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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 2024-10-15 View latest technical analysis

10 day averaged volume of Supreme Petrochem is 48662

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	779.90	781.80	784.15	776.10	0.314 times
14 Mon Oct 2024	778.35	795.65	795.65	776.85	0.429 times
11 Fri Oct 2024	789.40	792.00	800.50	785.00	0.538 times
10 Thu Oct 2024	797.30	775.05	810.00	775.05	1.1 times
09 Wed Oct 2024	784.25	767.50	794.40	763.00	0.916 times
08 Tue Oct 2024	763.40	775.00	782.90	759.50	2.715 times
07 Mon Oct 2024	781.80	828.80	830.80	776.00	0.959 times
04 Fri Oct 2024	828.80	842.10	848.00	825.15	0.669 times
03 Thu Oct 2024	837.10	872.00	878.45	832.55	1.063 times
01 Tue Oct 2024	872.00	867.55	875.45	864.80	0.554 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 794.5, but if it comes above 794.5, then a intra day buy could be more profitable.
If you take a sell trade below 794.5, then use 794.5 as stoploss and 741.8 as target. However if you take a buy trade in stock , then use 794.5 as stoploss and 838.46 as target.

Share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Target	623.85
Downside Target	749.00
Downside Target	776.10
Upside Target	820.80
Upside Target	860.00
Upside Target	878.45
Upside Target	885.10
Upside Target	899.00
Upside Target	901.00
Upside Target	902.00
Upside Target	910.00
Upside Target	926.60

Intraday share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Intraday Target	772.12
Downside Intraday Target	764.33
Upside Intraday Target	791.67
Upside Intraday Target	803.43
Upside Intraday Target	783.88

Weekly technical analysis of Supreme Petrochem (SPLPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	779.90	795.65	795.65	776.10	0.119 times
11 Fri Oct 2024	789.40	828.80	830.80	759.50	1.862 times
04 Fri Oct 2024	828.80	880.90	885.10	825.15	0.335 times
27 Fri Sep 2024	875.00	899.50	901.00	860.00	1.376 times
20 Fri Sep 2024	887.90	855.85	899.00	854.95	0.94 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
15 Tue Oct 2024	779.90	867.55	878.45	759.50	0.263 times
30 Mon Sep 2024	866.70	863.70	910.00	846.30	0.964 times
30 Fri Aug 2024	859.70	857.10	902.00	785.00	0.548 times
31 Wed Jul 2024	857.10	769.15	926.60	749.00	1.29 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Supreme Petrochem stock for short term is SELL. Signal strength is Strong and stock is gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Supreme Petrochem 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 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 793.85 and Supreme Petrochem (SPLPETRO) 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 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 negative.

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