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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 2024-06-27 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 887598

Date Daily Closing Price Open High Low Volume
27 Thu Jun 2024 478.00 483.00 487.25 475.50 0.318 times
26 Wed Jun 2024 483.00 482.00 487.90 478.70 0.212 times
25 Tue Jun 2024 480.75 492.00 492.45 479.00 0.172 times
24 Mon Jun 2024 488.50 492.00 497.55 481.20 0.492 times
21 Fri Jun 2024 492.50 499.50 502.95 486.35 2.129 times
20 Thu Jun 2024 496.35 473.30 503.00 470.30 1.772 times
19 Wed Jun 2024 473.75 480.00 491.70 469.35 1.696 times
18 Tue Jun 2024 478.65 505.95 510.75 476.30 1.352 times
14 Fri Jun 2024 497.55 490.00 503.95 488.10 0.82 times
13 Thu Jun 2024 488.90 489.00 491.25 479.80 0.395 times

My analysis of stock is bearish for shortterm, and stock might move down till 471.1 or till 458. Use a stoploss of 482.07 and if the stock hits stoploss, then it can shoot up till 493.03

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 469.82
Downside Intraday Target 461.63
Upside Intraday Target 491.87
Upside Intraday Target 505.73
Upside Intraday Target 483.68

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date Weekly Closing Price Open High Low Volume
27 Thu Jun 2024 478.00 492.00 497.55 475.50 0.172 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
27 Thu Jun 2024 478.00 472.00 510.75 426.80 0.556 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 to mid 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

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 and the buying is gaining 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 486.99 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.

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 to mid 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

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 and the buying is gaining 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 486.99 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.

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