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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 2024-09-19 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 2624412

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	81.86	86.40	86.68	81.60	0.76 times
18 Wed Sep 2024	85.61	86.55	86.99	84.80	0.534 times
17 Tue Sep 2024	86.12	87.50	87.90	85.55	0.371 times
16 Mon Sep 2024	87.28	88.25	88.90	86.80	0.509 times
13 Fri Sep 2024	87.65	91.00	91.80	87.25	1.018 times
12 Thu Sep 2024	90.69	94.00	94.44	90.25	0.942 times
11 Wed Sep 2024	93.76	91.18	96.63	90.61	3.298 times
10 Tue Sep 2024	90.86	91.38	93.19	90.67	0.671 times
09 Mon Sep 2024	90.68	90.21	91.80	87.35	0.561 times
06 Fri Sep 2024	90.14	91.00	93.70	88.65	1.193 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 83.4, for a target of 86.5 or 89.03

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
Upside Target	86.71
Upside Target	91.90
Upside Target	93.47
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	79.34
Downside Intraday Target	76.82
Upside Intraday Target	86.64
Upside Intraday Target	91.42
Upside Intraday Target	84.12

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	81.86	88.25	88.90	81.60	0.335 times
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

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
19 Thu Sep 2024	81.86	87.97	96.63	81.60	0.655 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Southern Petrochemicals stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Southern Petrochemicals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 90.04 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.