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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 2024-06-03 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 855818

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	72.25	73.90	73.90	72.10	0.894 times
31 Fri May 2024	71.10	71.00	71.95	70.25	0.503 times
30 Thu May 2024	70.85	71.50	72.10	70.65	0.72 times
29 Wed May 2024	71.90	72.00	73.40	71.65	0.706 times
28 Tue May 2024	72.25	74.40	74.55	72.00	0.709 times
27 Mon May 2024	74.10	74.60	76.00	74.00	1.028 times
24 Fri May 2024	74.30	73.70	77.35	73.40	2.297 times
23 Thu May 2024	73.50	75.35	75.40	73.30	1.519 times
22 Wed May 2024	75.40	77.10	77.65	73.80	1.314 times
21 Tue May 2024	76.90	77.80	78.50	76.50	0.971 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 72.6, but if it comes above 72.6, then a intra day buy could be more profitable.
If you take a sell trade below 72.6, then use 72.6 as stoploss and 70 as target. However if you take a buy trade in stock , then use 72.6 as stoploss and 74.85 as target.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	68.25
Downside Target	70.25
Upside Target	76.00
Upside Target	78.50
Upside Target	79.75
Upside Target	82.00
Upside Target	82.60
Upside Target	82.80
Upside Target	85.80
Upside Target	90.50
Upside Target	107.50

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	71.6
Downside Intraday Target	70.95
Upside Intraday Target	73.4
Upside Intraday Target	74.55
Upside Intraday Target	72.75

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	72.25	73.90	73.90	72.10	0.244 times
31 Fri May 2024	71.10	74.60	76.00	70.25	0.601 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

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
03 Mon Jun 2024	72.25	73.90	73.90	72.10	0.051 times
31 Fri May 2024	71.10	81.70	82.80	70.25	0.654 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Southern Petrochemicals stock for short term is SELL. Signal strength is Weak and stock is losing 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Southern Petrochemicals in short term but BUY 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 73.69 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.