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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)

Showing technical analysis as on 2024-03-02 View latest technical analysis

10 day averaged volume of Sumit Woods is 44007

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	64.00	64.80	64.80	62.40	0.252 times
01 Fri Mar 2024	62.30	60.95	62.85	59.50	0.782 times
29 Thu Feb 2024	59.90	60.25	60.25	57.85	0.347 times
28 Wed Feb 2024	60.30	62.55	62.55	59.65	1.377 times
27 Tue Feb 2024	62.75	64.80	66.70	61.65	1.286 times
26 Mon Feb 2024	64.80	64.50	67.60	63.20	0.754 times
23 Fri Feb 2024	64.40	66.55	66.60	63.70	0.687 times
22 Thu Feb 2024	66.75	70.45	70.45	64.50	1.233 times
21 Wed Feb 2024	67.45	67.45	67.45	65.55	1.08 times
20 Tue Feb 2024	64.25	63.90	64.25	62.30	1.469 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 64.4 as stoploss in an intra day sell trade for a target of 61.21. However, stock will show a bullish move above 64.4.

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	64.80
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	58.7
Downside Intraday Target	53.4
Upside Intraday Target	68.45
Upside Intraday Target	72.9
Downside Intraday Target	63.15

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	64.00	64.50	67.60	57.85	0.88 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
02 Sat Mar 2024	64.00	60.95	64.80	59.50	0.057 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls 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 Sumit Woods 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 Sumit Woods is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 63.88 and Sumit Woods (SUMIT_BE) 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 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.