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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 2024-07-19 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 2409472

Date Daily Closing Price Open High Low Volume
19 Fri Jul 2024 82.79 84.50 84.69 81.75 0.491 times
18 Thu Jul 2024 84.59 86.95 86.95 84.44 0.387 times
16 Tue Jul 2024 86.52 87.85 89.80 86.11 0.674 times
15 Mon Jul 2024 87.37 86.80 88.40 84.80 0.632 times
12 Fri Jul 2024 85.88 86.45 91.10 85.35 2.543 times
11 Thu Jul 2024 85.95 85.60 86.90 85.33 0.381 times
10 Wed Jul 2024 85.08 88.10 88.41 83.47 0.713 times
09 Tue Jul 2024 88.50 89.90 91.90 88.00 1.552 times
08 Mon Jul 2024 88.96 87.75 89.40 85.75 1.755 times
05 Fri Jul 2024 85.16 84.47 86.36 83.51 0.622 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 83.4, but if it comes above 83.4, then a intra day buy could be more profitable.
If you take a sell trade below 83.4, then use 83.4 as stoploss and 81.1 as target. However if you take a buy trade in stock , then use 83.4 as stoploss and 85.35 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 78.43
Downside Target 81.74
Upside Target 85.80
Upside Target 88.21
Upside Target 89.80
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 79.76
Downside Intraday Target 76.73
Upside Intraday Target 87.81
Upside Intraday Target 92.83
Upside Intraday Target 84.78

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date Weekly Closing Price Open High Low Volume
19 Fri Jul 2024 82.79 86.80 89.80 81.75 0.315 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 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
19 Fri Jul 2024 82.79 83.87 91.90 81.75 0.402 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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 Weak and stock is losing momentum.

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

Southern Petrochemicals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 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 86.68 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 positive

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

Price action analysis of Southern Petrochemicals ( (SPIC) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 Weak and stock is losing momentum.

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

Southern Petrochemicals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 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 86.68 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 positive

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

Click here for Southern Petrochemicals charts

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Daily charts

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