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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 2024-09-27 View latest technical analysis

10 day averaged volume of Suumaya Industries is 105301

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	4.91	4.93	4.95	4.83	1.011 times
26 Thu Sep 2024	4.93	4.88	4.96	4.80	0.898 times
25 Wed Sep 2024	4.88	5.00	5.02	4.85	0.679 times
24 Tue Sep 2024	4.98	4.98	5.00	4.90	1.032 times
23 Mon Sep 2024	4.86	4.93	5.03	4.85	0.886 times
20 Fri Sep 2024	4.96	4.93	5.03	4.90	0.502 times
19 Thu Sep 2024	4.93	5.09	5.12	4.80	1.155 times
18 Wed Sep 2024	5.05	5.10	5.14	5.01	0.993 times
17 Tue Sep 2024	5.10	5.12	5.20	5.04	0.615 times
16 Mon Sep 2024	5.11	5.10	5.23	5.06	0.951 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 4.9 as stoploss in an intra day buy trade for a target of 4.98. However, stock will show a bearish move below 4.9.

Share price targets for Suumaya Industries (SUULD_BE)

Target Type	Value
Downside Target	4.66
Downside Target	4.80
Upside Target	5.00
Upside Target	5.23
Upside Target	5.35
Upside Target	5.45
Upside Target	6.02
Upside Target	6.53
Upside Target	7.45
Upside Target	8.05
Upside Target	8.55
Upside Target	10.80

Intraday share price targets for Suumaya Industries (SUULD_BE)

Target Type	Value
Downside Intraday Target	4.8
Downside Intraday Target	4.68
Upside Intraday Target	5.03
Upside Intraday Target	5.14
Upside Intraday Target	4.91

Weekly technical analysis of Suumaya Industries (SUULD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	4.91	4.93	5.03	4.80	1.068 times
20 Fri Sep 2024	4.96	5.10	5.23	4.80	0.341 times
13 Fri Sep 2024	5.08	5.03	5.10	4.66	2.008 times
06 Fri Sep 2024	5.03	5.27	5.27	5.00	0.623 times
30 Fri Aug 2024	5.23	5.17	5.35	5.00	1.486 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 Suumaya Industries (SUULD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	4.91	5.27	5.27	4.66	0.705 times
30 Fri Aug 2024	5.23	5.89	6.02	5.00	1.091 times
31 Wed Jul 2024	5.87	5.89	6.53	5.45	1.143 times
22 Fri Mar 2024	7.45	8.00	8.55	7.45	1.83 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Suumaya Industries 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.

Suumaya Industries 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 red color and prices are below the red cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

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 Suumaya Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4.97 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.