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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 2024-06-04 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 912319

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	67.65	72.05	72.05	64.40	1.166 times
03 Mon Jun 2024	72.25	73.90	73.90	72.10	0.839 times
31 Fri May 2024	71.10	71.00	71.95	70.25	0.472 times
30 Thu May 2024	70.85	71.50	72.10	70.65	0.675 times
29 Wed May 2024	71.90	72.00	73.40	71.65	0.662 times
28 Tue May 2024	72.25	74.40	74.55	72.00	0.665 times
27 Mon May 2024	74.10	74.60	76.00	74.00	0.964 times
24 Fri May 2024	74.30	73.70	77.35	73.40	2.155 times
23 Thu May 2024	73.50	75.35	75.40	73.30	1.425 times
22 Wed May 2024	75.40	77.10	77.65	73.80	1.232 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 68.5, for a target of 71.7 or 74.42

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Upside Target	68.25
Upside Target	70.25
Upside Target	73.15
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	63.4
Downside Intraday Target	59.15
Upside Intraday Target	72.9
Upside Intraday Target	78.15
Upside Intraday Target	68.65

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	67.65	73.90	73.90	64.40	0.583 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 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
04 Tue Jun 2024	67.65	73.90	73.90	64.40	0.121 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 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 Strong 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 weakening, and bulls are picking up momentum!

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 and selling is picking up 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 72.72 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.