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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 2024-10-16 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 768144

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	83.23	84.37	84.37	83.01	0.445 times
15 Tue Oct 2024	83.23	83.25	83.89	83.05	0.363 times
14 Mon Oct 2024	83.04	84.97	85.38	82.10	0.611 times
11 Fri Oct 2024	84.54	84.70	85.80	83.73	0.494 times
10 Thu Oct 2024	84.44	82.99	86.40	82.99	1.278 times
09 Wed Oct 2024	82.65	83.50	84.30	82.15	0.631 times
08 Tue Oct 2024	82.84	80.10	83.23	79.54	0.875 times
07 Mon Oct 2024	80.50	84.70	85.39	79.15	1.195 times
04 Fri Oct 2024	83.96	85.16	85.43	81.90	1.442 times
03 Thu Oct 2024	84.74	85.75	87.75	84.05	1.371 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 82.6 as stoploss in an intra day buy trade for a target of 84.1. However, stock will show a bearish move below 82.6.

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	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	81.76
Downside Intraday Target	80.29
Upside Intraday Target	85.04
Upside Intraday Target	86.85
Upside Intraday Target	83.57

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	83.23	84.97	85.38	82.10	0.317 times
11 Fri Oct 2024	84.54	84.70	86.40	79.15	0.821 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

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
16 Wed Oct 2024	83.23	85.80	88.65	79.15	0.211 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 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 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 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. 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 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 83.37 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.