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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 2024-04-04 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 1262079

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	80.05	81.50	82.20	79.10	0.944 times
03 Wed Apr 2024	81.00	78.50	81.90	78.30	1.531 times
02 Tue Apr 2024	78.80	76.90	79.70	76.30	1.201 times
01 Mon Apr 2024	76.30	71.50	76.80	71.50	1.484 times
28 Thu Mar 2024	70.30	72.75	73.15	70.00	0.964 times
27 Wed Mar 2024	72.15	71.50	73.70	71.20	1.135 times
26 Tue Mar 2024	70.95	72.60	73.85	70.25	0.985 times
22 Fri Mar 2024	72.80	72.50	73.60	72.10	0.742 times
21 Thu Mar 2024	72.30	71.95	73.00	71.60	0.684 times
20 Wed Mar 2024	70.70	71.45	72.25	69.60	0.609 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 81 as stoploss in an intra day sell trade for a target of 75.86. However, stock will show a bullish move above 81.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	68.25
Downside Target	71.50
Downside Target	73.85
Downside Target	77.45
Upside Target	81.55
Upside Target	82.20
Upside Target	82.60
Upside Target	84.65
Upside Target	89.15
Upside Target	89.90
Upside Target	90.50
Upside Target	107.50

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	73.63
Downside Intraday Target	67.22
Upside Intraday Target	84.33
Upside Intraday Target	88.62
Downside Intraday Target	77.92

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	80.05	71.50	82.20	71.50	1.673 times
28 Thu Mar 2024	70.30	72.60	73.85	70.00	0.916 times
22 Fri Mar 2024	72.80	73.20	75.00	69.60	0.57 times
15 Fri Mar 2024	73.05	84.20	84.65	68.25	1.803 times
07 Thu Mar 2024	84.25	89.40	89.90	82.20	0.632 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Southern Petrochemicals (SPIC)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	80.05	71.50	82.20	71.50	0.311 times
28 Thu Mar 2024	70.30	89.50	90.50	68.25	0.197 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

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 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 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 Southern Petrochemicals stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Southern Petrochemicals 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.

Southern Petrochemicals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 buy signal for Southern Petrochemicals in short term and BUY signal is strong.

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 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 75.25 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 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 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.