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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 2024-07-15 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 2367111

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	87.37	86.80	88.40	84.80	0.643 times
12 Fri Jul 2024	85.88	86.45	91.10	85.35	2.589 times
11 Thu Jul 2024	85.95	85.60	86.90	85.33	0.388 times
10 Wed Jul 2024	85.08	88.10	88.41	83.47	0.725 times
09 Tue Jul 2024	88.50	89.90	91.90	88.00	1.579 times
08 Mon Jul 2024	88.96	87.75	89.40	85.75	1.786 times
05 Fri Jul 2024	85.16	84.47	86.36	83.51	0.633 times
04 Thu Jul 2024	84.47	84.16	86.00	83.09	0.755 times
03 Wed Jul 2024	83.74	82.98	84.90	82.85	0.506 times
02 Tue Jul 2024	82.53	84.30	84.68	82.08	0.42 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 88.3 as stoploss in an intra day sell trade for a target of 85.71. However, stock will show a bullish move above 88.3.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	68.25
Downside Target	70.25
Downside Target	78.43
Downside Target	81.74
Upside Target	88.21
Upside Target	88.40
Upside Target	90.50
Upside Target	91.90
Upside Target	96.70

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	85.31
Downside Intraday Target	83.26
Upside Intraday Target	88.91
Upside Intraday Target	90.46
Downside Intraday Target	86.86

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	87.37	86.80	88.40	84.80	0.091 times
12 Fri Jul 2024	85.88	87.75	91.90	83.47	2.41 times
05 Fri Jul 2024	85.16	83.87	86.36	82.08	0.694 times
28 Fri Jun 2024	83.57	87.00	88.21	81.74	0.211 times
21 Fri Jun 2024	89.32	80.05	96.70	78.43	4.493 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
15 Mon Jul 2024	87.37	83.87	91.90	82.08	0.35 times
28 Fri Jun 2024	83.57	73.90	96.70	64.40	4.769 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

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 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 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 losing momentum.

MACD generated a SELL signal for Southern Petrochemicals in short term but the sell 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. Bears are weakening, and bulls are picking up momentum!

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

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 86.48 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.