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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 2024-08-12 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 2278946

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	86.81	87.85	89.40	86.36	1.02 times
09 Fri Aug 2024	87.85	82.79	91.28	82.00	5.45 times
08 Thu Aug 2024	78.62	78.98	79.80	78.15	0.267 times
07 Wed Aug 2024	78.37	77.97	78.77	76.80	0.363 times
06 Tue Aug 2024	76.23	78.44	80.24	75.75	0.45 times
05 Mon Aug 2024	77.75	81.00	81.49	77.38	0.711 times
02 Fri Aug 2024	82.98	83.50	84.45	82.72	0.312 times
01 Thu Aug 2024	84.65	85.44	86.60	84.31	0.677 times
31 Wed Jul 2024	84.89	86.80	87.50	84.71	0.581 times
30 Tue Jul 2024	86.19	84.60	87.44	84.60	0.793 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 87.1 as stoploss in an intra day sell trade for a target of 83.76. However, stock will show a bullish move above 87.1.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	70.25
Downside Target	75.75
Downside Target	80.79
Downside Target	85.80
Upside Target	89.30
Upside Target	89.40
Upside Target	89.80
Upside Target	91.28
Upside Target	91.90
Upside Target	96.70

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	85.65
Downside Intraday Target	84.48
Upside Intraday Target	88.69
Upside Intraday Target	90.56
Upside Intraday Target	87.52

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	86.81	87.85	89.40	86.36	0.141 times
09 Fri Aug 2024	87.85	81.00	91.28	75.75	2.625 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

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
12 Mon Aug 2024	86.81	85.44	91.28	75.75	0.477 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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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

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 85.39 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.