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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 376189

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu May 2025	507.55	517.55	522.20	503.10	0.45 times
07 Wed May 2025	517.55	495.05	519.95	495.05	0.664 times
06 Tue May 2025	501.45	509.50	524.65	499.10	0.819 times
05 Mon May 2025	514.20	527.20	528.85	513.00	0.395 times
02 Fri May 2025	524.45	510.00	529.45	509.50	0.957 times
30 Wed Apr 2025	508.60	503.00	514.60	496.35	1.505 times
29 Tue Apr 2025	504.80	513.70	520.30	502.20	1.095 times
28 Mon Apr 2025	510.05	506.50	524.75	506.50	1.003 times
25 Fri Apr 2025	512.80	533.35	536.20	510.80	1.25 times
24 Thu Apr 2025	533.35	548.00	548.55	529.35	1.518 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 512, but if it comes above 512, then a intra day buy could be more profitable.
If you take a sell trade below 512, then use 512 as stoploss and 485.6 as target. However if you take a buy trade in stock , then use 512 as stoploss and 534 as target.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	446.20
Downside Target	495.05
Upside Target	528.85
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	492.12
Downside Intraday Target	476.68
Upside Intraday Target	525.92
Upside Intraday Target	544.28
Upside Intraday Target	510.48

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu May 2025	507.55	527.20	528.85	495.05	0.511 times
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

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 Thu May 2025	507.55	510.00	529.45	495.05	0.137 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 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 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 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 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 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 SELL signal in short term and selling is picking up 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 514.51 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.