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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 2024-07-26 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 723039

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	504.45	499.50	516.00	499.05	0.69 times
25 Thu Jul 2024	497.95	499.90	508.75	495.00	0.428 times
24 Wed Jul 2024	499.90	510.00	515.95	498.05	0.488 times
23 Tue Jul 2024	517.70	517.90	523.50	488.55	1.173 times
22 Mon Jul 2024	517.60	495.95	522.50	487.35	2.674 times
19 Fri Jul 2024	499.10	509.20	509.90	495.70	0.974 times
18 Thu Jul 2024	505.20	498.05	507.20	495.85	0.902 times
16 Tue Jul 2024	498.40	503.90	509.00	496.35	0.586 times
15 Mon Jul 2024	502.50	507.00	509.45	493.75	0.667 times
12 Fri Jul 2024	502.60	495.50	506.00	493.00	1.418 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 508.8 as stoploss in an intra day sell trade for a target of 498.84. However, stock will show a bullish move above 508.8.

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
Downside 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	486.7
Downside Intraday Target	468.95
Upside Intraday Target	522.85
Upside Intraday Target	541.25
Upside Intraday Target	505.1

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	504.45	495.95	523.50	487.35	1.743 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 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
26 Fri Jul 2024	504.45	481.95	523.50	477.00	1.129 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 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 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 gaining 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 buy signal for Sumitomo Chem in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 507.82 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.