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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 2024-09-23 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 2357395

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	86.58	84.29	87.50	84.06	0.534 times
20 Fri Sep 2024	83.70	82.83	83.90	81.91	0.354 times
19 Thu Sep 2024	81.86	86.40	86.68	81.60	0.847 times
18 Wed Sep 2024	85.61	86.55	86.99	84.80	0.595 times
17 Tue Sep 2024	86.12	87.50	87.90	85.55	0.413 times
16 Mon Sep 2024	87.28	88.25	88.90	86.80	0.566 times
13 Fri Sep 2024	87.65	91.00	91.80	87.25	1.133 times
12 Thu Sep 2024	90.69	94.00	94.44	90.25	1.049 times
11 Wed Sep 2024	93.76	91.18	96.63	90.61	3.672 times
10 Tue Sep 2024	90.86	91.38	93.19	90.67	0.747 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 85.7 as stoploss in an intra day buy trade for a target of 88.41. However, stock will show a bearish move below 85.7.

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	84.59
Downside Intraday Target	82.61
Upside Intraday Target	88.03
Upside Intraday Target	89.49
Downside Intraday Target	86.05

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	86.58	84.29	87.50	84.06	0.192 times
20 Fri Sep 2024	83.70	88.25	88.90	81.60	0.384 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

Price has moved up 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
23 Mon Sep 2024	86.58	87.97	96.63	81.60	0.697 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Southern Petrochemicals in short term but BUY 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

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 89.58 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.