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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 537238

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue Jan 2025	497.40	495.00	508.65	485.00	2.289 times
27 Mon Jan 2025	505.85	482.70	517.65	459.35	4.103 times
24 Fri Jan 2025	484.70	482.90	501.00	474.70	0.949 times
23 Thu Jan 2025	481.95	475.00	492.85	474.70	0.411 times
22 Wed Jan 2025	478.25	492.65	493.05	475.10	0.59 times
21 Tue Jan 2025	491.20	496.30	503.90	488.00	0.229 times
20 Mon Jan 2025	496.30	491.15	498.00	488.00	0.674 times
17 Fri Jan 2025	495.00	483.45	499.60	479.75	1.277 times
16 Thu Jan 2025	483.45	478.50	486.00	476.60	0.506 times
15 Wed Jan 2025	476.95	481.00	484.85	474.80	0.65 times

Stock of Sumitomo Chem (SUMICHEM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 476.5 or till 450.6. Use a stoploss of 498.06 and if the stock hits stoploss, then it can shoot up till 519.61

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	457.40
Downside Target	474.70
Downside Target	490.35
Upside Target	517.65
Upside Target	536.90
Upside Target	545.50
Upside Target	552.70
Upside Target	572.10
Upside Target	581.00
Upside Target	593.00
Upside Target	628.30

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	465.28
Downside Intraday Target	433.17
Upside Intraday Target	523.58
Upside Intraday Target	549.77
Downside Intraday Target	491.47

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue Jan 2025	497.40	482.70	517.65	459.35	2.24 times
24 Fri Jan 2025	484.70	491.15	503.90	474.70	0.631 times
17 Fri Jan 2025	495.00	472.00	499.60	457.40	1.467 times
10 Fri Jan 2025	476.05	536.90	536.90	475.00	0.612 times
03 Fri Jan 2025	536.95	519.10	552.70	512.00	3.745 times

Price has moved up 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
28 Tue Jan 2025	497.40	533.95	545.50	457.40	1.269 times
31 Tue Dec 2024	532.70	555.95	572.10	508.05	0.889 times
29 Fri Nov 2024	551.65	578.90	593.00	503.00	0.639 times
31 Thu Oct 2024	573.30	557.90	581.00	490.35	0.466 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Sumitomo Chem in short term but the buy signal is initial and weak.

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 stronger in this stock.

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

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

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sumitomo Chem is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 495.64 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 negative.

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