Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-06-26 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 934630

Date	Daily Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	483.00	482.00	487.90	478.70	0.202 times
25 Tue Jun 2024	480.75	492.00	492.45	479.00	0.164 times
24 Mon Jun 2024	488.50	492.00	497.55	481.20	0.468 times
21 Fri Jun 2024	492.50	499.50	502.95	486.35	2.022 times
20 Thu Jun 2024	496.35	473.30	503.00	470.30	1.683 times
19 Wed Jun 2024	473.75	480.00	491.70	469.35	1.611 times
18 Tue Jun 2024	478.65	505.95	510.75	476.30	1.284 times
14 Fri Jun 2024	497.55	490.00	503.95	488.10	0.778 times
13 Thu Jun 2024	488.90	489.00	491.25	479.80	0.375 times
12 Wed Jun 2024	488.10	491.55	493.45	477.20	0.911 times

My analysis of stock is bullish for shortterm, and stock might move up till 493.7 or till 506.9. Use a stoploss of 482.65 and if this stock hits its stoploss, then it can fall down till 471.62

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	414.25
Downside Target	426.80
Downside Target	469.35
Upside Target	497.55
Upside Target	498.00
Upside Target	500.00
Upside Target	506.00
Upside Target	510.75

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	475.28
Downside Intraday Target	467.57
Upside Intraday Target	494.13
Upside Intraday Target	505.27
Upside Intraday Target	486.42

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	483.00	492.00	497.55	478.70	0.126 times
21 Fri Jun 2024	492.50	505.95	510.75	469.35	1.855 times
14 Fri Jun 2024	497.55	484.85	506.00	477.20	0.628 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

Price has moved down 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
26 Wed Jun 2024	483.00	472.00	510.75	426.80	0.546 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short to mid 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Sumitomo Chem in short term but the sell signal is initial and weak.

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. Bears 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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 487.38 and Sumitomo Chem (SUMICHEM) stock is trading below this level. This means that stock is falling with high volumes. 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.