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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 2024-09-10 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 659024

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	608.85	533.65	628.30	533.00	14.626 times
09 Mon Sep 2024	531.80	538.25	539.00	523.10	0.649 times
06 Fri Sep 2024	538.25	521.00	548.30	519.20	3.455 times
05 Thu Sep 2024	516.95	522.35	528.80	513.10	0.672 times
04 Wed Sep 2024	519.35	506.35	526.60	501.35	1.06 times
03 Tue Sep 2024	507.35	513.90	519.15	506.00	0.505 times
02 Mon Sep 2024	512.45	513.00	523.90	511.15	0.637 times
30 Fri Aug 2024	511.35	529.90	530.00	507.05	0.917 times
29 Thu Aug 2024	524.80	532.00	537.30	522.05	0.556 times
28 Wed Aug 2024	529.95	532.00	546.45	527.65	0.729 times

Stock of Sumitomo Chem (SUMICHEM) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 576.7, for a target of 552.3 or 532.06

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
Downside Target	546.45
Downside Target	546.90
Downside Target	548.30
Downside Target	548.95
Downside Target	567.35
Upside Target	628.30

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	545.2
Downside Intraday Target	481.55
Upside Intraday Target	650.4
Upside Intraday Target	691.95
Downside Intraday Target	586.75

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	608.85	538.25	628.30	523.10	2.414 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	608.85	513.00	628.30	501.35	0.962 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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 stronger in this stock.

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

CCI has generated a buy signal for Sumitomo Chem in short term and BUY signal is strong.

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

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 577.06 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.