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(SPLPETRO) Supreme Petrochem complete technical analysis [charts+indicators] | Buy/Sell Supreme Petrochem | (SPLPETRO) share price targets

Complete technical analysis of Supreme Petrochem (SPLPETRO) by charts plus indicators, forecast predictions and share price targets for Supreme Petrochem (SPLPETRO)

Showing technical analysis as on 2024-03-26 View latest technical analysis

10 day averaged volume of Supreme Petrochem is 314405

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	615.90	619.50	625.00	610.10	0.144 times
22 Fri Mar 2024	620.00	613.95	624.40	608.50	0.196 times
21 Thu Mar 2024	613.90	597.05	618.00	597.00	0.179 times
20 Wed Mar 2024	597.20	600.00	605.65	589.55	0.275 times
19 Tue Mar 2024	599.20	614.00	619.35	595.40	0.186 times
18 Mon Mar 2024	614.45	630.95	644.85	607.05	0.259 times
15 Fri Mar 2024	604.10	630.00	663.00	589.85	6.301 times
14 Thu Mar 2024	628.55	594.70	640.00	586.50	0.539 times
13 Wed Mar 2024	597.75	642.35	659.70	593.40	0.903 times
12 Tue Mar 2024	652.90	662.70	685.25	650.05	0.541 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 609.1 as stoploss in an intra day buy trade for a target of 663.28. However, stock will show a bearish move below 609.1.

Share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Target	521.25
Downside Target	536.10
Downside Target	580.00
Upside Target	625.00
Upside Target	644.85
Upside Target	664.00
Upside Target	685.25
Upside Target	714.15
Upside Target	731.00
Upside Target	757.80
Upside Target	783.00

Intraday share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Intraday Target	609
Downside Intraday Target	602.1
Upside Intraday Target	623.9
Upside Intraday Target	631.9
Upside Intraday Target	617

Weekly technical analysis of Supreme Petrochem (SPLPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	615.90	619.50	625.00	610.10	0.132 times
22 Fri Mar 2024	620.00	630.95	644.85	589.55	0.123 times
15 Fri Mar 2024	604.10	672.40	685.25	586.50	4.63 times
07 Thu Mar 2024	674.50	725.80	731.00	664.00	0.775 times
02 Sat Mar 2024	718.30	752.40	783.00	714.15	0.469 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 Supreme Petrochem (SPLPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	615.90	731.00	757.80	586.50	1.013 times
29 Thu Feb 2024	729.90	604.40	783.00	584.95	1.472 times
31 Wed Jan 2024	600.95	561.00	612.00	521.25	1.758 times
29 Fri Dec 2023	559.60	565.00	580.00	536.10	0.997 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 Supreme Petrochem (SPLPETRO)

Price action analysis of Supreme Petrochem ( (SPLPETRO) ) 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 Supreme Petrochem ( (SPLPETRO) ) 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 Supreme Petrochem ( (SPLPETRO) ) 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 Supreme Petrochem ( (SPLPETRO) ) based on a mid to longer 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.

ADX buy sell signal for Supreme Petrochem stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Supreme Petrochem in short term and the sell signal is strong.

Supreme Petrochem 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 coming down

CCI has generated a SELL signal for Supreme Petrochem in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 Supreme Petrochem is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 608.33 and Supreme Petrochem (SPLPETRO) 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 Supreme Petrochem (SPLPETRO) stock. Volume based technical analysis of Supreme Petrochem (SPLPETRO) stock is negative.

Supreme Petrochem Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.