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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 2024-11-13 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 432435

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	74.21	76.40	77.18	74.01	0.932 times
12 Tue Nov 2024	76.86	78.89	80.19	76.58	0.789 times
11 Mon Nov 2024	78.69	79.20	79.63	77.81	0.645 times
08 Fri Nov 2024	79.74	81.80	81.92	79.35	0.731 times
07 Thu Nov 2024	81.72	82.60	83.78	81.50	1.613 times
06 Wed Nov 2024	81.97	80.00	82.45	79.69	1.562 times
05 Tue Nov 2024	79.23	77.25	79.58	77.06	0.964 times
04 Mon Nov 2024	77.69	80.49	81.04	77.35	0.915 times
01 Fri Nov 2024	80.51	80.38	80.90	80.06	0.299 times
31 Thu Oct 2024	79.76	80.59	81.79	78.86	1.093 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 75.7, but if it comes above 75.7, then a intra day buy could be more profitable.
If you take a sell trade below 75.7, then use 75.7 as stoploss and 72.6 as target. However if you take a buy trade in stock , then use 75.7 as stoploss and 78.28 as target.

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	71.75
Downside Target	74.01
Upside Target	75.75
Upside Target	79.56
Upside Target	82.85
Upside Target	83.78
Upside Target	85.38
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	72.08
Downside Intraday Target	69.96
Upside Intraday Target	78.26
Upside Intraday Target	82.32
Upside Intraday Target	76.14

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	74.21	79.20	80.19	74.01	0.409 times
08 Fri Nov 2024	79.74	80.49	83.78	77.06	0.948 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

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
13 Wed Nov 2024	74.21	80.38	83.78	74.01	0.254 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 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 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 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 coming down

CCI has generated a SELL signal for Southern Petrochemicals in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 79.37 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.