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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 2024-08-26 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 3375431

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	90.85	92.49	92.55	89.51	0.615 times
23 Fri Aug 2024	91.88	91.70	93.50	91.20	0.592 times
22 Thu Aug 2024	91.27	91.20	95.20	91.01	1.372 times
21 Wed Aug 2024	90.71	90.75	92.50	90.20	0.502 times
20 Tue Aug 2024	90.64	89.85	92.00	88.61	0.724 times
19 Mon Aug 2024	89.48	88.45	91.60	88.06	0.812 times
16 Fri Aug 2024	87.68	85.99	89.77	85.62	0.907 times
14 Wed Aug 2024	84.92	85.68	86.31	83.55	0.365 times
13 Tue Aug 2024	84.00	86.81	87.92	83.10	0.357 times
12 Mon Aug 2024	86.81	87.85	89.40	86.36	0.689 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 90.2, but if it comes below 90.2, then a intra day sell could be more profitable.
If you take a sell trade below 90.2, then use 90.2 as stoploss and 85.52 as target. However if you take a buy trade in stock , then use 90.2 as stoploss and 95.8 as target.

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	82.72
Downside Target	85.80
Downside Target	89.77
Upside Target	91.28
Upside Target	91.90
Upside Target	92.55
Upside Target	95.20
Upside Target	96.70

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	89.39
Downside Intraday Target	87.93
Upside Intraday Target	92.43
Upside Intraday Target	94.01
Upside Intraday Target	90.97

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	90.85	92.49	92.55	89.51	0.154 times
23 Fri Aug 2024	91.88	88.45	95.20	88.06	1.727 times
16 Fri Aug 2024	87.68	87.85	89.77	83.10	0.474 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

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
26 Mon Aug 2024	90.85	85.44	95.20	75.75	0.954 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 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 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 losing 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 SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 89.35 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.