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(SUMIT_BE) Sumit Woods complete technical analysis [charts+indicators] | Buy/Sell Sumit Woods | (SUMIT_BE) share price targets

Complete technical analysis of Sumit Woods (SUMIT_BE) by charts plus indicators, forecast predictions and share price targets for Sumit Woods (SUMIT_BE)

10 day averaged volume of Sumit Woods is 24332

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	70.30	71.00	73.00	70.00	0.805 times
29 Mon Apr 2024	70.50	72.30	72.30	70.30	0.504 times
26 Fri Apr 2024	72.30	72.40	72.90	70.15	0.943 times
25 Thu Apr 2024	72.00	71.30	72.00	70.00	1.356 times
24 Wed Apr 2024	70.55	71.95	71.95	70.35	0.793 times
23 Tue Apr 2024	72.05	72.70	73.75	71.00	0.891 times
22 Mon Apr 2024	71.50	70.35	71.90	68.20	0.643 times
19 Fri Apr 2024	70.15	72.50	72.50	69.45	1.798 times
18 Thu Apr 2024	73.10	72.35	75.00	71.25	1.283 times
16 Tue Apr 2024	71.80	70.60	72.55	70.00	0.63 times

My analysis of stock is bullish for shortterm, and stock might move up till 73.3 or till 79.5. Use a stoploss of 68.18 and if this stock hits its stoploss, then it can fall down till 63.05

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	48.20
Downside Target	49.90
Downside Target	51.05
Downside Target	57.55
Downside Target	59.80
Downside Target	65.85
Downside Target	68.20
Upside Target	72.25
Upside Target	73.00
Upside Target	73.75
Upside Target	75.00
Upside Target	78.90

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	69.2
Downside Intraday Target	68.1
Upside Intraday Target	72.2
Upside Intraday Target	74.1
Upside Intraday Target	71.1

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	70.30	72.30	73.00	70.00	0.283 times
26 Fri Apr 2024	72.30	70.35	73.75	68.20	0.95 times
19 Fri Apr 2024	70.15	68.65	75.00	68.65	1.239 times
12 Fri Apr 2024	72.25	76.15	78.90	72.25	0.397 times
07 Thu Mar 2024	60.50	66.00	66.00	57.55	1.14 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 Sumit Woods (SUMIT_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	70.30	76.15	78.90	68.20	1.252 times
07 Thu Mar 2024	60.50	60.95	66.00	57.55	0.361 times
29 Thu Feb 2024	59.90	52.90	70.45	51.05	0.519 times
31 Wed Jan 2024	52.10	52.15	65.85	49.90	1.508 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 Sumit Woods (SUMIT_BE)

Price action analysis of Sumit Woods ( (SUMIT_BE) ) 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 Sumit Woods ( (SUMIT_BE) ) 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 Sumit Woods ( (SUMIT_BE) ) 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 Sumit Woods ( (SUMIT_BE) ) 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 Sumit Woods stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Sumit Woods in short term but the sell signal is initial and weak.

Sumit Woods 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. Bears are getting stronger in this stock.

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

CCI has generated a buy signal for Sumit Woods in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Sumit Woods is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 71.45 and Sumit Woods (SUMIT_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Sumit Woods (SUMIT_BE) stock. Volume based technical analysis of Sumit Woods (SUMIT_BE) stock is negative.

Sumit Woods 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.