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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 2024-07-31 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 906095

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	518.75	520.00	546.90	516.65	2.149 times
30 Tue Jul 2024	518.20	533.75	535.50	516.45	0.489 times
29 Mon Jul 2024	533.75	534.15	540.45	518.05	3.195 times
26 Fri Jul 2024	504.45	499.50	516.00	499.05	0.551 times
25 Thu Jul 2024	497.95	499.90	508.75	495.00	0.341 times
24 Wed Jul 2024	499.90	510.00	515.95	498.05	0.39 times
23 Tue Jul 2024	517.70	517.90	523.50	488.55	0.936 times
22 Mon Jul 2024	517.60	495.95	522.50	487.35	2.134 times
19 Fri Jul 2024	499.10	509.20	509.90	495.70	0.777 times
18 Thu Jul 2024	505.20	498.05	507.20	495.85	0.719 times

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

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 515, but if it comes below 515, then a intra day sell could be more profitable.
If you take a sell trade below 515, then use 515 as stoploss and 503.81 as target. However if you take a buy trade in stock , then use 515 as stoploss and 528.5 as target.

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	477.00
Downside Target	509.70
Downside Target	510.75
Downside Target	516.45
Downside Target	517.70
Upside Target	523.50
Upside Target	546.90

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	507.83
Downside Intraday Target	496.92
Upside Intraday Target	538.28
Upside Intraday Target	557.82
Upside Intraday Target	527.37

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	518.75	534.15	546.90	516.45	1.34 times
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

Price has moved up 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
31 Wed Jul 2024	518.75	481.95	546.90	477.00	1.458 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 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 BUY signal for Sumitomo Chem in short term and the buy signal is strong.

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 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 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 518.48 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.