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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 2024-10-07 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 901447

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	80.50	84.70	85.39	79.15	1.018 times
04 Fri Oct 2024	83.96	85.16	85.43	81.90	1.229 times
03 Thu Oct 2024	84.74	85.75	87.75	84.05	1.168 times
01 Tue Oct 2024	86.35	85.80	88.65	85.44	1.484 times
30 Mon Sep 2024	85.85	84.99	86.39	84.03	0.759 times
27 Fri Sep 2024	84.93	84.39	86.80	84.05	0.853 times
26 Thu Sep 2024	84.55	85.00	85.20	83.86	0.5 times
25 Wed Sep 2024	84.74	84.95	85.34	83.80	0.714 times
24 Tue Sep 2024	84.63	86.90	87.27	84.40	0.971 times
23 Mon Sep 2024	86.58	84.29	87.50	84.06	1.397 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 79.4, for a target of 83.1 or 86.25

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	75.75
Downside Target	79.15
Upside Target	80.79
Upside Target	83.80
Upside Target	87.25
Upside Target	88.65
Upside Target	88.90
Upside Target	91.90
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	77.97
Downside Intraday Target	75.44
Upside Intraday Target	84.21
Upside Intraday Target	87.92
Upside Intraday Target	81.68

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	80.50	84.70	85.39	79.15	0.219 times
04 Fri Oct 2024	83.96	84.99	88.65	81.90	1.046 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

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
07 Mon Oct 2024	80.50	85.80	88.65	79.15	0.116 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 SELL. 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.

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 red color and prices are below the red 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 84.79 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.