Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-16 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 877340

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	538.35	538.00	546.10	524.70	0.681 times
14 Wed Aug 2024	536.40	531.85	548.95	524.25	1.294 times
13 Tue Aug 2024	526.60	539.65	545.95	524.00	0.892 times
12 Mon Aug 2024	537.15	516.40	539.00	508.35	1.223 times
09 Fri Aug 2024	516.40	512.10	527.40	512.10	0.666 times
08 Thu Aug 2024	509.95	505.00	520.50	504.45	0.589 times
07 Wed Aug 2024	505.00	497.50	510.30	491.10	2.185 times
06 Tue Aug 2024	492.80	495.35	514.00	490.90	0.677 times
05 Mon Aug 2024	493.45	504.95	512.30	488.85	0.903 times
02 Fri Aug 2024	510.65	509.00	517.15	506.75	1.038 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 528.5, but if it comes below 528.5, then a intra day sell could be more profitable.
If you take a sell trade below 528.5, then use 528.5 as stoploss and 514.39 as target. However if you take a buy trade in stock , then use 528.5 as stoploss and 545.5 as target.

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	487.35
Downside Target	510.75
Downside Target	523.50
Downside Target	527.40
Upside Target	546.90
Upside Target	548.95

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	514.82
Downside Intraday Target	491.28
Upside Intraday Target	555.42
Upside Intraday Target	572.48
Downside Intraday Target	531.88

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	538.35	516.40	548.95	508.35	0.815 times
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

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
16 Fri Aug 2024	538.35	520.75	548.95	488.85	0.4 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sumitomo Chem Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 SELL signal for Sumitomo Chem in short term but SELL signal is weak.

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 516.79 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.