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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 2024-10-31 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 588966

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	79.76	80.59	81.79	78.86	0.803 times
30 Wed Oct 2024	79.99	77.15	80.20	77.10	1.02 times
29 Tue Oct 2024	77.15	74.25	77.50	74.25	1.361 times
28 Mon Oct 2024	74.00	73.58	74.76	71.75	1.076 times
25 Fri Oct 2024	73.13	76.74	76.74	72.55	1.018 times
24 Thu Oct 2024	76.52	77.00	78.41	75.80	0.766 times
23 Wed Oct 2024	76.80	75.90	77.62	73.74	1.098 times
22 Tue Oct 2024	75.84	79.78	79.94	75.36	1.125 times
21 Mon Oct 2024	79.84	80.64	82.85	79.10	0.877 times
18 Fri Oct 2024	80.56	81.19	81.40	79.56	0.934 times

My analysis of stock is bearish for shortterm, and stock might move down till 76.7 or till 72.6. Use a stoploss of 80.17 and if the stock hits stoploss, then it can shoot up till 83.59

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	71.75
Downside Target	75.75
Downside 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	73.74
Downside Intraday Target	67.73
Upside Intraday Target	83.78
Upside Intraday Target	87.81
Downside Intraday Target	77.77

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	79.76	73.58	81.79	71.75	0.872 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
31 Thu Oct 2024	79.76	85.80	88.65	71.75	0.378 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Southern Petrochemicals in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Southern Petrochemicals in short term and BUY signal is strong.

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 77.22 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.