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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 2024-09-02 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 543125

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	512.45	513.00	523.90	511.15	0.773 times
30 Fri Aug 2024	511.35	529.90	530.00	507.05	1.112 times
29 Thu Aug 2024	524.80	532.00	537.30	522.05	0.674 times
28 Wed Aug 2024	529.95	532.00	546.45	527.65	0.885 times
27 Tue Aug 2024	529.40	525.05	542.30	525.05	0.997 times
26 Mon Aug 2024	524.00	532.45	534.90	522.30	0.435 times
23 Fri Aug 2024	532.45	542.25	543.45	530.00	0.496 times
22 Thu Aug 2024	542.25	548.90	567.35	540.10	3.668 times
21 Wed Aug 2024	543.75	538.80	548.00	535.65	0.786 times
20 Tue Aug 2024	536.75	533.65	543.00	530.70	0.557 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 508.8 as stoploss in an intra day buy trade for a target of 523.67. However, stock will show a bearish move below 508.8.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	380.05
Downside Target	426.80
Downside Target	477.00
Downside Target	488.85
Upside Target	523.90
Upside Target	527.40
Upside Target	528.30
Upside Target	546.45
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	507.77
Downside Intraday Target	503.08
Upside Intraday Target	520.52
Upside Intraday Target	528.58
Upside Intraday Target	515.83

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	512.45	513.00	523.90	511.15	0.188 times
30 Fri Aug 2024	511.35	532.45	546.45	507.05	0.696 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

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
02 Mon Sep 2024	512.45	513.00	523.90	511.15	0.028 times
30 Fri Aug 2024	511.35	520.75	567.35	488.85	0.631 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

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 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 term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short to mid 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 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 Weak and stock is losing 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 SELL signal for Sumitomo Chem in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 531.89 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.