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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)

10 day averaged volume of Supreme Petrochem is 39139

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	633.45	639.10	649.00	625.10	0.935 times
16 Tue Apr 2024	640.20	638.75	646.70	632.45	0.601 times
15 Mon Apr 2024	638.75	640.00	652.00	622.90	0.793 times
12 Fri Apr 2024	643.45	636.85	663.00	635.05	1.536 times
10 Wed Apr 2024	641.70	643.70	649.75	629.00	0.92 times
09 Tue Apr 2024	640.35	655.10	660.55	636.55	0.989 times
08 Mon Apr 2024	657.15	670.00	671.90	652.00	0.901 times
05 Fri Apr 2024	668.35	676.05	681.15	661.70	0.558 times
04 Thu Apr 2024	676.05	681.45	681.60	655.00	1.465 times
03 Wed Apr 2024	674.70	661.45	677.00	659.25	0.86 times

My analysis of stock is bearish for shortterm, and stock might move down till 612.6 or till 584.4. Use a stoploss of 636.08 and if the stock hits stoploss, then it can shoot up till 659.59

Share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Target	521.25
Downside Target	536.10
Downside Target	580.00
Upside Target	635.05
Upside Target	644.85
Upside Target	652.00
Upside Target	671.90
Upside Target	681.60
Upside Target	757.80
Upside Target	783.00

Intraday share price targets for Supreme Petrochem (SPLPETRO)

Target Type	Value
Downside Intraday Target	620.23
Downside Intraday Target	607.02
Upside Intraday Target	649.33
Upside Intraday Target	665.22
Upside Intraday Target	636.12

Weekly technical analysis of Supreme Petrochem (SPLPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	633.45	640.00	652.00	622.90	0.536 times
12 Fri Apr 2024	643.45	670.00	671.90	629.00	0.708 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

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
18 Thu Apr 2024	633.45	632.45	681.60	622.90	0.119 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 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 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 SELL. Signal strength is Weak 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 coming down

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 but selling is losing 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 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 651.94 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.