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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 2024-07-04 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 1077047

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	492.95	494.95	500.90	491.35	0.534 times
03 Wed Jul 2024	493.55	515.80	517.70	491.80	1.327 times
02 Tue Jul 2024	512.60	479.80	515.00	479.80	3.547 times
01 Mon Jul 2024	478.75	481.95	493.90	477.00	0.715 times
28 Fri Jun 2024	480.00	479.95	483.10	476.50	0.211 times
27 Thu Jun 2024	478.00	483.00	487.25	475.50	0.262 times
26 Wed Jun 2024	483.00	482.00	487.90	478.70	0.175 times
25 Tue Jun 2024	480.75	492.00	492.45	479.00	0.142 times
24 Mon Jun 2024	488.50	492.00	497.55	481.20	0.406 times
21 Fri Jun 2024	492.50	499.50	502.95	486.35	1.754 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 496.4 as stoploss in an intra day sell trade for a target of 487.48. However, stock will show a bullish move above 496.4.

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
Upside Target	497.55
Upside Target	500.00
Upside Target	506.00
Upside Target	510.75
Upside Target	517.70

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	474.07
Downside Intraday Target	455.18
Upside Intraday Target	514.77
Upside Intraday Target	536.58
Upside Intraday Target	495.88

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	492.95	481.95	517.70	477.00	5.118 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
04 Thu Jul 2024	492.95	481.95	517.70	477.00	0.41 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 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 neutral. A longer time frame might give a better analysis.

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 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. Bulls 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 but SELL signal is weak.

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

Although the stock is in the SELL zone, but selling 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 498.2 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.