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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 2024-09-03 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 563881

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	507.35	513.90	519.15	506.00	0.59 times
02 Mon Sep 2024	512.45	513.00	523.90	511.15	0.744 times
30 Fri Aug 2024	511.35	529.90	530.00	507.05	1.071 times
29 Thu Aug 2024	524.80	532.00	537.30	522.05	0.65 times
28 Wed Aug 2024	529.95	532.00	546.45	527.65	0.852 times
27 Tue Aug 2024	529.40	525.05	542.30	525.05	0.96 times
26 Mon Aug 2024	524.00	532.45	534.90	522.30	0.419 times
23 Fri Aug 2024	532.45	542.25	543.45	530.00	0.478 times
22 Thu Aug 2024	542.25	548.90	567.35	540.10	3.533 times
21 Wed Aug 2024	543.75	538.80	548.00	535.65	0.757 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 510.7, but if it comes above 510.7, then a intra day buy could be more profitable.
If you take a sell trade below 510.7, then use 510.7 as stoploss and 494.2 as target. However if you take a buy trade in stock , then use 510.7 as stoploss and 524.36 as target.

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	500.93
Downside Intraday Target	494.52
Upside Intraday Target	518.83
Upside Intraday Target	530.32
Upside Intraday Target	512.42

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	507.35	513.00	523.90	506.00	0.338 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 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
03 Tue Sep 2024	507.35	513.00	523.90	506.00	0.051 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 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 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 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 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 SELL. Signal strength is Weak 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 coming down

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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 530.19 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.