Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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)

10 day averaged volume of Sumitomo Chem is 221676

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	394.10	398.00	405.00	392.25	0.85 times
07 Tue May 2024	399.55	399.30	401.20	390.00	0.795 times
06 Mon May 2024	398.55	403.95	403.95	394.00	0.575 times
03 Fri May 2024	403.15	402.60	404.30	393.35	1.336 times
02 Thu May 2024	401.50	401.90	405.70	396.00	1.028 times
30 Tue Apr 2024	401.10	402.55	405.30	395.50	1.184 times
29 Mon Apr 2024	401.30	406.20	406.20	399.00	0.743 times
26 Fri Apr 2024	404.25	410.50	411.15	402.25	1.361 times
25 Thu Apr 2024	407.05	400.40	409.50	399.35	1.199 times
24 Wed Apr 2024	399.70	403.00	406.30	398.10	0.693 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 393.4 as stoploss in an intra day buy trade for a target of 399.3. However, stock will show a bearish move below 393.4.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	336.10
Downside Target	350.05
Downside Target	370.00
Upside Target	405.70
Upside Target	406.20
Upside Target	411.00
Upside Target	413.50
Upside Target	414.25
Upside Target	414.40
Upside Target	430.60

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	387.73
Downside Intraday Target	381.37
Upside Intraday Target	402.73
Upside Intraday Target	411.37
Upside Intraday Target	396.37

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	394.10	403.95	405.00	390.00	0.517 times
03 Fri May 2024	403.15	406.20	406.20	393.35	0.686 times
26 Fri Apr 2024	404.25	410.00	413.50	398.10	1.006 times
19 Fri Apr 2024	401.35	398.05	411.00	387.05	0.523 times
12 Fri Apr 2024	403.15	381.05	414.40	377.10	1.465 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
08 Wed May 2024	394.10	401.90	405.70	390.00	0.133 times
30 Tue Apr 2024	401.10	354.95	414.40	350.05	1.056 times
28 Thu Mar 2024	347.75	375.65	379.95	336.10	1.324 times
29 Thu Feb 2024	374.15	413.10	414.25	370.00	0.394 times

Scroll below to view daily charts

Price has moved down 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 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 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 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 getting stronger in this stock.

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

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 positive zone. This is a BUY 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 401.62 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.