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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 2024-05-27 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 575000

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon May 2024	441.00	443.00	449.00	435.00	1.018 times
24 Fri May 2024	440.30	440.85	446.00	432.40	1.581 times
23 Thu May 2024	436.50	422.70	442.90	421.50	3.34 times
22 Wed May 2024	419.65	414.80	421.35	404.55	1.376 times
21 Tue May 2024	412.60	405.00	419.50	400.50	1.011 times
18 Sat May 2024	405.75	412.00	412.75	404.00	0.072 times
17 Fri May 2024	409.55	394.35	412.00	392.65	1.284 times
16 Thu May 2024	393.30	395.50	396.50	391.85	0.135 times
15 Wed May 2024	393.55	400.25	402.05	391.20	0.422 times
14 Tue May 2024	399.50	393.40	406.00	388.05	0.504 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 441.8, for a target of 421.9 or 405.44

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
Downside Target	391.35
Downside Target	414.25
Downside Target	414.40
Downside Target	430.60
Downside Target	435.00
Upside Target	446.00
Upside Target	449.00

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	434.33
Downside Intraday Target	427.67
Upside Intraday Target	448.33
Upside Intraday Target	455.67
Upside Intraday Target	441.67

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon May 2024	441.00	443.00	449.00	435.00	0.139 times
24 Fri May 2024	440.30	405.00	446.00	400.50	2.715 times
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

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
27 Mon May 2024	441.00	401.90	449.00	380.05	0.998 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 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 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 tired and bears 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 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 425.69 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.