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(SUULD_BE) Suumaya Industries complete technical analysis [charts+indicators] | Buy/Sell Suumaya Industries | (SUULD_BE) share price targets

Complete technical analysis of Suumaya Industries (SUULD_BE) by charts plus indicators, forecast predictions and share price targets for Suumaya Industries (SUULD_BE)

Showing technical analysis as on 2024-07-23 View latest technical analysis

10 day averaged volume of Suumaya Industries is 169703

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	5.84	5.96	5.96	5.75	0.402 times
22 Mon Jul 2024	5.82	5.68	5.96	5.45	1.166 times
19 Fri Jul 2024	5.68	5.52	5.82	5.52	0.382 times
18 Thu Jul 2024	5.71	5.62	5.92	5.62	1.486 times
16 Tue Jul 2024	5.92	6.19	6.19	5.80	1.146 times
15 Mon Jul 2024	6.00	6.25	6.25	5.95	1.217 times
12 Fri Jul 2024	6.14	6.18	6.18	6.01	0.904 times
11 Thu Jul 2024	6.17	6.06	6.30	6.06	0.56 times
10 Wed Jul 2024	6.13	6.45	6.45	6.01	0.767 times
09 Tue Jul 2024	6.19	6.50	6.50	6.10	1.016 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 5.7 as stoploss in an intra day buy trade for a target of 6.55. However, stock will show a bearish move below 5.7.

Share price targets for Suumaya Industries (SUULD_BE)

Target Type	Value
Downside Target	5.45
Downside Target	5.70
Upside Target	5.96
Upside Target	6.25
Upside Target	6.53
Upside Target	7.45
Upside Target	7.75
Upside Target	8.05
Upside Target	8.50
Upside Target	8.55
Upside Target	9.25
Upside Target	10.80
Upside Target	11.00

Intraday share price targets for Suumaya Industries (SUULD_BE)

Target Type	Value
Downside Intraday Target	5.54
Downside Intraday Target	5.24
Upside Intraday Target	6.05
Upside Intraday Target	6.26
Downside Intraday Target	5.75

Weekly technical analysis of Suumaya Industries (SUULD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	5.84	5.68	5.96	5.45	0.37 times
19 Fri Jul 2024	5.68	6.25	6.25	5.52	0.919 times
12 Fri Jul 2024	6.14	6.53	6.53	6.01	0.662 times
05 Fri Jul 2024	6.35	5.89	6.35	5.70	0.605 times
22 Fri Mar 2024	7.45	7.95	8.50	7.45	1.787 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 Suumaya Industries (SUULD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	5.84	5.89	6.53	5.45	0.903 times
22 Fri Mar 2024	7.45	8.00	8.55	7.45	1.83 times
29 Thu Feb 2024	8.05	10.80	10.80	8.05	0.524 times
31 Wed Jan 2024	11.00	7.95	11.00	7.75	1.511 times

Scroll below to view daily charts

Price has moved down 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 Suumaya Industries (SUULD_BE)

Price action analysis of Suumaya Industries ( (SUULD_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 Suumaya Industries ( (SUULD_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 Suumaya Industries ( (SUULD_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 Suumaya Industries ( (SUULD_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 Suumaya Industries stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Suumaya Industries in short term and the sell signal is strong.

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

Suumaya Industries 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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Suumaya Industries in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Suumaya Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5.96 and Suumaya Industries (SUULD_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 Suumaya Industries (SUULD_BE) stock. Volume based technical analysis of Suumaya Industries (SUULD_BE) stock is negative.

Suumaya Industries Stock has given negative 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.