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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 2024-06-11 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 1115552

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	79.30	80.15	81.96	78.28	2.298 times
10 Mon Jun 2024	79.60	74.00	80.60	73.45	4.483 times
07 Fri Jun 2024	73.45	71.90	74.00	71.55	0.671 times
06 Thu Jun 2024	71.30	70.70	72.45	70.45	0.603 times
05 Wed Jun 2024	70.05	68.85	70.50	66.65	0.58 times
04 Tue Jun 2024	67.65	72.05	72.05	64.40	0.954 times
03 Mon Jun 2024	72.25	73.90	73.90	72.10	0.686 times
31 Fri May 2024	71.10	71.00	71.95	70.25	0.386 times
30 Thu May 2024	70.85	71.50	72.10	70.65	0.552 times
29 Wed May 2024	71.90	72.00	73.40	71.65	0.541 times

Stock of Southern Petrochemicals (SPIC) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 77.4, but if it comes below 77.4, then a intra day sell could be more profitable.
If you take a sell trade below 77.4, then use 77.4 as stoploss and 74.18 as target. However if you take a buy trade in stock , then use 77.4 as stoploss and 81.3 as target.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	68.25
Downside Target	70.25
Downside Target	73.30
Downside Target	76.00
Downside Target	78.50
Upside Target	81.96
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	74.51
Downside Intraday Target	69.73
Upside Intraday Target	83.02
Upside Intraday Target	86.75
Downside Intraday Target	78.24

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	79.30	74.00	81.96	73.45	1.941 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Southern Petrochemicals (SPIC)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	79.30	73.90	81.96	64.40	0.759 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Southern Petrochemicals ( (SPIC) ) based on a mid to longer 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.

ADX buy sell signal for Southern Petrochemicals stock for short term is BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 coming down

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

RSI is generating a BUY signal in short term and the buying is gaining 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 75.85 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.