(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)
Showing technical analysis as on 2024-03-19 View latest technical analysis
10 day averaged volume of Sumitomo Chem is 363897
Date | Daily Closing Price | Open | High | Low | Volume |
19 Tue Mar 2024 | 344.30 | 345.80 | 349.00 | 342.00 | 0.574 times |
18 Mon Mar 2024 | 343.40 | 345.35 | 346.00 | 340.15 | 0.486 times |
15 Fri Mar 2024 | 344.00 | 345.90 | 347.40 | 339.50 | 0.502 times |
14 Thu Mar 2024 | 344.80 | 339.40 | 347.85 | 336.10 | 1.177 times |
13 Wed Mar 2024 | 339.35 | 348.00 | 350.70 | 336.65 | 1.358 times |
12 Tue Mar 2024 | 347.95 | 354.00 | 355.00 | 347.05 | 1.491 times |
11 Mon Mar 2024 | 353.30 | 360.15 | 360.85 | 351.95 | 1.676 times |
07 Thu Mar 2024 | 360.10 | 365.70 | 369.00 | 359.25 | 0.888 times |
06 Wed Mar 2024 | 361.60 | 372.75 | 372.75 | 358.55 | 1.224 times |
05 Tue Mar 2024 | 370.75 | 371.00 | 374.00 | 370.10 | 0.466 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 349, but if it comes above 349, then a intra day buy could be more profitable.
If you take a sell trade below 349, then use 349 as stoploss and 330.7 as target. However if you take a buy trade in stock , then use 349 as stoploss and 364.2 as target.
Share price targets for Sumitomo Chem (SUMICHEM)
Target Type | Value |
Downside Target | 336.10 |
Upside Target | 349.00 |
Upside Target | 358.55 |
Upside Target | 370.00 |
Upside Target | 387.90 |
Upside Target | 391.15 |
Upside Target | 391.35 |
Upside Target | 395.00 |
Upside Target | 408.50 |
Upside Target | 414.25 |
Upside Target | 421.85 |
Upside Target | 430.60 |
Intraday share price targets for Sumitomo Chem (SUMICHEM)
Target Type | Value |
Downside Intraday Target | 339.97 |
Downside Intraday Target | 335.63 |
Upside Intraday Target | 348.82 |
Upside Intraday Target | 353.33 |
Upside Intraday Target | 344.48 |
Weekly technical analysis of Sumitomo Chem (SUMICHEM)
Date | Weekly Closing Price | Open | High | Low | Volume |
19 Tue Mar 2024 | 344.30 | 345.35 | 349.00 | 340.15 | 0.171 times |
15 Fri Mar 2024 | 344.00 | 360.15 | 360.85 | 336.10 | 1.875 times |
07 Thu Mar 2024 | 360.10 | 377.95 | 378.25 | 358.55 | 1.046 times |
02 Sat Mar 2024 | 376.40 | 384.70 | 387.90 | 372.30 | 0.965 times |
23 Fri Feb 2024 | 384.70 | 378.15 | 395.00 | 372.20 | 1.082 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 |
19 Tue Mar 2024 | 344.30 | 375.65 | 379.95 | 336.10 | 0.737 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 |
29 Fri Dec 2023 | 404.05 | 413.00 | 421.85 | 391.15 | 1.405 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 Sumitomo Chem (SUMICHEM)
Price action analysis of Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Sumitomo Chem in short term and the sell signal is strong.
Sumitomo Chem 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 moving up
CCI has generated a buy signal for Sumitomo Chem in short term but BUY signal is weak.
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
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 350.53 and Sumitomo Chem (SUMICHEM) 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 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem ( (SUMICHEM) ) 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 Sumitomo Chem stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Sumitomo Chem in short term and the sell signal is strong.
Sumitomo Chem 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 moving up
CCI has generated a buy signal for Sumitomo Chem in short term but BUY signal is weak.
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
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 350.53 and Sumitomo Chem (SUMICHEM) 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 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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Daily charts
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