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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 2024-06-21 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 5371503

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	89.32	93.00	93.05	89.00	1.081 times
20 Thu Jun 2024	93.32	85.40	96.70	84.52	5.451 times
19 Wed Jun 2024	84.91	85.41	88.80	84.40	1.435 times
18 Tue Jun 2024	82.90	80.05	83.50	78.43	0.881 times
14 Fri Jun 2024	79.71	79.90	81.19	78.93	0.163 times
13 Thu Jun 2024	79.50	79.70	80.90	78.50	0.2 times
12 Wed Jun 2024	79.20	79.50	81.00	79.00	0.198 times
11 Tue Jun 2024	79.30	80.15	81.96	78.28	0.477 times
10 Mon Jun 2024	79.60	74.00	80.60	73.45	0.931 times
07 Fri Jun 2024	73.45	71.90	74.00	71.55	0.139 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 91.5, for a target of 83.5 or 76.85

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	78.43
Downside Target	81.96
Downside Target	82.80
Downside Target	85.80
Upside Target	90.50
Upside Target	96.70
Upside Target	107.50

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	79.6
Downside Intraday Target	69.88
Upside Intraday Target	97.87
Upside Intraday Target	106.42
Downside Intraday Target	88.15

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	89.32	80.05	96.70	78.43	4.493 times
14 Fri Jun 2024	79.71	74.00	81.96	73.45	2.714 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

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
21 Fri Jun 2024	89.32	73.90	96.70	64.40	4.106 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, and volume has increased substantially. This means that the move can 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 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 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 and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Southern Petrochemicals in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 88.25 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.