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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 2025-05-02 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 441301

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri May 2025	524.45	510.00	529.45	509.50	0.816 times
30 Wed Apr 2025	508.60	503.00	514.60	496.35	1.283 times
29 Tue Apr 2025	504.80	513.70	520.30	502.20	0.934 times
28 Mon Apr 2025	510.05	506.50	524.75	506.50	0.855 times
25 Fri Apr 2025	512.80	533.35	536.20	510.80	1.065 times
24 Thu Apr 2025	533.35	548.00	548.55	529.35	1.294 times
23 Wed Apr 2025	551.15	561.90	563.05	549.30	0.678 times
22 Tue Apr 2025	554.45	555.50	572.00	549.20	1.9 times
21 Mon Apr 2025	552.95	552.85	561.80	551.00	0.538 times
17 Thu Apr 2025	552.85	560.00	565.90	550.55	0.57 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 523.8 as stoploss in an intra day buy trade for a target of 544.81. However, stock will show a bearish move below 523.8.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	446.20
Downside Target	496.35
Upside Target	529.45
Upside Target	545.50
Upside Target	548.75
Upside Target	549.00
Upside Target	568.95
Upside Target	572.00
Upside Target	574.00
Upside Target	576.85
Upside Target	579.45

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	504.05
Downside Intraday Target	483.65
Upside Intraday Target	537.15
Upside Intraday Target	549.85
Downside Intraday Target	516.75

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri May 2025	524.45	506.50	529.45	496.35	0.71 times
25 Fri Apr 2025	512.80	552.85	572.00	510.80	1.804 times
17 Thu Apr 2025	552.85	576.85	576.85	548.75	0.926 times
11 Fri Apr 2025	565.25	502.00	574.00	502.00	0.59 times
04 Fri Apr 2025	560.15	550.05	579.45	548.35	1.117 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
02 Fri May 2025	524.45	510.00	529.45	509.50	0.04 times
30 Wed Apr 2025	508.60	550.05	579.45	496.35	1.489 times
28 Fri Mar 2025	559.35	457.00	568.95	446.20	0.777 times
28 Fri Feb 2025	460.60	506.95	549.00	452.80	0.592 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Sumitomo Chem stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Sumitomo Chem in short term and the sell signal is strong.

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 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 529.96 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.