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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 2024-10-08 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 909678

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	82.84	80.10	83.23	79.54	0.739 times
07 Mon Oct 2024	80.50	84.70	85.39	79.15	1.009 times
04 Fri Oct 2024	83.96	85.16	85.43	81.90	1.218 times
03 Thu Oct 2024	84.74	85.75	87.75	84.05	1.158 times
01 Tue Oct 2024	86.35	85.80	88.65	85.44	1.47 times
30 Mon Sep 2024	85.85	84.99	86.39	84.03	0.752 times
27 Fri Sep 2024	84.93	84.39	86.80	84.05	0.845 times
26 Thu Sep 2024	84.55	85.00	85.20	83.86	0.495 times
25 Wed Sep 2024	84.74	84.95	85.34	83.80	0.707 times
24 Tue Sep 2024	84.63	86.90	87.27	84.40	0.962 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 82.8 as stoploss in an intra day buy trade for a target of 85.86. However, stock will show a bearish move below 82.8.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	75.75
Downside Target	79.15
Downside 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	79.53
Downside Intraday Target	76.22
Upside Intraday Target	85.77
Upside Intraday Target	88.7
Downside Intraday Target	82.46

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	82.84	84.70	85.39	79.15	0.38 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
08 Tue Oct 2024	82.84	85.80	88.65	79.15	0.134 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 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 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 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 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 84.37 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.