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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 2024-09-18 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 2193424

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	601.05	614.90	615.60	594.05	0.22 times
17 Tue Sep 2024	613.50	593.15	628.00	581.20	1.429 times
16 Mon Sep 2024	592.35	593.45	600.00	581.10	0.192 times
13 Fri Sep 2024	591.80	593.00	602.10	580.30	0.419 times
12 Thu Sep 2024	591.60	583.70	596.60	571.00	0.613 times
11 Wed Sep 2024	581.00	604.00	609.85	576.65	1.199 times
10 Tue Sep 2024	608.85	533.65	628.30	533.00	4.394 times
09 Mon Sep 2024	531.80	538.25	539.00	523.10	0.195 times
06 Fri Sep 2024	538.25	521.00	548.30	519.20	1.038 times
05 Thu Sep 2024	516.95	522.35	528.80	513.10	0.202 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 586.1, but if it comes below 586.1, then a intra day sell could be more profitable.
If you take a sell trade below 586.1, then use 586.1 as stoploss and 550.03 as target. However if you take a buy trade in stock , then use 586.1 as stoploss and 629.4 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
Downside Target	523.10
Downside Target	546.45
Downside Target	548.30
Downside Target	567.35
Downside Target	581.10
Upside Target	628.00
Upside Target	628.30

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	578.77
Downside Intraday Target	556.48
Upside Intraday Target	625.67
Upside Intraday Target	650.28
Upside Intraday Target	603.38

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	601.05	593.45	628.00	581.10	0.27 times
13 Fri Sep 2024	591.80	538.25	628.30	523.10	3.587 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

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
18 Wed Sep 2024	601.05	513.00	628.30	501.35	1.565 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, and volume has increased substantially. This means that the move can 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 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 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 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 losing 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 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 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 593.07 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.