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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 2024-07-02 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 822647

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	512.60	479.80	515.00	479.80	4.644 times
01 Mon Jul 2024	478.75	481.95	493.90	477.00	0.936 times
28 Fri Jun 2024	480.00	479.95	483.10	476.50	0.277 times
27 Thu Jun 2024	478.00	483.00	487.25	475.50	0.343 times
26 Wed Jun 2024	483.00	482.00	487.90	478.70	0.229 times
25 Tue Jun 2024	480.75	492.00	492.45	479.00	0.186 times
24 Mon Jun 2024	488.50	492.00	497.55	481.20	0.531 times
21 Fri Jun 2024	492.50	499.50	502.95	486.35	2.297 times
20 Thu Jun 2024	496.35	473.30	503.00	470.30	1.912 times
19 Wed Jun 2024	473.75	480.00	491.70	469.35	1.83 times

Stock of Sumitomo Chem (SUMICHEM) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 509.7, for a target of 496.5 or 485.41

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	336.10
Downside Target	350.05
Downside Target	379.95
Downside Target	414.40
Downside Target	426.80
Downside Target	469.35
Downside Target	497.55
Downside Target	500.00
Downside Target	506.00
Downside Target	510.75
Upside Target	515.00

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	488.07
Downside Intraday Target	463.53
Upside Intraday Target	526.07
Upside Intraday Target	539.53
Downside Intraday Target	501.53

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	512.60	481.95	515.00	477.00	3.563 times
28 Fri Jun 2024	480.00	492.00	497.55	475.50	0.209 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

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
02 Tue Jul 2024	512.60	481.95	515.00	477.00	0.286 times
28 Fri Jun 2024	480.00	472.00	510.75	426.80	0.564 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 Strong and stock is gaining momentum.

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

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. Bears are weakening, and bulls 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 buy signal for Sumitomo Chem in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 495.43 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.