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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 2024-10-01 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 988752

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	86.35	85.80	88.65	85.44	1.353 times
30 Mon Sep 2024	85.85	84.99	86.39	84.03	0.692 times
27 Fri Sep 2024	84.93	84.39	86.80	84.05	0.777 times
26 Thu Sep 2024	84.55	85.00	85.20	83.86	0.456 times
25 Wed Sep 2024	84.74	84.95	85.34	83.80	0.651 times
24 Tue Sep 2024	84.63	86.90	87.27	84.40	0.885 times
23 Mon Sep 2024	86.58	84.29	87.50	84.06	1.273 times
20 Fri Sep 2024	83.70	82.83	83.90	81.91	0.845 times
19 Thu Sep 2024	81.86	86.40	86.68	81.60	2.018 times
18 Wed Sep 2024	85.61	86.55	86.99	84.80	1.418 times

My analysis of stock is bearish for shortterm, and stock might move down till 84.3 or till 80.7. Use a stoploss of 87.33 and if the stock hits stoploss, then it can shoot up till 90.35

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	75.75
Downside Target	80.79
Downside Target	83.80
Upside Target	87.25
Upside Target	88.90
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	84.04
Downside Intraday Target	81.72
Upside Intraday Target	88.66
Upside Intraday Target	90.96
Downside Intraday Target	86.34

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	86.35	84.99	88.65	84.03	0.506 times
27 Fri Sep 2024	84.93	84.29	87.50	83.80	0.611 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

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
01 Tue Oct 2024	86.35	85.80	88.65	85.44	0.035 times
30 Mon Sep 2024	85.85	87.97	96.63	81.60	0.765 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Southern Petrochemicals ( (SPIC) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Southern Petrochemicals stock for short term is BUY. Signal strength is Strong and stock is gaining 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 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 stronger in this stock.

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 and BUY 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

Although the stock is in the SELL zone, but selling 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 84.72 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 negative.

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