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(SPIC) Southern Petrochemicals complete technical analysis [charts+indicators] | Buy/Sell Southern Petrochemicals | (SPIC) share price targets

Complete technical analysis of Southern Petrochemicals (SPIC) by charts plus indicators, forecast predictions and share price targets for Southern Petrochemicals (SPIC)

Showing technical analysis as on 2024-02-20 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 3930913

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	95.95	99.70	99.70	95.20	0.607 times
19 Mon Feb 2024	99.00	91.30	99.95	90.65	1.856 times
16 Fri Feb 2024	91.05	91.15	92.40	88.10	0.699 times
15 Thu Feb 2024	90.15	85.20	91.30	85.05	1.142 times
14 Wed Feb 2024	88.50	85.50	90.80	85.35	0.509 times
13 Tue Feb 2024	88.35	87.00	89.50	82.60	0.946 times
12 Mon Feb 2024	86.70	94.40	95.10	85.50	0.814 times
09 Fri Feb 2024	94.10	98.75	100.00	91.75	0.967 times
08 Thu Feb 2024	97.90	100.00	101.40	97.10	0.784 times
07 Wed Feb 2024	100.15	104.50	105.05	99.10	1.001 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 98 as stoploss in an intra day sell trade for a target of 91.51. However, stock will show a bullish move above 98.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	63.60
Downside Target	66.90
Downside Target	69.80
Downside Target	77.45
Downside Target	80.05
Downside Target	89.15
Downside Target	90.65
Downside Target	91.75
Downside Target	95.10
Upside Target	99.80
Upside Target	99.95
Upside Target	107.50

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	91.08
Downside Intraday Target	86.22
Upside Intraday Target	100.38
Upside Intraday Target	104.82
Downside Intraday Target	95.52

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	95.95	91.30	99.95	90.65	0.599 times
16 Fri Feb 2024	91.05	94.40	95.10	82.60	0.519 times
09 Fri Feb 2024	94.10	101.15	107.50	91.75	0.705 times
02 Fri Feb 2024	98.65	87.00	99.80	83.10	2.356 times
25 Thu Jan 2024	86.25	83.10	89.15	80.05	1.64 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 Southern Petrochemicals (SPIC)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	95.95	85.15	107.50	82.60	1.368 times
31 Wed Jan 2024	84.55	77.70	89.15	77.45	1.32 times
29 Fri Dec 2023	77.25	70.25	81.55	69.80	3.578 times
30 Thu Nov 2023	70.00	69.55	70.80	66.90	0.554 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 Southern Petrochemicals (SPIC)

Price action analysis of Southern Petrochemicals ( (SPIC) ) 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 Southern Petrochemicals ( (SPIC) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Southern Petrochemicals ( (SPIC) ) based on a short to mid 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 Southern Petrochemicals ( (SPIC) ) 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 Southern Petrochemicals stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Southern Petrochemicals in short term but the sell signal is initial and weak.

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

Southern Petrochemicals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Southern Petrochemicals in short term and BUY signal is strong.

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

MRSI is in positive zone. This is a BUY zone

Stock of Southern Petrochemicals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 93.92 and Southern Petrochemicals (SPIC) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Southern Petrochemicals (SPIC) stock. Volume based technical analysis of Southern Petrochemicals (SPIC) stock is negative.

Southern Petrochemicals 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.