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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 2024-09-13 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 2550913

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	87.65	91.00	91.80	87.25	1.047 times
12 Thu Sep 2024	90.69	94.00	94.44	90.25	0.97 times
11 Wed Sep 2024	93.76	91.18	96.63	90.61	3.393 times
10 Tue Sep 2024	90.86	91.38	93.19	90.67	0.691 times
09 Mon Sep 2024	90.68	90.21	91.80	87.35	0.577 times
06 Fri Sep 2024	90.14	91.00	93.70	88.65	1.228 times
05 Thu Sep 2024	90.85	89.99	93.49	89.99	0.929 times
04 Wed Sep 2024	89.86	88.70	91.00	87.62	0.587 times
03 Tue Sep 2024	88.70	88.90	89.70	88.07	0.377 times
02 Mon Sep 2024	88.86	87.97	91.24	87.28	0.737 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 88.6, but if it comes above 88.6, then a intra day buy could be more profitable.
If you take a sell trade below 88.6, then use 88.6 as stoploss and 86.8 as target. However if you take a buy trade in stock , then use 88.6 as stoploss and 90.09 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	82.80
Downside Target	86.71
Upside Target	91.90
Upside Target	93.70
Upside Target	95.20
Upside Target	96.63
Upside Target	96.70

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	84.39
Downside Intraday Target	81.13
Upside Intraday Target	93.77
Upside Intraday Target	99.89
Upside Intraday Target	90.51

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	87.65	90.21	96.63	87.25	1.731 times
06 Fri Sep 2024	90.14	87.97	93.70	87.28	1.016 times
30 Fri Aug 2024	87.79	92.49	93.47	86.71	0.717 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Southern Petrochemicals (SPIC)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	87.65	87.97	96.63	87.25	0.54 times
30 Fri Aug 2024	87.79	85.44	95.20	75.75	1.126 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

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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 91.09 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.