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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)

10 day averaged volume of Sumitomo Chem is 455353

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri May 2025	506.75	502.80	513.05	501.00	0.563 times
29 Thu May 2025	502.85	510.05	512.40	498.00	1.699 times
28 Wed May 2025	510.00	504.00	520.95	501.05	1.757 times
27 Tue May 2025	503.20	523.00	528.45	501.10	2.574 times
26 Mon May 2025	534.05	530.10	537.80	523.45	0.608 times
23 Fri May 2025	531.40	533.00	536.15	528.20	0.274 times
22 Thu May 2025	531.55	533.00	538.35	528.80	0.262 times
21 Wed May 2025	534.70	539.20	544.00	531.25	0.481 times
20 Tue May 2025	539.15	532.15	549.30	529.95	1.036 times
19 Mon May 2025	532.15	541.45	542.00	526.70	0.397 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 506.9, but if it comes above 506.9, then a intra day buy could be more profitable.
If you take a sell trade below 506.9, then use 506.9 as stoploss and 491.4 as target. However if you take a buy trade in stock , then use 506.9 as stoploss and 519.81 as target.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	446.20
Downside Target	495.05
Upside Target	515.05
Upside Target	526.70
Upside Target	537.80
Upside Target	542.80
Upside Target	545.50
Upside Target	549.00
Upside Target	549.30
Upside Target	568.95
Upside Target	579.45

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	490.57
Downside Intraday Target	474.38
Upside Intraday Target	530.37
Upside Intraday Target	553.98
Upside Intraday Target	514.18

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri May 2025	506.75	530.10	537.80	498.00	2.938 times
23 Fri May 2025	531.40	541.45	549.30	526.70	1.114 times
16 Fri May 2025	538.45	516.00	542.80	515.05	0.98 times
09 Fri May 2025	501.20	527.20	528.85	495.05	0.596 times
02 Fri May 2025	524.45	506.50	529.45	496.35	0.71 times

Price has moved down 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
30 Fri May 2025	506.75	510.00	549.30	495.05	0.752 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Strong 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 red color and prices are below the red 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 and selling is picking up 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 514.72 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.