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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 2024-06-12 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 1458642

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	488.10	491.55	493.45	477.20	0.584 times
11 Tue Jun 2024	487.85	500.00	502.70	485.00	0.452 times
10 Mon Jun 2024	495.35	484.85	506.00	480.45	0.505 times
07 Fri Jun 2024	482.80	480.00	487.15	474.10	0.493 times
06 Thu Jun 2024	479.60	491.90	500.00	476.25	0.529 times
05 Wed Jun 2024	489.10	460.85	496.85	443.70	0.808 times
04 Tue Jun 2024	456.15	467.70	467.70	426.80	0.778 times
03 Mon Jun 2024	464.20	472.00	478.45	452.00	1.022 times
31 Fri May 2024	463.65	476.25	480.00	461.05	0.806 times
30 Thu May 2024	476.70	487.00	487.85	473.00	0.992 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 485.9, but if it comes below 485.9, then a intra day sell could be more profitable.
If you take a sell trade below 485.9, then use 485.9 as stoploss and 454.04 as target. However if you take a buy trade in stock , then use 485.9 as stoploss and 524.1 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	400.50
Downside Target	412.75
Downside Target	426.80
Downside Target	446.00
Downside Target	477.20
Upside Target	498.00
Upside Target	500.00
Upside Target	506.00

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	474.87
Downside Intraday Target	461.63
Upside Intraday Target	503.67
Upside Intraday Target	519.23
Upside Intraday Target	490.43

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	488.10	484.85	506.00	477.20	0.424 times
07 Fri Jun 2024	482.80	472.00	500.00	426.80	0.246 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

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
12 Wed Jun 2024	488.10	472.00	506.00	426.80	0.265 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 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.

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 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 476.18 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 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.