.066 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Sat May 2024	405.75	401.90	412.75	380.05	0.37 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 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 negative zone. This is the SELL 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 399.15 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.