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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 2024-04-18 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 1148594

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	76.55	78.15	78.90	76.35	0.659 times
16 Tue Apr 2024	77.75	76.00	78.50	75.90	0.789 times
15 Mon Apr 2024	76.95	76.80	78.15	74.50	0.994 times
12 Fri Apr 2024	79.00	80.25	80.95	78.80	0.639 times
10 Wed Apr 2024	80.50	79.15	81.40	78.85	0.793 times
09 Tue Apr 2024	79.10	79.50	81.55	78.80	0.74 times
08 Mon Apr 2024	79.80	82.10	82.25	79.55	0.786 times
05 Fri Apr 2024	81.40	80.00	82.35	79.10	1.219 times
04 Thu Apr 2024	80.05	81.50	82.20	79.10	1.037 times
03 Wed Apr 2024	81.00	78.50	81.90	78.30	1.682 times

My analysis of stock is bullish for shortterm, and stock might move up till 79.9 or till 84.5. Use a stoploss of 76.01 and if this stock hits its stoploss, then it can fall down till 72.16

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	68.25
Downside Target	71.50
Downside Target	73.85
Upside Target	77.45
Upside Target	81.55
Upside Target	82.25
Upside Target	82.35
Upside Target	82.60
Upside Target	89.15
Upside Target	90.50
Upside Target	107.50

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	74.4
Downside Intraday Target	72.25
Upside Intraday Target	78.8
Upside Intraday Target	81.05
Upside Intraday Target	76.65

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	76.55	76.80	78.90	74.50	0.826 times
12 Fri Apr 2024	79.00	82.10	82.25	78.80	0.429 times
05 Fri Apr 2024	81.40	71.50	82.35	71.50	2.032 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

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
18 Thu Apr 2024	76.55	71.50	82.35	71.50	0.673 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 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 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 SELL. Signal strength is Strong and stock is losing momentum.

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

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. 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 SELL signal for Southern Petrochemicals in short term and SELL signal is strong!

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 79.5 and Southern Petrochemicals (SPIC) 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 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.