Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-06-07 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 825174

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	73.45	71.90	74.00	71.55	0.907 times
06 Thu Jun 2024	71.30	70.70	72.45	70.45	0.816 times
05 Wed Jun 2024	70.05	68.85	70.50	66.65	0.784 times
04 Tue Jun 2024	67.65	72.05	72.05	64.40	1.289 times
03 Mon Jun 2024	72.25	73.90	73.90	72.10	0.927 times
31 Fri May 2024	71.10	71.00	71.95	70.25	0.522 times
30 Thu May 2024	70.85	71.50	72.10	70.65	0.747 times
29 Wed May 2024	71.90	72.00	73.40	71.65	0.732 times
28 Tue May 2024	72.25	74.40	74.55	72.00	0.735 times
27 Mon May 2024	74.10	74.60	76.00	74.00	1.066 times

My analysis of stock is bearish for shortterm, and stock might move down till 71 or till 67.6. Use a stoploss of 73.87 and if the stock hits stoploss, then it can shoot up till 76.72

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	68.25
Downside Target	70.25
Downside 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	67.23
Downside Intraday Target	61.02
Upside Intraday Target	76.83
Upside Intraday Target	80.22
Downside Intraday Target	70.62

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	73.45	73.90	74.00	64.40	1.242 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
07 Fri Jun 2024	73.45	73.90	74.00	64.40	0.258 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 neutral. A longer time frame might give a better analysis.

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Southern Petrochemicals stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Southern Petrochemicals in short term but the buy signal is initial and weak.

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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Southern Petrochemicals in short term and BUY 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 71.4 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 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.