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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 2024-03-07 View latest technical analysis

10 day averaged volume of Sumit Woods is 42019

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	60.50	60.05	62.30	57.55	1.475 times
06 Wed Mar 2024	60.05	63.70	63.70	57.80	2.831 times
05 Tue Mar 2024	60.80	62.05	62.05	59.75	0.558 times
04 Mon Mar 2024	62.90	66.00	66.00	61.00	0.866 times
02 Sat Mar 2024	64.00	64.80	64.80	62.40	0.264 times
01 Fri Mar 2024	62.30	60.95	62.85	59.50	0.819 times
29 Thu Feb 2024	59.90	60.25	60.25	57.85	0.364 times
28 Wed Feb 2024	60.30	62.55	62.55	59.65	1.443 times
27 Tue Feb 2024	62.75	64.80	66.70	61.65	1.347 times
26 Mon Feb 2024	64.80	64.50	67.60	63.20	0.789 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 59.2 as stoploss in an intra day buy trade for a target of 61.87. However, stock will show a bearish move below 59.2.

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	55.00
Downside Target	57.10
Downside Target	59.45
Upside Target	61.80
Upside Target	65.85
Upside Target	66.00
Upside Target	67.60
Upside Target	70.45

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	56.7
Downside Intraday Target	52.9
Upside Intraday Target	65.15
Upside Intraday Target	69.8
Upside Intraday Target	61.35

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	60.50	66.00	66.00	57.55	1.14 times
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

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
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
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 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 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 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 SELL. Signal strength is Weak 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 SELL signal for Sumit Woods in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 61.36 and Sumit Woods (SUMIT_BE) 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 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.