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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 2024-09-27 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 932192

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	560.10	548.65	568.50	546.10	1.342 times
26 Thu Sep 2024	548.65	556.40	557.05	545.20	0.25 times
25 Wed Sep 2024	554.80	563.50	569.90	553.00	0.297 times
24 Tue Sep 2024	563.60	572.20	574.90	559.00	0.817 times
23 Mon Sep 2024	566.70	563.00	573.70	553.45	1.027 times
20 Fri Sep 2024	558.90	586.50	591.70	554.20	1.669 times
19 Thu Sep 2024	586.50	604.00	606.00	572.85	0.624 times
18 Wed Sep 2024	601.05	614.90	615.60	594.05	0.518 times
17 Tue Sep 2024	613.50	593.15	628.00	581.20	3.363 times
16 Mon Sep 2024	592.35	593.45	600.00	581.10	0.452 times

My analysis of stock is bearish for shortterm, and stock might move down till 529.8 or till 490.9. Use a stoploss of 562.28 and if the stock hits stoploss, then it can shoot up till 594.72

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	545.20
Downside Target	548.30
Downside Target	554.20
Upside Target	567.35
Upside Target	574.90
Upside Target	628.00
Upside Target	628.30

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	545.23
Downside Intraday Target	530.37
Upside Intraday Target	574.93
Upside Intraday Target	589.77
Downside Intraday Target	560.07

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	560.10	563.00	574.90	545.20	0.563 times
20 Fri Sep 2024	558.90	593.45	628.00	554.20	0.413 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

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
27 Fri Sep 2024	560.10	513.00	628.30	501.35	1.945 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 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 weakening, and bulls are picking up momentum!

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 buy signal for Sumitomo Chem in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 582.79 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.