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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 2024-05-17 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 514847

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	76.65	76.80	78.00	76.20	1.655 times
16 Thu May 2024	78.00	78.05	79.75	77.65	0.836 times
15 Wed May 2024	77.85	77.50	79.15	77.25	0.959 times
14 Tue May 2024	77.20	75.70	77.45	75.70	0.628 times
13 Mon May 2024	75.45	75.85	76.00	73.30	0.754 times
10 Fri May 2024	75.30	75.00	76.05	73.15	0.695 times
09 Thu May 2024	74.20	76.55	77.10	74.00	0.958 times
08 Wed May 2024	76.40	76.20	78.45	76.00	0.907 times
07 Tue May 2024	76.20	79.40	79.45	76.00	1.259 times
06 Mon May 2024	78.80	82.00	82.00	78.10	1.479 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 76.1 as stoploss in an intra day buy trade for a target of 78.71. However, stock will show a bearish move below 76.1.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	68.25
Downside Target	71.50
Downside Target	73.15
Upside Target	77.00
Upside Target	82.00
Upside Target	82.80
Upside Target	83.95
Upside Target	85.80
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	73.38
Downside Intraday Target	70.12
Upside Intraday Target	79.83
Upside Intraday Target	83.02
Downside Intraday Target	76.57

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	76.65	75.85	79.75	73.30	0.912 times
10 Fri May 2024	75.30	82.00	82.00	73.15	0.992 times
03 Fri May 2024	81.60	83.55	83.95	80.10	0.395 times
26 Fri Apr 2024	83.40	77.50	85.80	77.00	2.053 times
19 Fri Apr 2024	76.70	76.80	78.90	74.50	0.998 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
17 Fri May 2024	76.65	81.70	82.80	73.15	0.283 times
30 Tue Apr 2024	81.45	71.50	85.80	71.50	1.101 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

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 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 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 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 Weak and stock is gaining momentum.

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

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

CCI has generated a SELL signal for Southern Petrochemicals in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 76.73 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.