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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 2024-08-08 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 1189186

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	78.62	78.98	79.80	78.15	0.512 times
07 Wed Aug 2024	78.37	77.97	78.77	76.80	0.695 times
06 Tue Aug 2024	76.23	78.44	80.24	75.75	0.863 times
05 Mon Aug 2024	77.75	81.00	81.49	77.38	1.363 times
02 Fri Aug 2024	82.98	83.50	84.45	82.72	0.598 times
01 Thu Aug 2024	84.65	85.44	86.60	84.31	1.297 times
31 Wed Jul 2024	84.89	86.80	87.50	84.71	1.113 times
30 Tue Jul 2024	86.19	84.60	87.44	84.60	1.52 times
29 Mon Jul 2024	84.64	85.25	86.29	84.26	0.758 times
26 Fri Jul 2024	84.00	85.88	86.60	83.83	0.911 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 80.4, but if it comes above 80.4, then a intra day buy could be more profitable.
If you take a sell trade below 80.4, then use 80.4 as stoploss and 76.5 as target. However if you take a buy trade in stock , then use 80.4 as stoploss and 83.62 as target.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	70.25
Downside Target	75.75
Upside Target	80.79
Upside Target	85.80
Upside Target	86.60
Upside Target	87.50
Upside Target	89.30
Upside Target	89.80
Upside Target	91.90
Upside Target	96.70

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	75.75
Downside Intraday Target	72.88
Upside Intraday Target	81.49
Upside Intraday Target	84.36
Downside Intraday Target	78.62

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	78.62	81.00	81.49	75.75	0.649 times
02 Fri Aug 2024	82.98	85.25	87.50	82.72	0.559 times
26 Fri Jul 2024	84.00	82.70	89.30	80.79	2.138 times
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

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
08 Thu Aug 2024	78.62	85.44	86.60	75.75	0.143 times
31 Wed Jul 2024	84.89	83.87	91.90	80.79	0.614 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

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 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 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 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 SELL. Signal strength is Strong and stock is losing momentum.

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

Southern Petrochemicals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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

RSI is generating a SELL signal in short term and selling is picking up 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 82.25 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 negative.

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