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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 2024-07-25 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 756094

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	497.95	499.90	508.75	495.00	0.409 times
24 Wed Jul 2024	499.90	510.00	515.95	498.05	0.467 times
23 Tue Jul 2024	517.70	517.90	523.50	488.55	1.122 times
22 Mon Jul 2024	517.60	495.95	522.50	487.35	2.557 times
19 Fri Jul 2024	499.10	509.20	509.90	495.70	0.931 times
18 Thu Jul 2024	505.20	498.05	507.20	495.85	0.862 times
16 Tue Jul 2024	498.40	503.90	509.00	496.35	0.56 times
15 Mon Jul 2024	502.50	507.00	509.45	493.75	0.638 times
12 Fri Jul 2024	502.60	495.50	506.00	493.00	1.356 times
11 Thu Jul 2024	495.50	488.80	503.30	488.80	0.66 times

My analysis of stock is bullish for shortterm, and stock might move up till 508.3 or till 521.3. Use a stoploss of 497.52 and if this stock hits its stoploss, then it can fall down till 486.72

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	475.50
Upside Target	498.00
Upside Target	509.70
Upside Target	509.90
Upside Target	510.75
Upside Target	517.70
Upside Target	523.50

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	482.37
Downside Intraday Target	466.78
Upside Intraday Target	518.52
Upside Intraday Target	539.08
Upside Intraday Target	502.93

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	497.95	495.95	523.50	487.35	1.522 times
19 Fri Jul 2024	499.10	507.00	509.90	493.75	0.472 times
12 Fri Jul 2024	502.60	491.00	509.70	482.85	0.669 times
05 Fri Jul 2024	489.55	481.95	517.70	477.00	5.558 times
28 Fri Jun 2024	480.00	492.00	497.55	475.50	0.209 times

Price has moved down 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
25 Thu Jul 2024	497.95	481.95	523.50	477.00	1.098 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 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 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 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 tired and bears are picking up momentum.

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 507.2 and Sumitomo Chem (SUMICHEM) stock is trading below this level. This means that stock is falling with high volumes. 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.