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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 2024-11-04 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 551526

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	77.69	80.49	81.04	77.35	0.717 times
01 Fri Nov 2024	80.51	80.38	80.90	80.06	0.235 times
31 Thu Oct 2024	79.76	80.59	81.79	78.86	0.857 times
30 Wed Oct 2024	79.99	77.15	80.20	77.10	1.09 times
29 Tue Oct 2024	77.15	74.25	77.50	74.25	1.454 times
28 Mon Oct 2024	74.00	73.58	74.76	71.75	1.149 times
25 Fri Oct 2024	73.13	76.74	76.74	72.55	1.087 times
24 Thu Oct 2024	76.52	77.00	78.41	75.80	0.818 times
23 Wed Oct 2024	76.80	75.90	77.62	73.74	1.172 times
22 Tue Oct 2024	75.84	79.78	79.94	75.36	1.202 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 76.5 as stoploss in an intra day buy trade for a target of 79.86. However, stock will show a bearish move below 76.5.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	71.75
Downside Target	75.75
Downside Target	77.35
Upside Target	79.15
Upside Target	81.79
Upside Target	82.85
Upside Target	85.38
Upside Target	86.40
Upside Target	88.65
Upside Target	91.90
Upside Target	95.20
Upside Target	96.63

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	76.35
Downside Intraday Target	75
Upside Intraday Target	80.04
Upside Intraday Target	82.38
Upside Intraday Target	78.69

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	77.69	80.49	81.04	77.35	0.15 times
01 Fri Nov 2024	80.51	73.58	81.79	71.75	0.917 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

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
04 Mon Nov 2024	77.69	80.38	81.04	77.35	0.036 times
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

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 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 gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

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

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 76.74 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.