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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 2024-10-29 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 510756

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	77.15	74.25	77.50	74.25	1.57 times
28 Mon Oct 2024	74.00	73.58	74.76	71.75	1.24 times
25 Fri Oct 2024	73.13	76.74	76.74	72.55	1.174 times
24 Thu Oct 2024	76.52	77.00	78.41	75.80	0.884 times
23 Wed Oct 2024	76.80	75.90	77.62	73.74	1.266 times
22 Tue Oct 2024	75.84	79.78	79.94	75.36	1.298 times
21 Mon Oct 2024	79.84	80.64	82.85	79.10	1.012 times
18 Fri Oct 2024	80.56	81.19	81.40	79.56	1.077 times
17 Thu Oct 2024	81.44	83.44	83.65	81.25	0.835 times
16 Wed Oct 2024	83.23	84.37	84.37	83.01	0.67 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 77 as stoploss in an intra day buy trade for a target of 80.74. However, stock will show a bearish move below 77.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	71.75
Downside Target	75.75
Upside Target	77.50
Upside Target	79.15
Upside Target	85.38
Upside Target	86.40
Upside Target	88.65
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	73.43
Downside Intraday Target	69.72
Upside Intraday Target	79.18
Upside Intraday Target	81.22
Downside Intraday Target	75.47

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	77.15	73.58	77.50	71.75	0.499 times
25 Fri Oct 2024	73.13	80.64	82.85	72.55	1.392 times
18 Fri Oct 2024	80.56	84.97	85.38	79.56	0.601 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

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
29 Tue Oct 2024	77.15	85.80	88.65	71.75	0.349 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 losing 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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 77.4 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.