Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-03 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 1025088

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	84.74	85.75	87.75	84.05	1.027 times
01 Tue Oct 2024	86.35	85.80	88.65	85.44	1.305 times
30 Mon Sep 2024	85.85	84.99	86.39	84.03	0.667 times
27 Fri Sep 2024	84.93	84.39	86.80	84.05	0.75 times
26 Thu Sep 2024	84.55	85.00	85.20	83.86	0.44 times
25 Wed Sep 2024	84.74	84.95	85.34	83.80	0.628 times
24 Tue Sep 2024	84.63	86.90	87.27	84.40	0.854 times
23 Mon Sep 2024	86.58	84.29	87.50	84.06	1.228 times
20 Fri Sep 2024	83.70	82.83	83.90	81.91	0.815 times
19 Thu Sep 2024	81.86	86.40	86.68	81.60	1.947 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 84.1 as stoploss in an intra day buy trade for a target of 87.08. However, stock will show a bearish move below 84.1.

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	82.96
Downside Intraday Target	81.19
Upside Intraday Target	87.58
Upside Intraday Target	90.43
Upside Intraday Target	85.81

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	84.74	84.99	88.65	84.03	0.769 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 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
03 Thu Oct 2024	84.74	85.80	88.65	84.05	0.063 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 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 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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.

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 in or below 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 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 84.6 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 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.