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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 2024-06-03 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 2572967

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	464.20	472.00	478.45	452.00	0.58 times
31 Fri May 2024	463.65	476.25	480.00	461.05	0.457 times
30 Thu May 2024	476.70	487.00	487.85	473.00	0.562 times
29 Wed May 2024	489.55	451.15	498.00	449.20	2.049 times
28 Tue May 2024	449.00	457.90	482.00	445.25	5.055 times
27 Mon May 2024	441.00	443.00	449.00	435.00	0.227 times
24 Fri May 2024	440.30	440.85	446.00	432.40	0.353 times
23 Thu May 2024	436.50	422.70	442.90	421.50	0.746 times
22 Wed May 2024	419.65	414.80	421.35	404.55	0.307 times
21 Tue May 2024	412.60	405.00	419.50	400.50	0.226 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 454.4, but if it comes below 454.4, then a intra day sell could be more profitable.
If you take a sell trade below 454.4, then use 454.4 as stoploss and 422.32 as target. However if you take a buy trade in stock , then use 454.4 as stoploss and 492.8 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	400.50
Downside Target	435.00
Downside Target	446.00
Downside Target	452.00
Upside Target	478.45
Upside Target	498.00

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	451.32
Downside Intraday Target	438.43
Upside Intraday Target	477.77
Upside Intraday Target	491.33
Upside Intraday Target	464.88

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	464.20	472.00	478.45	452.00	0.069 times
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

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
03 Mon Jun 2024	464.20	472.00	478.45	452.00	0.052 times
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

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 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 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 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 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 456.83 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.