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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 2025-02-06 View latest technical analysis

10 day averaged volume of Sumit Woods is 23610

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Feb 2025	132.42	142.00	142.00	129.70	0.868 times
05 Wed Feb 2025	136.53	134.80	137.90	130.00	0.32 times
04 Tue Feb 2025	131.71	126.55	132.98	126.00	0.892 times
03 Mon Feb 2025	126.66	131.98	131.98	126.00	0.637 times
31 Fri Jan 2025	127.93	129.55	132.97	125.11	0.617 times
30 Thu Jan 2025	126.64	124.90	127.97	124.90	1.653 times
29 Wed Jan 2025	121.88	110.96	121.99	110.96	0.86 times
28 Tue Jan 2025	116.80	114.20	120.00	114.16	3.019 times
27 Mon Jan 2025	120.17	126.00	126.00	120.17	1.179 times
24 Fri Jan 2025	126.50	127.69	128.99	122.01	0.422 times

My analysis of stock is bullish for shortterm, and stock might move up till 140 or till 149.2. Use a stoploss of 132.27 and if this stock hits its stoploss, then it can fall down till 124.57

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	110.96
Downside Target	120.45
Downside Target	126.00
Upside Target	132.97
Upside Target	141.94
Upside Target	143.40
Upside Target	147.00
Upside Target	147.88
Upside Target	148.79
Upside Target	151.74
Upside Target	152.00
Upside Target	155.99

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	124.95
Downside Intraday Target	117.47
Upside Intraday Target	140.95
Upside Intraday Target	149.47
Upside Intraday Target	133.47

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Feb 2025	132.42	131.98	142.00	126.00	0.371 times
31 Fri Jan 2025	127.93	126.00	132.97	110.96	3.314 times
24 Fri Jan 2025	126.50	147.88	147.88	122.01	2.111 times
17 Fri Jan 2025	142.99	139.10	143.40	133.58	0.828 times
10 Fri Jan 2025	141.94	148.70	148.79	141.94	0.471 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
06 Thu Feb 2025	132.42	131.98	142.00	126.00	0.203 times
31 Fri Jan 2025	127.93	143.00	151.74	110.96	0.636 times
31 Tue Dec 2024	143.00	132.99	155.99	128.20	1.585 times
29 Fri Nov 2024	132.69	145.23	147.00	121.28	0.402 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Sumit Woods stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Sumit Woods in short term but the buy 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

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

RSI is generating a SELL signal in short term

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 123.97 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.