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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 2024-08-27 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 702683

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	529.40	525.05	542.30	525.05	0.77 times
26 Mon Aug 2024	524.00	532.45	534.90	522.30	0.336 times
23 Fri Aug 2024	532.45	542.25	543.45	530.00	0.383 times
22 Thu Aug 2024	542.25	548.90	567.35	540.10	2.835 times
21 Wed Aug 2024	543.75	538.80	548.00	535.65	0.608 times
20 Tue Aug 2024	536.75	533.65	543.00	530.70	0.431 times
19 Mon Aug 2024	530.10	539.00	541.90	528.30	0.302 times
16 Fri Aug 2024	538.35	538.00	546.10	524.70	0.85 times
14 Wed Aug 2024	536.40	531.85	548.95	524.25	1.615 times
13 Tue Aug 2024	526.60	539.65	545.95	524.00	1.113 times

My analysis of stock is bullish for shortterm, and stock might move up till 537.6 or till 555.4. Use a stoploss of 522.8 and if this stock hits its stoploss, then it can fall down till 507.96

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	488.85
Downside Target	522.30
Upside Target	542.30
Upside Target	546.90
Upside Target	548.95
Upside Target	567.35

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	520.37
Downside Intraday Target	511.33
Upside Intraday Target	540.37
Upside Intraday Target	551.33
Upside Intraday Target	531.33

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	529.40	532.45	542.30	522.30	0.243 times
23 Fri Aug 2024	532.45	539.00	567.35	528.30	0.893 times
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

Price has moved down 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
27 Tue Aug 2024	529.40	520.75	567.35	488.85	0.57 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Sumitomo Chem in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 536.29 and Sumitomo Chem (SUMICHEM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.