Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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)

Showing technical analysis as on 2024-03-01 View latest technical analysis

10 day averaged volume of Sumit Woods is 45446

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	62.30	60.95	62.85	59.50	0.757 times
29 Thu Feb 2024	59.90	60.25	60.25	57.85	0.336 times
28 Wed Feb 2024	60.30	62.55	62.55	59.65	1.334 times
27 Tue Feb 2024	62.75	64.80	66.70	61.65	1.245 times
26 Mon Feb 2024	64.80	64.50	67.60	63.20	0.73 times
23 Fri Feb 2024	64.40	66.55	66.60	63.70	0.665 times
22 Thu Feb 2024	66.75	70.45	70.45	64.50	1.194 times
21 Wed Feb 2024	67.45	67.45	67.45	65.55	1.046 times
20 Tue Feb 2024	64.25	63.90	64.25	62.30	1.423 times
19 Mon Feb 2024	61.20	59.80	61.20	58.10	0.954 times

My analysis of stock is bullish for shortterm, and stock might move up till 64.1 or till 68.1. Use a stoploss of 60.76 and if this stock hits its stoploss, then it can fall down till 57.41

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	27.15
Downside Target	32.80
Downside Target	48.20
Downside Target	49.90
Downside Target	51.05
Downside Target	53.95
Downside Target	57.10
Downside Target	59.45
Downside Target	61.80
Upside Target	62.85
Upside Target	65.85
Upside Target	67.60
Upside Target	70.45

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	57.57
Downside Intraday Target	52.83
Upside Intraday Target	67.32
Upside Intraday Target	72.33
Upside Intraday Target	62.58

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	62.30	64.50	67.60	57.85	0.834 times
23 Fri Feb 2024	64.40	59.80	70.45	58.10	1.216 times
16 Fri Feb 2024	58.30	60.60	61.80	57.10	2.828 times
09 Fri Feb 2024	59.45	55.00	59.45	55.00	0.197 times
02 Fri Feb 2024	53.95	51.75	53.95	51.05	1.8 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
01 Fri Mar 2024	62.30	60.95	62.85	59.50	0.043 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
29 Fri Dec 2023	51.85	57.25	59.80	48.20	2.897 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 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 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 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 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 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 moving up

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 63.61 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 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.