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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 2024-05-21 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 465473

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	76.90	77.80	78.50	76.50	1.786 times
18 Sat May 2024	77.15	77.35	79.00	76.85	0.43 times
17 Fri May 2024	76.65	76.80	78.00	76.20	1.831 times
16 Thu May 2024	78.00	78.05	79.75	77.65	0.925 times
15 Wed May 2024	77.85	77.50	79.15	77.25	1.061 times
14 Tue May 2024	77.20	75.70	77.45	75.70	0.695 times
13 Mon May 2024	75.45	75.85	76.00	73.30	0.834 times
10 Fri May 2024	75.30	75.00	76.05	73.15	0.769 times
09 Thu May 2024	74.20	76.55	77.10	74.00	1.06 times
08 Wed May 2024	76.40	76.20	78.45	76.00	1.003 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 as stoploss in an intra day buy trade for a target of 78.61. However, stock will show a bearish move below 76.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	68.25
Downside Target	71.50
Downside Target	73.15
Downside Target	76.50
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	76.1
Downside Intraday Target	75.3
Upside Intraday Target	78.1
Upside Intraday Target	79.3
Upside Intraday Target	77.3

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	76.90	77.80	78.50	76.50	0.309 times
18 Sat May 2024	77.15	75.85	79.75	73.30	0.985 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

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
21 Tue May 2024	76.90	81.70	82.80	73.15	0.328 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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.

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 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

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 76.52 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.