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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 418972

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	407.05	400.40	409.50	399.35	0.634 times
24 Wed Apr 2024	399.70	403.00	406.30	398.10	0.367 times
23 Tue Apr 2024	402.30	412.00	412.00	401.55	0.574 times
22 Mon Apr 2024	408.20	410.00	413.50	404.75	1.012 times
19 Fri Apr 2024	401.35	396.00	411.00	390.30	1.208 times
18 Thu Apr 2024	399.85	392.75	404.35	390.15	0.729 times
16 Tue Apr 2024	389.20	391.05	395.05	388.00	0.332 times
15 Mon Apr 2024	391.30	398.05	401.10	387.05	1.017 times
12 Fri Apr 2024	403.15	404.35	408.90	400.15	1.464 times
10 Wed Apr 2024	404.35	385.45	414.40	382.25	2.884 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 404.1, but if it comes below 404.1, then a intra day sell could be more profitable.
If you take a sell trade below 404.1, then use 404.1 as stoploss and 383.29 as target. However if you take a buy trade in stock , then use 404.1 as stoploss and 429 as target.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	336.10
Downside Target	350.05
Downside Target	364.35
Downside Target	398.10
Upside Target	411.00
Upside Target	413.50
Upside Target	414.25
Upside Target	414.40
Upside Target	421.85
Upside Target	430.60

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	398.93
Downside Intraday Target	390.82
Upside Intraday Target	414.33
Upside Intraday Target	421.62
Downside Intraday Target	406.22

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	407.05	410.00	413.50	398.10	0.787 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
05 Fri Apr 2024	380.15	354.95	382.40	350.05	0.834 times
28 Thu Mar 2024	347.75	362.65	364.35	341.80	1.508 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
25 Thu Apr 2024	407.05	354.95	414.40	350.05	0.955 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
31 Wed Jan 2024	415.60	405.40	430.60	391.35	2.464 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 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 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 gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Sumitomo Chem in short term and BUY signal is strong.

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 401.98 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.