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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 2024-04-08 View latest technical analysis

10 day averaged volume of Supreme Petrochem is 63329

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	657.15	670.00	671.90	652.00	0.557 times
05 Fri Apr 2024	668.35	676.05	681.15	661.70	0.345 times
04 Thu Apr 2024	676.05	681.45	681.60	655.00	0.905 times
03 Wed Apr 2024	674.70	661.45	677.00	659.25	0.532 times
02 Tue Apr 2024	661.45	660.30	670.40	652.30	0.85 times
01 Mon Apr 2024	652.85	632.45	656.55	631.75	1.164 times
28 Thu Mar 2024	624.45	615.00	635.05	615.00	0.87 times
27 Wed Mar 2024	608.10	618.70	624.80	600.35	2.753 times
26 Tue Mar 2024	615.90	619.50	625.00	610.10	0.716 times
22 Fri Mar 2024	620.00	613.95	624.40	608.50	0.974 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 663.2 as stoploss in an intra day sell trade for a target of 635.1. However, stock will show a bullish move above 663.2.

Share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Target	521.25
Downside Target	536.10
Downside Target	580.00
Downside Target	631.75
Downside Target	644.85
Downside Target	652.00
Upside Target	671.90
Upside Target	681.60
Upside Target	685.25
Upside Target	757.80
Upside Target	783.00

Intraday share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Intraday Target	648.8
Downside Intraday Target	640.45
Upside Intraday Target	668.7
Upside Intraday Target	680.25
Upside Intraday Target	660.35

Weekly technical analysis of Supreme Petrochem (SPLPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	657.15	670.00	671.90	652.00	0.147 times
05 Fri Apr 2024	668.35	632.45	681.60	631.75	0.875 times
28 Thu Mar 2024	624.45	619.50	635.05	600.35	0.797 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

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
08 Mon Apr 2024	657.15	632.45	681.60	631.75	0.065 times
28 Thu Mar 2024	624.45	731.00	757.80	586.50	1.072 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

Scroll below to view daily charts

Price has moved up 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Supreme Petrochem ( (SPLPETRO) ) 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 Supreme Petrochem ( (SPLPETRO) ) 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Supreme Petrochem in short term and the buy signal is strong.

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

Supreme Petrochem 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 in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Supreme Petrochem in short term but SELL signal is weak.

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 636.43 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 rising upwards.

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 is giving positive 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.