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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 2024-05-27 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 790927

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon May 2024	74.10	74.60	76.00	74.00	1.112 times
24 Fri May 2024	74.30	73.70	77.35	73.40	2.485 times
23 Thu May 2024	73.50	75.35	75.40	73.30	1.643 times
22 Wed May 2024	75.40	77.10	77.65	73.80	1.421 times
21 Tue May 2024	76.90	77.80	78.50	76.50	1.051 times
18 Sat May 2024	77.15	77.35	79.00	76.85	0.253 times
17 Fri May 2024	76.65	76.80	78.00	76.20	1.077 times
16 Thu May 2024	78.00	78.05	79.75	77.65	0.544 times
15 Wed May 2024	77.85	77.50	79.15	77.25	0.624 times
14 Tue May 2024	77.20	75.70	77.45	75.70	0.409 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 74.6, but if it comes above 74.6, then a intra day buy could be more profitable.
If you take a sell trade below 74.6, then use 74.6 as stoploss and 71.4 as target. However if you take a buy trade in stock , then use 74.6 as stoploss and 77.21 as target.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	68.25
Downside Target	71.50
Downside Target	73.15
Upside Target	76.00
Upside Target	82.00
Upside Target	82.60
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	73.4
Downside Intraday Target	72.7
Upside Intraday Target	75.4
Upside Intraday Target	76.7
Upside Intraday Target	74.7

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon May 2024	74.10	74.60	76.00	74.00	0.168 times
24 Fri May 2024	74.30	77.80	78.50	73.30	1.942 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

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
27 Mon May 2024	74.10	81.70	82.80	73.15	0.556 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 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 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 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 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 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 75.38 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.