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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 2024-09-09 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 639840

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	531.80	538.25	539.00	523.10	0.669 times
06 Fri Sep 2024	538.25	521.00	548.30	519.20	3.558 times
05 Thu Sep 2024	516.95	522.35	528.80	513.10	0.692 times
04 Wed Sep 2024	519.35	506.35	526.60	501.35	1.092 times
03 Tue Sep 2024	507.35	513.90	519.15	506.00	0.52 times
02 Mon Sep 2024	512.45	513.00	523.90	511.15	0.656 times
30 Fri Aug 2024	511.35	529.90	530.00	507.05	0.944 times
29 Thu Aug 2024	524.80	532.00	537.30	522.05	0.573 times
28 Wed Aug 2024	529.95	532.00	546.45	527.65	0.751 times
27 Tue Aug 2024	529.40	525.05	542.30	525.05	0.846 times

My analysis of stock is bullish for shortterm, and stock might move up till 538.7 or till 551. Use a stoploss of 528.47 and if this stock hits its stoploss, then it can fall down till 518.21

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
Downside Target	523.10
Upside Target	539.00
Upside Target	546.45
Upside Target	546.90
Upside Target	548.30
Upside Target	548.95
Upside Target	567.35

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	523.6
Downside Intraday Target	515.4
Upside Intraday Target	539.5
Upside Intraday Target	547.2
Downside Intraday Target	531.3

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	531.80	538.25	539.00	523.10	0.103 times
06 Fri Sep 2024	538.25	513.00	548.30	501.35	1.872 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

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
09 Mon Sep 2024	531.80	513.00	548.30	501.35	0.311 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 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 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 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 BUY. Signal strength is Strong and stock is losing 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 and the buying is gaining 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 526.65 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.