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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 2024-03-01 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 2314987

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	88.55	89.50	90.30	88.25	0.42 times
29 Thu Feb 2024	88.75	88.35	89.75	86.70	0.639 times
28 Wed Feb 2024	88.35	90.85	92.25	87.30	0.612 times
27 Tue Feb 2024	90.15	92.00	93.75	89.75	0.501 times
26 Mon Feb 2024	92.00	94.20	94.20	90.95	0.547 times
23 Fri Feb 2024	93.75	94.90	95.45	93.30	0.59 times
22 Thu Feb 2024	94.95	94.20	95.50	91.50	0.743 times
21 Wed Feb 2024	94.00	96.20	97.35	93.55	0.999 times
20 Tue Feb 2024	95.95	99.70	99.70	95.20	1.031 times
19 Mon Feb 2024	99.00	91.30	99.95	90.65	3.152 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 88.6, but if it comes above 88.6, then a intra day buy could be more profitable.
If you take a sell trade below 88.6, then use 88.6 as stoploss and 82.9 as target. However if you take a buy trade in stock , then use 88.6 as stoploss and 93.32 as target.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	66.90
Downside Target	69.80
Downside Target	77.45
Downside Target	81.55
Downside Target	86.70
Upside Target	91.75
Upside Target	94.20
Upside 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	85.43
Downside Intraday Target	82.32
Upside Intraday Target	92.93
Upside Intraday Target	97.32
Upside Intraday Target	89.82

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	88.55	94.20	94.20	86.70	0.417 times
23 Fri Feb 2024	93.75	91.30	99.95	90.65	0.933 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

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 Southern Petrochemicals (SPIC)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	88.55	89.50	90.30	88.25	0.009 times
29 Thu Feb 2024	88.75	85.15	107.50	82.60	1.521 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

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 Southern Petrochemicals (SPIC)

Price action analysis of Southern Petrochemicals ( (SPIC) ) 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 Southern Petrochemicals ( (SPIC) ) 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 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 SELL. Signal strength is Weak and stock is losing momentum.

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

Southern Petrochemicals 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Southern Petrochemicals 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 94.67 and Southern Petrochemicals (SPIC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.