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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 2024-08-28 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 2469217

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	89.49	90.50	92.56	89.21	0.545 times
27 Tue Aug 2024	90.33	90.78	93.47	89.08	1.461 times
26 Mon Aug 2024	90.85	92.49	92.55	89.51	0.841 times
23 Fri Aug 2024	91.88	91.70	93.50	91.20	0.81 times
22 Thu Aug 2024	91.27	91.20	95.20	91.01	1.876 times
21 Wed Aug 2024	90.71	90.75	92.50	90.20	0.687 times
20 Tue Aug 2024	90.64	89.85	92.00	88.61	0.99 times
19 Mon Aug 2024	89.48	88.45	91.60	88.06	1.11 times
16 Fri Aug 2024	87.68	85.99	89.77	85.62	1.24 times
14 Wed Aug 2024	84.92	85.68	86.31	83.55	0.499 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 90.8 as stoploss in an intra day sell trade for a target of 85.97. However, stock will show a bullish move above 90.8.

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
Upside Target	89.77
Upside Target	91.28
Upside Target	91.90
Upside Target	93.47
Upside Target	95.20
Upside Target	96.70

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	87.89
Downside Intraday Target	86.29
Upside Intraday Target	92.28
Upside Intraday Target	95.07
Upside Intraday Target	90.68

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	89.49	92.49	93.47	89.08	0.52 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
28 Wed Aug 2024	89.49	85.44	95.20	75.75	1.066 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 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 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 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.

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 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Southern Petrochemicals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 90 and Southern Petrochemicals (SPIC) stock is trading below this level. This means that stock is falling with high volumes. 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.