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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 2024-12-30 View latest technical analysis

10 day averaged volume of Sumit Woods is 8968

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	143.00	137.41	143.00	137.41	1.466 times
27 Fri Dec 2024	140.22	142.00	142.00	140.22	0.568 times
26 Thu Dec 2024	143.09	141.76	143.16	140.54	0.556 times
24 Tue Dec 2024	143.16	143.00	143.16	141.20	0.267 times
23 Mon Dec 2024	143.16	146.00	146.00	143.15	0.741 times
20 Fri Dec 2024	146.00	148.00	148.00	146.00	0.661 times
19 Thu Dec 2024	148.00	146.13	148.87	146.13	0.557 times
18 Wed Dec 2024	148.99	149.98	149.98	148.69	0.345 times
17 Tue Dec 2024	150.11	155.99	155.99	150.11	2.975 times
16 Mon Dec 2024	152.97	150.01	152.97	150.01	2.493 times

My analysis of stock is bearish for shortterm, and stock might move down till 136.9 or till 128.9. Use a stoploss of 143.61 and if the stock hits stoploss, then it can shoot up till 150.28

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	83.00
Downside Target	120.45
Downside Target	128.20
Downside Target	132.69
Downside Target	135.34
Upside Target	146.00
Upside Target	147.00
Upside Target	151.26
Upside Target	152.00
Upside Target	155.99
Upside Target	157.75

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	139.27
Downside Intraday Target	135.55
Upside Intraday Target	144.86
Upside Intraday Target	146.73
Downside Intraday Target	141.14

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	143.00	137.41	143.00	137.41	0.687 times
27 Fri Dec 2024	140.22	146.00	146.00	140.22	0.303 times
20 Fri Dec 2024	146.00	150.01	155.99	146.00	0.32 times
13 Fri Dec 2024	149.98	144.00	151.26	140.50	1.038 times
06 Fri Dec 2024	137.20	132.99	137.60	128.20	2.947 times

Price has moved up 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 Mon Dec 2024	143.00	132.99	155.99	128.20	1.539 times
29 Fri Nov 2024	132.69	145.23	147.00	121.28	0.402 times
31 Thu Oct 2024	138.32	151.40	152.00	120.45	0.669 times
30 Mon Sep 2024	154.40	135.34	157.75	135.34	0.663 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 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 SELL. 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 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 but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 147.84 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.