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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 2024-05-31 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 2529171

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	463.65	476.25	480.00	461.05	0.465 times
30 Thu May 2024	476.70	487.00	487.85	473.00	0.572 times
29 Wed May 2024	489.55	451.15	498.00	449.20	2.084 times
28 Tue May 2024	449.00	457.90	482.00	445.25	5.142 times
27 Mon May 2024	441.00	443.00	449.00	435.00	0.231 times
24 Fri May 2024	440.30	440.85	446.00	432.40	0.36 times
23 Thu May 2024	436.50	422.70	442.90	421.50	0.759 times
22 Wed May 2024	419.65	414.80	421.35	404.55	0.313 times
21 Tue May 2024	412.60	405.00	419.50	400.50	0.23 times
18 Sat May 2024	405.75	412.00	412.75	404.00	0.016 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 450, but if it comes below 450, then a intra day sell could be more profitable.
If you take a sell trade below 450, then use 450 as stoploss and 419.03 as target. However if you take a buy trade in stock , then use 450 as stoploss and 487.1 as target.

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
Downside Target	446.00
Upside Target	498.00

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	433.1
Downside Intraday Target	402.55
Upside Intraday Target	496.1
Upside Intraday Target	528.55
Upside Intraday Target	465.55

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	463.65	443.00	498.00	435.00	5.113 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, 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
31 Fri May 2024	463.65	401.90	498.00	380.05	3.741 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, and volume has increased substantially. This means that the move can 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 losing 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 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 456.32 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.