Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(SUMICHEM) Sumitomo Chem complete technical analysis [charts+indicators] | Buy/Sell Sumitomo Chem | (SUMICHEM) share price targets

Complete technical analysis of Sumitomo Chem (SUMICHEM) by charts plus indicators, forecast predictions and share price targets for Sumitomo Chem (SUMICHEM)

10 day averaged volume of Sumitomo Chem is 428252

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	404.25	410.50	411.15	402.25	0.705 times
25 Thu Apr 2024	407.05	400.40	409.50	399.35	0.621 times
24 Wed Apr 2024	399.70	403.00	406.30	398.10	0.359 times
23 Tue Apr 2024	402.30	412.00	412.00	401.55	0.562 times
22 Mon Apr 2024	408.20	410.00	413.50	404.75	0.99 times
19 Fri Apr 2024	401.35	396.00	411.00	390.30	1.182 times
18 Thu Apr 2024	399.85	392.75	404.35	390.15	0.713 times
16 Tue Apr 2024	389.20	391.05	395.05	388.00	0.325 times
15 Mon Apr 2024	391.30	398.05	401.10	387.05	0.995 times
12 Fri Apr 2024	403.15	404.35	408.90	400.15	1.432 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 405.8 as stoploss in an intra day sell trade for a target of 386.04. However, stock will show a bullish move above 405.8.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	336.10
Downside Target	350.05
Downside Target	364.35
Downside Target	398.10
Upside Target	411.00
Upside Target	413.50
Upside Target	414.25
Upside Target	414.40
Upside Target	421.85
Upside Target	430.60

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	397.07
Downside Intraday Target	389.88
Upside Intraday Target	412.47
Upside Intraday Target	420.68
Upside Intraday Target	405.28

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	404.25	410.00	413.50	398.10	1.006 times
19 Fri Apr 2024	401.35	398.05	411.00	387.05	0.523 times
12 Fri Apr 2024	403.15	381.05	414.40	377.10	1.465 times
05 Fri Apr 2024	380.15	354.95	382.40	350.05	0.834 times
28 Thu Mar 2024	347.75	362.65	364.35	341.80	1.508 times

Price has moved up 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 Sumitomo Chem (SUMICHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	404.25	354.95	414.40	350.05	0.997 times
28 Thu Mar 2024	347.75	375.65	379.95	336.10	1.324 times
29 Thu Feb 2024	374.15	413.10	414.25	370.00	0.394 times
31 Wed Jan 2024	415.60	405.40	430.60	391.35	2.464 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 Sumitomo Chem (SUMICHEM)

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sumitomo Chem 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.

Sumitomo Chem Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Sumitomo Chem in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Sumitomo Chem is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 401.33 and Sumitomo Chem (SUMICHEM) 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 Sumitomo Chem (SUMICHEM) stock. Volume based technical analysis of Sumitomo Chem (SUMICHEM) stock is negative.

Sumitomo Chem 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.