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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 2024-08-09 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 1098332

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	516.40	512.10	527.40	512.10	0.532 times
08 Thu Aug 2024	509.95	505.00	520.50	504.45	0.471 times
07 Wed Aug 2024	505.00	497.50	510.30	491.10	1.745 times
06 Tue Aug 2024	492.80	495.35	514.00	490.90	0.541 times
05 Mon Aug 2024	493.45	504.95	512.30	488.85	0.721 times
02 Fri Aug 2024	510.65	509.00	517.15	506.75	0.829 times
01 Thu Aug 2024	513.65	520.75	525.60	508.75	0.427 times
31 Wed Jul 2024	518.75	520.00	546.90	516.65	1.773 times
30 Tue Jul 2024	518.20	533.75	535.50	516.45	0.403 times
29 Mon Jul 2024	533.75	534.15	540.45	518.05	2.636 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 518 as stoploss in an intra day sell trade for a target of 507.9. However, stock will show a bullish move above 518.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	350.05
Downside Target	380.05
Downside Target	414.40
Downside Target	426.80
Downside Target	477.00
Downside Target	509.90
Downside Target	510.75
Upside Target	523.50
Upside Target	527.40
Upside Target	546.90

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	494.37
Downside Intraday Target	472.33
Upside Intraday Target	532.92
Upside Intraday Target	549.43
Downside Intraday Target	510.88

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	516.40	504.95	527.40	488.85	0.661 times
02 Fri Aug 2024	510.65	534.15	546.90	506.75	1.69 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

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
09 Fri Aug 2024	516.40	520.75	527.40	488.85	0.247 times
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

Scroll below to view daily charts

Price has moved down 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 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 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 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 515.65 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.